{"id":506,"date":"2014-03-28T08:55:36","date_gmt":"2014-03-28T08:55:36","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=506"},"modified":"2014-03-28T09:03:04","modified_gmt":"2014-03-28T09:03:04","slug":"lloyds-banking-group-hm-government-sale-of-7-78-in-the-group","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=506","title":{"rendered":"Lloyds Banking Group: HM Government sale of 7.78% in the group"},"content":{"rendered":"<p>On Wed 26th March 2014, HM Government <strong>sold shares worth \u00a34.2bn of Lloyds Banking Group plc which equates to 7.78% of the Company<\/strong>.<\/p>\n<p>UK Financial Investments which oversees the shareholdings in RBS and Lloyds Banking Group sold the shares to raise cash for HM Government<\/p>\n<p>[<a title=\"HM Government Press Release\" href=\"http:\/\/www.ukfi.co.uk\/releases\/20140326_lloyds%20pricing%20announcement.pdf\" target=\"_blank\">http:\/\/www.ukfi.co.uk\/releases\/20140326_lloyds%20pricing%20announcement.pdf<\/a>]<\/p>\n<p>It managed to achieve a sale price of \u00a30.755 per share. HM Government has now reduced its holding from 23,326,529,533 ordinary shares to 17,771,118,604 ordinary shares.<\/p>\n<p>HM Government shareholding will be reduced to <strong>24.9%<\/strong>. Thus still nearly owning a quarter of the company.<\/p>\n<p>With the shareprice of \u00a30.75 today on Friday 28th March 2014:<\/p>\n<p>17,771,118,604 x \u00a30.75 = <strong>\u00a313,328,338,953.<\/strong><br \/>\nHM Government&#8217;s stake of <strong>24.9% is worth about \u00a313 Billion<\/strong>, approximately what the government borrow each month to fund the budget deficit.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wed 26th March 2014, HM Government sold shares worth \u00a34.2bn of Lloyds Banking Group plc which equates to 7.78% of the Company. UK Financial Investments which oversees the shareholdings in RBS and Lloyds Banking Group sold the shares to raise cash for HM Government [http:\/\/www.ukfi.co.uk\/releases\/20140326_lloyds%20pricing%20announcement.pdf] It managed to achieve a sale price of \u00a30.755 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-506","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=506"}],"version-history":[{"count":5,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/506\/revisions"}],"predecessor-version":[{"id":511,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/506\/revisions\/511"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}