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Water Hall sells 852,690 Lloyds Banking shares

By BFN News | 04:18 PM | Friday 28 May, 2010

Waste management firm Water Hall has sold 852,690 Lloyds Banking Group ordinary shares at 57.955p apiece. Water Hall remains interested in 800,000 ordinary shares. The gross sale proceeds of £494,176.49 will contribute to the tender offer made by Religare Capital Markets (UK) Limited on behalf of Water Hall for up to 104,511,925 ordinary shares of Petards Group plc, announced yesterday (27 May). Chairman Raschid Abdullah said: "This sale allows Water Hall to free up funds for the development of the company while still maintaining an ongoing interest in the performance of Lloyds shares." Story provided by Business Financial Newswire

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