Director/PDMR Shareholding

RNS Number : 2250B

Lloyds Banking Group PLC

31 March 2017

 

31 March 2017

LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')

Exercise of options to acquire Shares 

Simon Davies, a PDMR, acquired 245,218 Shares, following the exercise of a share buyout award (for nil consideration) on 31 March 2017. The award was granted and announced in March 2016 for the loss of benefits forfeited as a result of his departure from Linklaters LLP.  Simon Davies has retained all the Shares apart from 115,659 Shares which were sold (at 66.16 pence per Share) to meet income tax and national insurance contributions arising from the acquisition.

Following the acquisition of Shares, Simon Davies (and persons closely associated) holds 657,947 Shares, including Shares subject to holding periods of up to a further two years post vesting, and continues to comply with the Group's shareholding policy requirements.

ENQUIRIES:

Investor Relations Douglas Radcliffe Group Investor Relations Director Email: [e-mail] Group Corporate Affairs Matt Smith Head of Corporate Media Email: [e-mail]

[phone] [phone]

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	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	Acquisition of Shares following the exercise of a share award (Gross) before sale of Shares for income tax and NICs.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.0000	245,218
d)	Aggregated information - Aggregated volume - Price	N/A (Single transaction)
e)	Date of the transaction	31 March 2017
f)	Place of the transaction	Outside a trading venue
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 on behalf of PDMR to meet income tax and national insurance contributions due on the exercise of share award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.6616	115,659
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	31 March 2017
f)	Place of the transaction	London Stock Exchange (XLON)

 

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