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Kiwi Toast

Lloyds Share Offer

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You've probably heard that the government is selling Lloyds shares next spring. They will be sold at a 5% discount to the market price. Also if you hold for a year you will get one extra for every ten you hold, up to a maximum of £200.

I think you can apply for up to £10,000, but investors applying for £1,000 or less will get priority.

Will you be applying? Why or why not? How much? Do you think it will be oversubscribed? Do you have any other thoughts about Lloyds?

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I would imagine that if the issue (well, resale) is oversubscribed the £10,000 limit will be bought down to accommodate everyone who wants a piece of the action (they want to spread the love). That is generally what happens. As I said I haven't looked into yet and not really sure how interested I am.

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