SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16a
of the Securities Exchange Act of 1934
31
July 2026
LLOYDS BANKING GROUP plc
(Translation
of registrant's name into English)
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F..X.. Form 40-F
Index
to Exhibits
Item
No.
1 Regulatory News Service Announcement, 31 July 2026
re: Commencement
of H2 Share Buyback Programme
31st July 2026
LLOYDS BANKING GROUP COMMENCES SHARE BUYBACK PROGRAMME
Lloyds Banking Group plc (the "Company") is today launching a share
buyback programme to repurchase up to £1
billion of
ordinary shares. The Company previously announced its intention to
commence the programme on 30
July 2026.
The Company has entered into an agreement with Goldman
Sachs International (the
"Broker") to conduct the share buyback programme on its behalf and
to make trading decisions under the programme independently of the
Company. Under the terms of the programme, the maximum
consideration is £1 billion. The programme will end no later
than 27
January 2027. The sole purpose of the programme is to reduce the
ordinary share capital of the Company.
The Broker will purchase the Company's ordinary shares as principal
and sell them on to the Company in accordance with the terms of
their engagement. The Company intends to cancel the shares it
purchases through the programme.
Any purchases of ordinary shares by the Company in relation to this
announcement will be made in accordance with certain pre-set
parameters set out in the terms of the Broker's engagement, the
general authority of the Company to repurchase shares granted by
shareholders at the Company's annual general meeting held on 14 May
2026 (which permits the Company to purchase no more than
5,883,850,928 of the Company's ordinary shares), the EU Market
Abuse Regulation (596/2014), the Commission Delegated Regulation
(2016/1052), in each case as such legislation forms part of
assimilated law (as defined in the EU (Withdrawal) Act 2018), and
Chapter 9 of the Financial Conduct Authority's UK Listing Rules.
The buyback is subject to the continuing approval of the Prudential
Regulatory Authority.
For the avoidance of doubt, no repurchases will be made in the
United States or in respect of the Company's American Depositary
Receipts.
The Company intends to change the frequency of its share buyback
reporting to reflect amendments made by the Financial Conduct
Authority to UKLR 9.6.6R. From the week commencing 3 August 2026,
the Company will report at the end of each week on the daily share
buyback activity under the buyback programmes
announced on 30 January 2026 and 31 July 2026.
- END -
For further information:
Investor Relations
Douglas Radcliffe
+44 (0)20 7356 1571
Group Investor Relations Director
douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith
+44 (0)20 7356 3522
Head of Media Relations
matt.smith@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This document contains certain forward-looking statements within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, and section 27A of the US Securities Act of 1933,
as amended, with respect to the business, strategy, plans and/or
results of Lloyds Banking Group plc together with its subsidiaries
(the Group) and its current goals and expectations. Statements that
are not historical or current facts, including statements about the
Group's or its directors' and/or management's beliefs and
expectations, are forward-looking statements. Words such as,
without limitation, 'believes', 'achieves', 'anticipates',
'estimates', 'expects', 'targets', 'should', 'intends', 'aims',
'projects', 'plans', 'potential', 'will', 'would', 'could',
'considered', 'likely', 'may', 'seek', 'estimate', 'probability',
'goal', 'objective', 'deliver', 'endeavour', 'prospects',
'optimistic' and similar expressions or variations on these
expressions are intended to identify forward-looking statements.
These statements concern or may affect future matters, including
but not limited to: projections or expectations of the Group's
future financial position, including profit attributable to
shareholders, provisions, economic profit, dividends, capital
structure, portfolios, net interest margin, capital ratios,
liquidity, risk-weighted assets (RWAs), expenditures or any other
financial items or ratios; litigation, regulatory and governmental
investigations; the Group's future financial performance; the level
and extent of future impairments and write-downs; the Group's ESG
targets and/or commitments; statements of plans, objectives or
goals of the Group or its management and other statements that are
not historical fact and statements of assumptions underlying such
statements. By their nature, forward-looking statements involve
risk and uncertainty because they relate to events and depend upon
circumstances that will or may occur in the future.
Factors that could cause actual business, strategy, targets, plans
and/or results (including but not limited to the payment of
dividends) to differ materially from forward-looking statements
include, but are not limited to: general economic and business
conditions in the UK and internationally (including in relation to
tariffs); imposed and threatened tariffs and changes to global
trade policies; acts of hostility or terrorism and responses to
those acts, or other such events; geopolitical unpredictability;
the war between Russia and Ukraine; the escalation of conflicts in
the Middle East; the tensions between China and Taiwan; political
instability including as a result of any UK general election;
market related risks, trends and developments; changes in client
and consumer behaviour and demand; exposure to counterparty risk;
the ability to access sufficient sources of capital, liquidity and
funding when required; changes to the Group's credit ratings;
fluctuations in interest rates, inflation, exchange rates, stock
markets and currencies; volatility in credit markets; volatility in
the price of the Group's securities; natural pandemic and other
disasters; risks concerning borrower and counterparty credit
quality; risks affecting insurance business and defined benefit
pension schemes; changes in laws, regulations, practices and
accounting standards or taxation; changes to regulatory capital or
liquidity requirements and similar contingencies; the policies and
actions of governmental or regulatory authorities or courts
together with any resulting impact on the future structure of the
Group; risks associated with the Group's compliance with a wide
range of laws and regulations; assessment related to resolution
planning requirements; risks related to regulatory actions which
may be taken in the event of a bank or Group failure; exposure to
legal, regulatory or competition proceedings, investigations or
complaints; failure to comply with anti-money laundering, counter
terrorist financing, anti-bribery and sanctions regulations;
failure to prevent or detect any illegal or improper activities;
operational risks including risks as a result of the failure of
third party suppliers; conduct risk; risks
related to new and emerging technologies, including artificial
intelligence; technological changes and risks to the security of IT
and operational infrastructure, systems, data and information
resulting from increased threat of cyber and other attacks;
technological failure; inadequate or failed internal or external
processes or systems; risks relating to ESG matters, such as
climate change (and achieving climate change ambitions) and
decarbonisation, including the Group's ability along with the
government and other stakeholders to measure, manage and mitigate
the impacts of climate change effectively, and human rights issues;
the impact of competitive conditions; failure to attract, retain
and develop high calibre talent; the ability to achieve strategic
objectives; the ability to derive cost savings and other benefits
including, but without limitation, as a result of any acquisitions,
disposals and other strategic transactions; inability to capture
accurately the expected value from acquisitions; assumptions and
estimates that form the basis of the Group's financial statements;
and potential changes in dividend policy. A number of these
influences and factors are beyond the Group's control. Please refer
to the latest Annual Report on Form 20-F filed by Lloyds Banking
Group plc with the US Securities and Exchange Commission (the SEC),
which is available on the SEC's website at www.sec.gov, for a
discussion of certain factors and risks. Lloyds Banking Group plc
may also make or disclose written and/or oral forward-looking
statements in other written materials and in oral statements made
by the directors, officers or employees of Lloyds Banking Group plc
to third parties, including financial analysts. Except as required
by any applicable law or regulation, the forward-looking statements
contained in this document are made as of today's date, and the
Group expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained in this document whether as a result of new information,
future events or otherwise. The information, statements and
opinions contained in this document do not constitute a public
offer under any applicable law or an offer to sell any securities
or financial instruments or any advice or recommendation with
respect to such securities or financial
instruments.
Goldman Sachs International is acting on behalf of the Group in
relation to the programme and no-one else and will not be
responsible to anyone other than the Group for providing the
protections offered to clients of Goldman Sachs International nor
for providing advice in relation to such programme.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
LLOYDS
BANKING GROUP plc
(Registrant)
By: Douglas
Radcliffe
Name: Douglas
Radcliffe
Title: Group
Investor Relations Director
Date: 31
July 2026
