Lloyds shares interest tops Royal Mail
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).