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Lloyds Banking Group (NYSE: LYG) steps up August share buybacks

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Lloyds Banking Group plc (LYG) reports transactions in its own securities under existing share buyback programmes. Between 24 and 28 August 2026, the company repurchased multiple tranches of ordinary shares from Goldman Sachs International, at prices around 109–112 pence per share, and intends to cancel all shares bought.

Positive

  • None.

Negative

  • None.

Filing Explained

The August 28 filing clarifies that all shares bought from August 24 through August 28 were under the buyback announced January 30; the program announced July 31 recorded zero purchases, and the bought shares are intended for cancellation.

Ordinary shares repurchased 24/08/2026 8,000,000 shares Aggregate number of ordinary shares purchased under 30 January 2026 buyback
VWAP 24/08/2026 111.4481 pence per share Volume weighted average price paid under 30 January 2026 buyback
Ordinary shares repurchased 27/08/2026 17,073,868 shares Aggregate number of ordinary shares purchased under 30 January 2026 buyback
VWAP 27/08/2026 109.8050 pence per share Volume weighted average price paid under 30 January 2026 buyback
Ordinary shares repurchased 28/08/2026 25,031,102 shares Aggregate number of ordinary shares purchased under 30 January 2026 buyback
VWAP 28/08/2026 109.5478 pence per share Volume weighted average price paid under 30 January 2026 buyback
share buyback programme financial
"Such purchases form part of the Company's existing share buyback programmes"
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)"
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.
Foreign Private Issuer regulatory
"Report of Foreign Private Issuer Pursuant to Rule 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

FAQ

What did LYG announce in this Form 6-K on 28 August 2026?

Lloyds Banking Group plc announced that it repurchased additional ordinary shares between 24 and 28 August 2026 under its existing share buyback programmes with Goldman Sachs International, and that it intends to cancel all of the repurchased shares.

How many LYG shares were bought back on 24 August 2026?

On 24 August 2026, Lloyds Banking Group plc repurchased 8,000,000 ordinary shares under the 30 January 2026 share buyback programme, at a volume weighted average price of 111.4481 pence per share.

What was the largest single-day LYG repurchase in this update?

In this update, the largest single-day repurchase occurred on 28 August 2026, when Lloyds Banking Group plc bought 25,031,102 ordinary shares at a volume weighted average price of 109.5478 pence per share under the 30 January 2026 buyback programme.

Were any LYG shares repurchased under the 31 July 2026 programme during 24–28 August 2026?

No. For the period 24–28 August 2026, the table for the 31 July 2026 share buyback programme shows 0 ordinary shares purchased on each day and prices of 0.0000 pence for all columns.

What does LYG plan to do with the repurchased shares?

Lloyds Banking Group plc states that it intends to cancel all of the ordinary shares repurchased under the buyback programme, removing them from the share capital in issue.

Where can investors see detailed trade data for the LYG buyback?

The company refers to a schedule with a full breakdown of individual trades made by Goldman Sachs International on behalf of Lloyds Banking Group plc, available via a linked PDF at http://www.rns-pdf.londonstockexchange.com/rns/7021S_1-2026-8-28.pdf.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

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
 
 
 28 August 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, 28 August 2026
           reTransaction in Own Shares
 
28 August 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").
 
Such purchases form part of the Company's existing share buyback programmes and were effected pursuant to the instructions issued by the Company to the Broker, as announced on 30 January 2026 and 31 July 2026.
 
Purchases pursuant to the share buyback programme announced 30 January 2026
 
Date of purchase
Aggregate number of ordinary shares purchased (pence)
Highest price paid per share (pence)
Lowest price paid per share (pence)
Volume weighted average price paid per share (pence)
24/08/2026
8,000,000
111.9000
111.0000
111.4481
25/08/2026
8,000,000
112.3500
110.9000
111.6152
26/08/2026
9,000,000
112.1000
111.4000
111.7888
27/08/2026
17,073,868
112.1500
109.1500
109.8050
28/08/2026
25,031,102
110.0000
108.7500
109.5478
 
Purchases pursuant to the share buyback programme announced 31 July 2026
 
Date of purchase
Aggregate number of ordinary shares purchased (pence)
Highest price paid per share (pence)
Lowest price paid per share (pence)
Volume weighted average price paid per share (pence)
24/08/2026
0
0.0000
0.0000
0.0000
25/08/2026
0
0.0000
0.0000
0.0000
26/08/2026
0
0.0000
0.0000
0.0000
27/08/2026
0
0.0000
0.0000
0.0000
28/08/2026
0
0.0000
0.0000
0.0000
 
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/7021S_1-2026-8-28.pdf
 
- 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: 28 August 2026