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Monday, October 05, 2015

£2BN Lloyds Spring Sale

The government will be offering ordinary investors bonus shares and a 5% discount, as part of the £2bn Lloyds share sale in Spring 2016. This will mark the final stage of Lloyds Banking Group’s return to the private sector.

UK Financial Investments, the Government's vehicle for holding assets acquiring during the financial crisis, has already cut its stake in Lloyds from 40% to less than 12% through a series of sales to institutional investors.

Members of the public will be given a 5% discount to the trading price, and one bonus share for every 10 shares they hold for more than a year - up to a maximum of £200 worth of bonus shares.

Priority in the sale will be given to individuals applying for less than £1,000-worth of shares.

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