LONDON (Reuters) – Lloyds Banking Group said on Friday it had started a previously announced share buyback programme worth up to 1.75 billion pounds of ordinary shares.
The buyback would end no later than Dec. 31, 2019, the bank said in a statement.
“The sole purpose of the programme is to reduce the ordinary share capital of the company,” Lloyds said.
(Reporting by Huw Jones; editing by Simon Jessop)