RE: block listing09 May 2022 14:19
This is the email I sent to the Shareholderquestions email yesterday: shareholderquestions@lloydsbanking.com>
Dear Darren Hemsley
It is clear that LBG has too many shares in the market compared to other banks, a clear hangover from the rights issues generated from the G.F.C and the questionable takeover over of HBOS anchoring the share price at these very depressed/depressing levels, correct me if I'm wrong?
The simple buyback program just launched and previous attempts of a buyback programme, combined with staff/management share incentives adding shares, will take decades to generate share price growth and put many shareholders, ex/employees back into a break even or even a profit. Many promises from Chief Execs/Directors/Board members and Chairman's have been broken.
What else has been considered to boast the share price? Is a reverse share split or any other share reduction mechanism been consider, Can you/the Board please disclose the mechanism's that have been considered, I'm sure there is time to collate and provide this detail in the half year results?
None of the above is beyond the ability of the Directors/Board of Lloyds Banking Group, if it is then Morgan Stanley can also advise on scenarios and provide this information to shareholders?