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Lloyds Banking Group plans block listing of 285 million shares

Published 05/20/2025, 09:03 AM
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LLOY
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LONDON - Lloyds Banking Group (LON:LLOY) PLC has announced its application for a block listing of 285 million ordinary shares, which will be admitted to the London Stock Exchange (LON:LSEG) and included on the Official List. This move, dated May 20, 2025, is aligned with the fulfillment of the company’s obligations under various employee incentive plans.

The shares, each with a nominal value of 10p, will be allocated to several company schemes: 225 million shares for the Lloyds Banking Group Deferred Bonus Plan 2021, 20 million shares for the Lloyds Banking Group Long Term Share Plan 2020, 20 million shares for the Lloyds Banking Group Share Incentive Plan, and 20 million shares for the Lloyds Banking Group Sharesave Scheme 2017.

Upon issuance, these shares will trade on the London Stock Exchange and are expected to be admitted on May 22, 2025. They will rank equally with the existing issued ordinary shares of Lloyds Banking Group.

This strategic move is a standard procedure for companies to facilitate the issuance of shares under employee incentive programs. It is a common practice in the corporate world to reward and motivate employees through share-based compensation plans, which often align the interests of the employees with those of the shareholders.

The block listing will ensure that the company has the shares readily available to meet its obligations under the plans without the need for immediate disclosure each time shares are allotted to employees.

This information is based on a press release statement and is intended to provide shareholders and the market with the details of the new share listings and their purpose.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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