Director/PDMR Shareholding

RNS Number : 7538Q

Lloyds Banking Group PLC

03 September 2014

 

3 September 2014

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

As previously announced, the deferred bonus awards for 2010, 2011, 2012 and 2013 performance would vest in tranches over the period September 2011 to September 2017 and be released in Shares.

In this respect, the Group announces that on 2 September 2014, after the settlement of income tax and national insurance contributions, the PDMRs 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
Andrew Bester	188,151
Alison Brittain	432,798
Juan Colombás	231,604
António Lorenzo	357,284
David Nicholson	88,494
David Oldfield	118,122
Miguel-Ángel Rodríguez-Sola	237,239
Toby Strauss	128,049
Matt Young	191,447

David Oldfield sold the 118,122 Shares released to him at 75.9259 pence per Share.

Mr Horta-Osório waived his right to be considered for a bonus in 2011.  His conditional bonus awards for 2012 and 2013 performance are subject to deferral for five years and accordingly do not vest in 2014.   The conditional bonus award to Mr Culmer for 2012 performance and to Mr Colombás and Mr Culmer for 2013 performance are subject to deferral until 2015 and 2016 respectively and accordingly do not vest in 2014.  

This disclosure is made pursuant to the Financial Conduct Authority's Disclosure and Transparency Rule 3.1.4.  The transactions took place in the UK and the Shares are listed on the London Stock Exchange.

ENQUIRIES:

Investor Relations

Douglas Radcliffe                                                                   [phone]

Head of Operations & Reporting

Email: [e-mail]

Group Corporate Affairs

Andrew Swailes                                                                      [phone]

Media Relations Manager, Corporate

Email: [e-mail]

 

END

 

 

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