Summary
A CHARITY at the centre of a funding row has defended its decision to spend nearly GBP9 million on shares in Lloyds Banking Group.
Lloyds TSB Foundation for Scotland, a charitable arm of Lloyds TSB , has taken advantage of the banking giant making available 22.9 million shares Lloyds Banking Group, which is part taxpayer- owned, made the discounted share offer because it wrongly excluded ts UK charitable foundations from its two previous fundraising rights issues announced in May and November, even though they held some 15.7 million shares in the bank.See the full content of this document
Extract
Foundation Defends Paying Lloyds Gbp9m for Shares
The move was reported to the London Stock Exchange yesterday, a day after the Lloyds TSB Foundation fo...
See the full content of this document
Sponsored links
