"We have now recovered over £20 billion for the taxpayer and are very close to recovering all of the money taxpayers injected into the bank"
The announcement comes less than three weeks after the previous sale, which reduced the government's shareholding to below 3%.
The latest sales, conducted via the trading plan, mean the government has now recovered over £20 billion of the £20.3 billion taxpayers injected into Lloyds during the financial crisis, once share sales and dividends received are accounted for.
The Economic Secretary to the Treasury, Simon Kirby, said: "I welcome this further progress in returning Lloyds to the private sector. We have now recovered over £20 billion for the taxpayer and are very close to recovering all of the money taxpayers injected into the bank during the financial crisis."
On 9 January 2017, the government announced it had passed a significant milestone in returning Lloyds to the private sector when it confirmed it was no longer the bank’s largest shareholder.
