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Lloyds Bank chief António Horta-Osório sets 61p share target to pay back the taxpayers’ £20 billion

Friday, March 1, 2013

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Lloyds Bank chief António Horta-Osório sets 61p share target to pay back the taxpayers' £20 billion
Mar 1st 2013, 12:53

The price target was revealed in chief executive António Horta-Osório's £1.5 million share bonus award announced today alongside Lloyds' loss of £570 million for 2012. But UKFI, the body which holds the taxpayers' 39% stake in Lloyds, said that it had not agreed any target sell-off price with the bank. A spokesman said: "Ultimately the decision on when to sell is the...
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