RE: Buyback update31 Oct 2025 18:52
Grok ai not bad.
Lloyds Banking Group (which includes Lloyds Bank) offers eligible staff participation in the Sharematch scheme, a UK-approved all-employee share plan. Under this program, employees can contribute up to £45 per month from their pre-tax salary to buy Lloyds shares, and the company provides matching shares at a 1:1 ratio (up to the £45 limit). This effectively gives staff up to £45 worth of free shares per month as a benefit, provided they opt in and meet eligibility criteria (e.g., based on role, hours worked, and performance).
Key Details:
Number of shares: Not fixed, as it depends on the share price at purchase (typically monthly). For example:
At the current Lloyds share price of around 75p (as of late October 2025), £45 buys approximately 60 shares (£45 ÷ 0.75 = 60).
The matching portion would then add another ~60 shares, for a total of ~120 shares per month.
Eligibility: Available to most full- and part-time employees after a qualifying period; it's voluntary.
Other schemes: Staff may also access Sharesave (a 3- or 5-year savings plan with share options at a discount) or annual performance shares, but these aren't monthly.
Source: Official Lloyds Banking Group careers and benefits pages.
This is a common perk in UK banks to align employee and shareholder interests. If you're an employee, check your HR portal for personalized details, as schemes can vary slightly by role. If this isn't what you meant (e.g., total shares issued to all staff monthly), provide more context!
also tells me 62,000 staff. doesnt say how many take part. Quite a lot of shares each month.... but im still many millions out.. lol.