Lloyds Banking Group (LON: LLOY) Repurchases Nearly 99 Million Shares Through Goldman Sachs In Active Buyback Push

Lloyds Banking Group (LON: LLOY) confirmed on October 9, 2026, that it had purchased 98,692,714 ordinary shares under its existing share buyback program.

The purchases were executed through Goldman Sachs International, with the bank stating its intention to cancel all repurchased shares following completion of the program.

Daily purchase disclosures covered the period from October 5 through October 9, 2026, revealing consistent buyback activity across the full trading week.

Volume-weighted average prices across the disclosed period ranged from a low of 100.8717 pence on October 8 to a high of 105.2243 pence on October 6.

On October 9 alone, Lloyds repurchased 8 million shares at a volume-weighted average price of 101.5125 pence, representing a significant single-day allocation within the broader program.

The disclosure was published through an RNS announcement via Investegate, in line with standard regulatory reporting requirements for London-listed companies conducting share repurchases.

By 7:49 a.m. CEST on October 12, Lloyds shares were trading at EUR 1.21 on Lang & Schwarz, a gain of 0.58 percent against the Xetra close of EUR 1.203 recorded on October 9.

The bid price at that pre-session point stood at EUR 1.21, with the ask quoted at EUR 1.22, suggesting steady early demand ahead of the main Xetra session opening.

The instrument is identified under ISIN GB0008706128, with Xetra pricing data anchored to the October 9, 2026, close as the relevant reference point for the pre-market comparison.

Share cancellations following buybacks are a common mechanism used by large banks to reduce outstanding share count, which can have the effect of increasing earnings per share over time.

Lloyds has been among the more active FTSE 100 constituents in returning capital to shareholders through structured repurchase programs in the current financial year.

The scale of the disclosed repurchase, nearly 99 million shares across a single weekly disclosure window, underscores the pace at which Lloyds is executing its capital return strategy.