Lloyds shares in­ter­est tops Royal Mail

Midweek Sport - - NEWS -

MORE peo­ple ex­pressed an in­ter­est in buy­ing Lloyds Bank­ing Group shares in one day than in the en­tire two-week reg­is­tra­tion for Royal Mail shares, Trea­sury sources said yesterday.

The Gov­ern­ment an­nounced on Mon­day that it will of­fer at least £2 bil­lion worth of dis­counted shares in the tax­payer-backed bank to the public next spring.

With some an­a­lysts pre­dict­ing that peo­ple could earn £200 in a year from a £1,000 in­vest­ment, ini­tial de­mand has been mas­sive, with 62,500 ex­press­ing an in­ter­est by Mon­day night.

The Gov­ern­ment has al­ready re­vealed that any­one ap­ply­ing for less than £1,000 worth of shares will be pri­ori­tised in a bid to stop wealth­ier in­vestors snap­ping up the lot.

The shares are be­ing of­fered to the public at a dis­count of 5% on the mar­ket price, and suc­cess­ful buy­ers will also re­ceive one bonus share for ev­ery 10 pur­chased and held for a year (up to a max­i­mum ben­e­fit of £200).

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