Treasury plans £2bn retail Lloyds share sale next year

Government set to fully exit bank

The government has announced plans to begin a retail sale of Lloyds Banking Group shares next spring worth £2bn as it aims to fully exit its holdings.

At least £2bn of shares will be sold to retail investors and members of the public will be offered a discount of 5% of the market price, the Treasury has announced. An additional incentive will see a bonus share offered for every 10 shares held by retail investors for over a year. The value of the bonus share incentive will be capped at £200 per investor, and the Treasury said members of the public applying for investments of less than £1,000 will be prioritised. Potential investors can pre-register for the sale at www.gov.uk/lloydsshares, which will allow them to receive regular u...