Director/PDMR Shareholding

RNS Number : 4924P
Lloyds Banking Group PLC
17 November 2016
 

17 November 2016

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

 

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, 3,069 Shares were acquired on 16 November 2016 on behalf of António Horta-Osório in respect of his November 2016 salary. The acquisition price was 61.55 pence per Share. 

 

Exercise of Sharesave Option

Andrew Bester, a PDMR, acquired 22,156 Shares at 40.62 pence per Share on 17 November 2016 following the exercise of an option under the Group's Sharesave Scheme.

 

Share Disposals

The Group announces the sale of Shares by PDMRs as set out below. Following the sale of Shares, the PDMRs continue to comply with the Group's shareholding policy requirements and hold Shares as set out below, including Shares subject to holding periods of up to a further two years post vesting.  

 

Name of PDMR

Number of Shares Sold

Price Per Share

Transaction date

Number of Shares held by the PDMR (and persons closely associated)

following the sale

Andrew Bester

299,656

100,344

22,156

61.42 pence

61.50 pence

59.81 pence

15 November 2016

15 November 2016

17 November 2016

 

 

2,778,825

Matt Young

1,400,000

60.94 pence

16 November 2016

2,274,110

 

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: matt.smith@lloydsbanking.com

 

+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

 

 

Acquisition of SharesAs 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.

 

c)

Price(s) and volume(s)

 

 

 

 


 

Price(s)

 

Volume(s)

 

 

 

GBP 00.6155

3,069

 

 

 

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A (single transaction)

e)

Date of the transaction

 

16 November 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

 

 

Acquisition of Shares following the exercise of an option under the Group's Sharesave Scheme.

c)

Price(s) and volume(s)

 

 

 

 


 

Price(s)

 

Volume(s)

 

 

 

GBP 00.4062

22,156

 

 

 

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A (single transaction)

e)

Date of the transaction

 

17 November 2016

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

c)

Price(s) and volume(s)

 

 

 

 


 

Price(s)

 

Volume(s)

 

 

 

GBP 00.6150

100,344

 

 

 

GBP 00.6142

299,656

 

 

 

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

400,000

 

GBP 00.6144

e)

Date of the transaction

 

15 November 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 00.5981

22,156

 

 

 

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A (single transaction)

e)

Date of the transaction

 

17 November 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

 

 

Disposal of shares

 

c)

Price(s) and volume(s)

 

 

 

 


 

Price(s)

 

Volume(s)

 

 

 

GBP 00.6094

1,400,000

 

 

 

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A (single transaction)

e)

Date of the transaction

 

16 November 2016

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 


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