Lloyds outlines details of record rights issue

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Lloyds outlines details of record rights issue

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11-24-2009, 10:22 AM

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Lloyds outlines details of record rights issue

Lloyds Banking Group has today embarked on the biggest rights issue on record by asking shareholders to buy 1.34 new Lloyds shares for each one they already own. The rights issue price of 37p is slightly higher than expected but still heavily discounted at 59.5% on Monday’s closing price of 91.47p. According to Lloyds, the average [...]

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