Source - RNS
RNS Number : 2402K
Lloyds Banking Group PLC
19 September 2016
 

19 September 2016

 

LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') AND PERSONS CLOSELY ASSOCIATED WITH THEM IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')

This announcement should be read in conjunction with the Summary Remuneration Announcement published on 25 February 2016 and disclosures in the 2015 Annual Report and Accounts published on 8 March 2016. The 2015 Annual Report and Accounts is available on the 'Annual Reports' page in the 'Investors & Performance' section of the Group's website www.lloydsbankinggroup.com.

 

Deferred Bonus Awards for 2012, 2013, 2014 and 2015 Performance

As announced on 25 February 2016, Deferred Bonus Awards are due to be released in 2016 which relate to performance in 2012, 2013, 2014 and 2015. In accordance with the Group's deferral policy, a proportion of the Shares are released over a period as set out at time of award, being received in tranches in March and September.

 

In this respect, the Group announces that on 16 September 2016, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received the number of Shares (for no payment) as set out by their name. The release on 16 September 2016 of tranches of the 2012 and 2013 Deferred Bonus Awards incorporates performance adjustments following the Group's settlement with the FCA with regard to aspects of its Payment Protection Insurance (PPI) complaint handling process during the period March 2012 to May 2013 as announced on 5 June 2015.

 

 

Name

2012

2013

2014

2015

Juan Colombás

44,355

277,981

-

-

George Culmer

-

295,534

-

-

Andrew Bester

67,741

53,305

33,153

50,506

Karin Cook

-

17,357

14,918

35,654

Antonio Lorenzo

37,634

47,034

28,664

87,242

Vim Maru

-

23,927

28,512

52,978

Zak Mian

-

-

7,209

48,295

David Oldfield

21,690

19,854

18,363

46,239

Matt Young

47,490

43,470

23,921

65,094

 

António Horta-Osório's annual bonus awards for 2012, 2013 and 2014 performance are subject to additional conditions including deferral for five years and accordingly will not be released in 2016. Juan Colombás and George Culmer's annual bonus awards for 2014 are subject to deferral until at least March 2017 and the annual bonus awards for 2015 performance for António Horta-Osório, Juan Colombás and George Culmer are subject to deferral until at least March 2018 and accordingly will not be released in 2016. 

 

Group Chief Executive Acquisition of Shares

As described in the Summary Remuneration Announcement, the Group Chief Executive's 4 per cent additional increase in base salary is delivered monthly in Shares and the Shares will be held until the Government has sold its shareholding in the Group.

 

In this respect, the Group announces that, after the settlement of income tax liabilities and National Insurance contributions, 3,330 Shares were acquired on 16 September 2016 on behalf of António Horta-Osório in respect of his September 2016 salary. The acquisition price was 56.73 pence per Share. 

 

 

 

Fixed Share Awards

This announcement details the number of Shares acquired by PDMRs in respect of the third quarter of 2016 under the Group's Fixed Share Award, as described in the Summary Remuneration Announcement. In this respect, the Group announces that, after the settlement of income tax liabilities and National Insurance contributions, Shares were acquired on 16 September 2016 on behalf of the PDMRs as listed in the table below. The acquisition price was 56.73 pence per Share. 

 

The Shares will be held on behalf of the PDMRs and will be released over five years, with 20 per cent being released each year on the anniversary of the award.

 

 

Name

Shares

António Horta-Osório

210,206

Juan Colombás

116,080

George Culmer

117,715

Andrew Bester

114,445

Karin Cook

94,826

Simon Davies

114,445

Antonio Lorenzo

116,734

Vim Maru

94,826

Zak Mian

17,517

David Oldfield

106,270

Matt Young

81,746

 

Share Disposals

The Group announces the disposal of Shares by PDMRs as set out below:

 

Name of PDMR

Number of Shares Sold

Price Per Share

Transaction date

Andrew Bester

360,933

56.30 pence

16 September 2016


239,067

56.642 pence

16 September 2016

David Oldfield

106,146

56.65 pence

16 September 2016

 

Transfer of shares

The Group announces that Karin Cook, a PDMR, transferred 56,754, Shares to her husband, Timothy Cook, a person closely associated with her, on 16 September 2016, who acquired the Shares for nil consideration.

 

Sharesave

The Group announces that in order to participate, along with other PDMRs, in the current 2016 Sharesave offer, Juan Colombás and Zak Mian, both PDMRs, have each cancelled, on 15 September 2016 and 17 September 2016 respectively, their savings contracts from an earlier Sharesave.  Accordingly their options over 29,990 Shares granted under the Group's Sharesave Scheme, an all-employee share plan, on 2 October 2014 at 60.02 pence per Share have lapsed.   Details of the number of options to be awarded to PDMRs under the 2016 Sharesave will be announced when the options are granted.

 

Shareholding Requirement

Following these transactions, all Executive Directors and Members of the Group Executive Committee continue to comply with the Group's shareholding policy requirements.

 

 

 

 

ENQUIRIES:

Investor Relations

Douglas Radcliffe

Group Investor Relations Director

Email: douglas.radcliffe@finance.lloydsbanking.com

 

Group Corporate Affairs

Matt Smith

Head of Corporate Media

Email: [email protected]

 

 

+44 (0) 20 7356 1571

 

 

 

 

 

+44 (0) 20 7356 3522

 

The following notifications, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details.  

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

António Horta-Osório

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Chief Executive

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1. Acquisition of Shares at GBP 00.5673 each.  As described in the Summary Remuneration Announcement, the Group Chief Executive's 4 per cent additional increase in base salary is delivered monthly in Shares and the Shares will be held until the Government has sold its shareholding in the Group.

2. Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

c)

 

Price(s) and volume(s)

 

 

1

Acquisition of Shares

 

2

Fixed Share Award

 

 

Price(s)

Volume(s)

GBP 00.5673

3,330

GBP 00.5673

 

210,206

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

213,536

 

GBP 00.5673

 

e)

 

Date of the transaction

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Juan Colombás

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Risk Officer

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 2. Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

3.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

c)

 

Price(s) and volume(s)

 

 

1

2012 Deferred Bonus Award

2

2013 Deferred Bonus Award

3

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

44,355

 

GBP 00.5673

277,981

GBP 00.5673

116,080

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

438,416

 

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

 

Identification code

 

Options over Ordinary Shares of 10p each

granted on 2 October 2014 at GBP 00.6002 per Share under the Lloyds Banking Group Sharesave Scheme 2007, an all-employee  share plan.

 

N/A

b)

 

Nature of the transaction

 

 

Juan Colombás cancelled his savings contract in connection with the options granted to him under the Group's Sharesave Scheme on 2 October 2014 at GBP 00.6002 per Share and therefore his option over 29,990 Shares has lapsed.

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.6002

29,990

 

d)

 

Aggregated information

 

 

N/A

e)

 

Date of the transaction

 

15 September 2016

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

George Culmer

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1.  Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

2.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

c)

 

Price(s) and volume(s)

 

 

1

2013 Deferred Bonus Award

2

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

295,534

 

GBP 00.5673

117,715

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

413,249

 

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Andrew Bester

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Director & Chief Executive, Commercial Banking

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 4 Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

5.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

c)

 

Price(s) and volume(s)

 

 

1

2012 Deferred Bonus Award

2

2013 Deferred Bonus Award

3

2014 Deferred Bonus Award

4

2015 Deferred Bonus Award

5

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

67,741

 

GBP 00.5673

53,305

GBP 00.5673

33,153

GBP 00.5673

50,506

GBP 00.5673

114,445

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

319,150

 

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

Disposal of Shares

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.566420

239,067

GBP 00.563000

360,933

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

600,000

GBP 00.564363

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Karin Cook

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Director Operations

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 3 Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

4.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

 

c)

 

Price(s) and volume(s)

 

 

1

2013 Deferred Bonus Award

2

2014 Deferred Bonus Award

3

2015 Deferred Bonus Award

4

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

17,357

 

GBP 00.5673

14,918

GBP 00.5673

35,654

GBP 00.5673

94,826

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

162,755

 

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

Transfer of Shares to her husband, Timothy Cook, a person closely associated, who acquired the Shares for nil consideration.

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.5673

56,754

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

N/A

 

 

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Timothy Cook

2

 

Reason for the notification

 

a)

 

Position/status

 

A person closely associated with Karin Cook, a PDMR

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

Acquisition of Shares for nil consideration from his wife, Karin Cook, a PDMR.

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.5673

56,754

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Simon Davies

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief People, Legal and Strategy Officer

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

 

c)

 

Price(s) and volume(s)

 

 

1

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

114,445

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

 

 

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Antonio Lorenzo

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive, Scottish Widows and Group Director, Insurance

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 4 Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

5.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

c)

 

Price(s) and volume(s)

 

 

1

2012 Deferred Bonus Award

2

2013 Deferred Bonus Award

3

2014 Deferred Bonus Award

4

2015 Deferred Bonus Award

5

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

37,634

 

GBP 00.5673

47,034

GBP 00.5673

28,664

GBP 00.5673

87,242

GBP 00.5673

116,734

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

317,308

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Vim Maru

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Director, Group Customer Products & Marketing

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 3 Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

4.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

c)

 

Price(s) and volume(s)

 

 

1

2013 Deferred Bonus Award

2

2014Deferred Bonus Award

3

2015 Deferred Bonus Award

4

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

23,927

 

GBP 00.5673

28,512

GBP 00.5673

52,978

GBP 00.5673

 

94,826

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

200,243

GBP 00.5673

 

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

David Oldfield

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Director, Retail and Consumer Finance

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 4 Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

5.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

 

c)

 

Price(s) and volume(s)

 

 

1

2012 Deferred Bonus Award

2

2013 Deferred Bonus Award

3

2014 Deferred Bonus Award

4

2015 Deferred Bonus Award

5

Fixed Share Award

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.5673

21,690

 

GBP 00.5673

19,854

GBP 00.5673

18,363

GBP 00.5673

46,239

GBP 00.5673

 

106,270

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

212,416

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

Disposal of Shares

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.5665

106,146

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

N/A

 

 

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Matt Young

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Corporate Affairs Director

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 4 Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

5.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

 

c)

 

Price(s) and volume(s)

 

 

1

2012 Deferred Bonus Award

2

2013 Deferred Bonus Award

3

2014 Deferred Bonus Award

4

2015 Deferred Bonus Award

5

Fixed Share Award

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.5673

47,490

 

GBP 00.5673

43,470

GBP 00.5673

23,921

GBP 00.5673

65,094

GBP 00.5673

 

81,746

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

261,721

 

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Zak Mian

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Director, Digital

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Lloyds Banking Group plc

b)

 

LEI

 

549300PPXHEU2JF0AM85

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

 

Nature of the transaction

 

 

1 - 2 Acquisition of Shares for nil consideration following the release of Deferred Bonus Awards under the Group's Deferred Bonus Plan.

3.  Acquisition of Shares at GBP 00.5673 each in respect of the third quarter of 2016 under the Group's Fixed Share Award.

c)

 

Price(s) and volume(s)

 

 

1

2014 Deferred Bonus Award

2

2015 Deferred Bonus Award

3

Fixed Share Award

 

 

Price(s)

 

Volume(s)

GBP 00.5673

7,209

GBP 00.5673

48,295

GBP 00.5673

 

17,517

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

73,021

 

GBP 00.5673

e)

 

Date of the transaction

 

16 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

 

Identification code

 

Options over Ordinary Shares of 10p each

granted on 2 October 2014 at GBP 00.6002 per Share under the Lloyds Banking Group Sharesave Scheme 2007, an all-employee  share plan.

 

N/A

b)

 

Nature of the transaction

 

 

Zak Mian cancelled his savings contract in connection with the options granted to him under the Group's Sharesave Scheme on 2 October 2014 at GBP 00.6002 per Share and therefore his option over 29,990 Shares has lapsed.

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

 

Volume(s)

GBP 00.6002

29,990

 

d)

 

Aggregated information

 

 

N/A

e)

 

Date of the transaction

 

17 September 2016

f)

 

Place of the transaction

 

Outside a trading venue

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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