Lloyds Banking Group issues £13.5bn rights issue
Share
Lloyds Banking Group has launched the £13.5bn rights issue with new shares offered at 37p a share.
The issue price represents a discount of 59.5% on Lloyds Banking Group’s share price on November 23 2009 and is the UK’s largest ever rights issue.
The new shares will represent 57.3% of the enlarged share capital of Lloyds Banking Group immediately following completion of the rights issue and share subdivision.
