Director/PDMR Shareholding

RNS Number : 4958Z

Lloyds Banking Group PLC

15 December 2017

 

15 December 2017

LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR') 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 form of the Group Chief Executive's increase in base salary will follow that for 2016, with 2 per cent delivered in cash (in line with other colleagues) and the remainder delivered in Shares.

In this respect, the Group announces that, after the settlement of income tax and national insurance contributions, 4,747 Shares were acquired on 13 December 2017 on behalf of António Horta-Osório in respect of his December 2017 salary. The acquisition price was 67.4502 pence per Share. 

Fixed Share Awards

This announcement details the number of Shares acquired by PDMRs in respect of the fourth quarter of 2017 under the Group's Fixed Share Award, as described in the Summary Remuneration Announcement. In this respect, the Group announces that, after the settlement of income tax and national insurance contributions, Shares were acquired on 13 December 2017 on behalf of the PDMRs as listed in the table below. The acquisition price was 67.4502 pence per Share.

The Shares will be held on behalf of the PDMRs and will be released over five years, with 20 per cent being released each year on the anniversary of the award.

Name	December Shares
António Horta-Osório	176,797
George Culmer	99,006
Juan Colombás	97,632
Karin Cook	79,755
Antonio Lorenzo	98,182
Vim Maru	95,076
Zak Mian	95,076
David Oldfield	100,324
Janet Pope	201,367
Stephen Shelley	155,405

Executive Share Award

The Group announces that on 13 December 2017 a share award under The Lloyds Banking Group Executive Share Plan 2003 was made to Zak Mian, a Senior Manager and PDMR, as detailed below, following the performance outcome of the Group Digital Incentive Plan (Digital MTIP) and the Group IT 2014 Supplementary Bonus award. These shares will be subject to a holding period until 13 December 2018.

Number of Shares awarded	Vesting Date
64,013	14 December 2017

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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	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 Shares - Portion of the Group Chief Executive's increase in base salary delivered in Shares (as described in the Summary Remuneration Announcement) in respect of December 2017 salary.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.674502	4,747
d)	Aggregated information - Aggregated volume - Price	N/A (Single Transaction)
e)	Date of the transaction	13 December 2017
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	Acquisition of Shares at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	176,797
d)	Aggregated information - Aggregated volume - Price	N/A (Single Transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	George Culmer
2	Reason for the notification
a)	Position/status	Chief Financial 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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	99,006
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Juan Colombás
2	Reason for the notification
a)	Position/status	Chief Operating 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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	97,632
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Karin Cook
2	Reason for the notification
a)	Position/status	Group Services 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	Acquisition of Shares at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	79,755
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Antonio Lorenzo
2	Reason for the notification
a)	Position/status	Chief Executive, Scottish Widows and Group Director, Insurance and Wealth
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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	98,182
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Vim Maru
2	Reason for the notification
a)	Position/status	Group Director, Retail
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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	95,076
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Zak Mian
2	Reason for the notification
a)	Position/status	Group Director, Transformation
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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	95,076
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
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	Share award granted under The Lloyds Banking Group Executive Share Plan 2003.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.0000	64,013
d)	Aggregated information - Aggregated volume - Price	N/A (Single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Oldfield
2	Reason for the notification
a)	Position/status	Group Director, 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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	100,324
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Janet Pope
2	Reason for the notification
a)	Position/status	Chief of Staff and Group Director, Corporate Affairs and Responsible Business & Inclusion
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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	201,367
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Shelley
2	Reason for the notification
a)	Position/status	Chief Risk 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 at GBP00.674502 each in respect of the fourth quarter of 2017 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Fixed Share Award		GBP00.674502	155,405
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

 

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