Director/PDMR Shareholding

RNS Number : 9009X

Lloyds Banking Group PLC

02 September 2015

 

2 September 2015

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")

In accordance with previous disclosures made by the Group, highlighted in our summary remuneration announcement dated 27 February 2015, Deferred Bonus Awards for 2011, 2012, 2013 and 2014 performance vest in tranches over the period September 2012 to September 2018 and are released in Shares.

In this respect, the Group announces that on 2 September 2015, after the settlement of income tax liabilities 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.

The release today of tranches of the 2012 and 2013 Deferred Bonus Awards incorporates performance adjustments following the Group's settlement as announced on 5 June 2015.

Name	Shares
Juan Colombás1	162,436
George Culmer1	357,526
Andrew Bester	187,354
Karin Cook	105,215
Antonio Lorenzo	260,079
Vim Maru	111,589
David Oldfield	95,281
Miguel-Ángel Rodríguez-Sola	243,830
Toby Strauss	52,896
Matt Young	181,213

¹ The 2012 Deferred Bonus Award was awarded to Juan Colombás before he joined the Board as an Executive Director in November 2013 and accordingly vests in tranches from 2013 to 2016.  The 2012 Deferred Bonus Award for George Culmer vests in two tranches in 2015.

Mr Horta-Osório waived his right to be considered for a bonus in 2011.  His 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 2015. Juan Colombás and George Culmer's annual bonus awards for 2013 and 2014 performance are subject to deferral until at least March 2016 and 2017 respectively and accordingly do not vest in 2015. 

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

These disclosures are 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]

Investor Relations Director

Email: [e-mail]

Group Corporate Affairs

Matt Smith                                                                               [phone]

Head of Corporate Media

Email: [e-mail]

 

END

 

 

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