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Lloyds: Government to sell £2 billion stake to public

Plans to sell shares worth at least £2bn in Lloyds to private investors have been announced by the government.

 

LLOYDS BANK UK

 

The Treasury said that the government would sell its remaining 12% stake in the bank in the coming months.

As part of this, a sale aimed at private investors will be launched next spring.

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Members of the public will be offered a 5% discount to Lloyds’ market price and small investors seeking shares worth less than £1, 000 will get priority.

Those who keep their shares for at least 12 months will get one bonus share for every 10 they own.

 

Read the full story at the BBC

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