STOCK TITAN

Lloyds Banking Group (LYG) repurchases 24.7M shares in £1.75B buyback

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Lloyds Banking Group plc reported another day of activity under its existing share buyback programme. On 31 March 2026, the company repurchased 24,683,770 ordinary shares from Goldman Sachs International, paying between 91.2600 and 93.2600 pence per share, with a volume-weighted average price of 92.5327 pence.

The repurchased shares will be cancelled, reducing the overall share count. Since the buyback programme to repurchase up to £1.75 billion of ordinary shares began, Lloyds has bought 645,317,659 shares for a total consideration of 630,473,931.06, signalling substantial ongoing capital return to shareholders.

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Shares repurchased on 31 March 2026 24,683,770 shares Daily buyback volume from broker Goldman Sachs International
Highest price paid 93.2600 pence/share Daily buyback on 31 March 2026
Lowest price paid 91.2600 pence/share Daily buyback on 31 March 2026
Volume-weighted average price 92.5327 pence/share Blended price for 31 March 2026 repurchases
Buyback programme size £1.75 billion Maximum amount of ordinary shares targeted
Total shares repurchased to date 645,317,659 shares Cumulative buybacks since programme commencement
Total consideration to date 630,473,931.06 Aggregate cost of shares repurchased under programme
share buyback programme financial
"Since the commencement of the share buyback programme to repurchase up to £1.75 billion of ordinary shares"
A share buyback programme is when a company uses its cash to purchase its own shares from the market, reducing the number of shares available to other investors; imagine a bakery buying back coupons so fewer are circulating. It matters because cutting the share count can boost earnings per share and increase each remaining investor’s ownership stake, and it also signals management’s view of the stock while using cash that could have been spent on other priorities.
Volume weighted average price financial
"Volume weighted average price paid per share (pence) 92.5327"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
Market Abuse Regulation regulatory
"In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation)"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
Regulatory News Service Announcement regulatory
"Regulatory News Service Announcement, 31 March 2026 re: Transaction in Own Shares"

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 March 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 March 2026
           reTransaction in Own Shares
 
 
 
 
 
 
31 March 2026
 
TRANSACTIONS IN OWN SECURITIES
 
 
Lloyds Banking Group plc (the "Company") announces today that it has purchased the following number of its ordinary shares, from Goldman Sachs International (the "Broker").
 
Ordinary Shares
 
 
Date of purchases: 31 March 2026
 
Number of ordinary shares purchased: 24,683,770
 
Highest price paid per share (pence): 93.2600
 
Lowest price paid per share (pence): 91.2600
 
Volume weighted average price paid per share (pence): 92.5327
 
 
 
Such purchases form part of the Company's existing share buyback programme and were effected pursuant to the instructions issued to the Broker by the Company on 29 January 2026, as announced on 30 January 2026.
 
The Company intends to cancel these shares.
 
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (as such legislation forms part of assimilated law as defined in the EU (Withdrawal) Act 2018), a full breakdown of the individual trades made by the Broker on behalf of the Company as part of the buyback programme is set out in the Schedule to this announcement available through the link below:
 
http://www.rns-pdf.londonstockexchange.com/rns/9346Y_1-2026-3-31.pdf
 
 
Since the commencement of the share buyback programme to repurchase up to £1.75 billion of ordinary shares, as announced on 30 January 2026, the Company has purchased 645,317,659.00 ordinary shares for a consideration of 630,473,931.06.
 
 
 
- 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
 
 
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 March 2026

FAQ

What did Lloyds Banking Group (LYG) announce in this 6-K filing?

Lloyds Banking Group announced it bought 24,683,770 ordinary shares on 31 March 2026 as part of its ongoing share buyback programme. The shares were repurchased from Goldman Sachs International and are intended to be cancelled, reducing the company’s outstanding share count over time.

What prices did Lloyds (LYG) pay for the shares repurchased on 31 March 2026?

For the 31 March 2026 buyback, Lloyds paid a highest price of 93.2600 pence and a lowest price of 91.2600 pence per share. The volume-weighted average price was 92.5327 pence, reflecting the blended price across all shares bought that day.

How large is Lloyds Banking Group’s current share buyback programme?

Lloyds Banking Group is conducting a share buyback programme to repurchase up to £1.75 billion of its ordinary shares. This programme was previously announced and the latest purchases form part of that overall capital return to shareholders through reductions in the share count.

How many shares has Lloyds (LYG) repurchased so far under the buyback?

Since the start of the buyback programme, Lloyds has repurchased 645,317,659 ordinary shares. These shares have been bought for a total consideration of 630,473,931.06, representing a significant cumulative investment in reducing the company’s outstanding equity base.

What will Lloyds Banking Group do with the repurchased shares?

Lloyds Banking Group intends to cancel the 24,683,770 shares repurchased on 31 March 2026. Cancelling repurchased shares permanently removes them from circulation, which typically reduces the total number of shares outstanding and can increase each remaining share’s proportional ownership stake.

Who executed the share repurchases for Lloyds Banking Group on 31 March 2026?

The 24,683,770 ordinary shares were purchased from Goldman Sachs International, acting as the broker. The transactions were carried out under instructions Lloyds had issued to the broker and form part of the previously announced share buyback programme to repurchase up to £1.75 billion.