Shareholders back Lloyds' record cash call

Shareholders overwhelmingly voted in favour of Lloyds Banking Group’s UK record £13.5bn (€14.8bn) cash call today.

Thu, 26 Nov, 2009 - 15:40

Shareholders overwhelmingly voted in favour of Lloyds Banking Group’s UK record £13.5bn (€14.8bn) cash call today.

The vote – at a general meeting at Birmingham’s NEC – will allow the part-nationalised bank to complete a £22.5bn (€24.7bn) fundraising to sidestep the Government’s toxic asset protection scheme (APS).

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