The government has announced it will begin selling off its £2bn of shares in Lloyds Banking Group to the general public next spring, as it aims to fully exit its holdings.
Members of the public will be offered a discount of 5% of the market price, the Treasury said. As an additional incentive to long term holders, investors will get a bonus share for every ten 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 updates. Earlier this year, Prime Minist...
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