Director/PDMR Shareholding

RNS Number : 4888L

Lloyds Banking Group PLC

04 September 2012

 



                                                                                                                                   4 September 2012

LLOYDS BANKING GROUP PLC ("GROUP") - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ("SHARES")

Deferred Bonus Awards for 2010 & 2011 Performance

The Group announced on 30 March 2011 and 9 March 2012 that part of the deferred bonus awards for 2010 and 2011 granted under the Lloyds Banking Group Deferred Bonus Plan 2008 would vest in September 2012 and be released in Shares.

In this respect, the Group announces that on 3 September 2012 after the settlement of income tax and national insurance contributions, members of the Group Executive Committee listed in the table below received the number of Shares as set out by their name. The Shares were acquired for nil consideration. 

Name	Shares awarded March 2011	Shares awarded March 2012
A Brittain	-	289,771
J Colombás	22,475	213,878
M Fisher	84,483	248,375
A Lorenzo	46,236	213,878
D Nicholson	12,201	114,528
M Young	-	215,948

The Group further announces that on 3 September Mark Fisher sold 166,429 Shares at 33.3394 pence per Share.

Long Term Incentive Plan - 2012 Awards

Conditional share awards were made today under the Group's Long Term Incentive Plan as detailed below.  The shares under the awards will only vest in 2015 subject to the satisfaction of stretching performance conditions over a three year period.    The awards are based on a share price of 34.786 pence.

Name	Maximum number of shares awarded
M G Culmer	4,657,045
C Turner	4,204,277

This announcement is made pursuant to Disclosure and Transparency Rule 3.1.4.  The transactions took place in the UK and the Shares are listed on the London Stock Exchange.

For further information:

Corporate Affairs

Sarah Swailes                                                                                     [phone]

Group Media Relations                                  

Email: [e-mail]  

Investor Relations

Charles King                                                                                       [phone]

Director of Investor Relations

Email: [e-mail] 

 

END

 

 

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