{"id":81248,"date":"2017-05-17T06:12:47","date_gmt":"2017-05-17T06:12:47","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=ab3663e45f9a74602c62fe0ad50b06b3"},"modified":"2017-05-17T06:12:47","modified_gmt":"2017-05-17T06:12:47","slug":"news-story-government-shareholding-in-lloyds-banking-group-2","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=81248","title":{"rendered":"News story: Government shareholding in Lloyds Banking Group"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The trading plan announced in October 2016 has ended following the final sale of the government\u2019s shares in Lloyds Banking Group (Lloyds). As a result, Lloyds have informed the market this morning (17 May 2017) that the government is no longer a shareholder in the bank.<\/p>\n<p>The government acquired a 43% shareholding in Lloyds in 2009 following a \u00a320.3 billion intervention in the bank. Shares were sold through accelerated bookbuilds (<abbr title=\"accelerated bookbuilds\">ABBs<\/abbr>) in September 2013 and March 2014. <abbr title=\"accelerated bookbuilds\">ABBs<\/abbr> involve selling a large block of shares to institutional investors overnight.<\/p>\n<p>Additional shares were sold through two trading plans which ran from December 2014 to June 2016, and from October 2016 to May 2017. A trading plan involves drip-feeding shares into the market on a daily basis, over an extended period of time. In addition, the government has also received dividend payments in relation to its shareholding.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lloyds Banking Group has been fully returned to private ownership.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/81248"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81248"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/81248\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}