Director/PDMR Shareholding

RNS Number : 7703H

Lloyds Banking Group PLC

02 August 2019

 

02 August 2019

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')

Exercise of options to acquire Shares

William Chalmers, a PDMR, acquired 818,172 Shares, following the exercise of a share buy out award (for nil consideration) on 1 August 2019. The details of the share buy out award were announced in June 2019 at the time of the award. William Chalmers retained all the Shares apart from 384,733 Shares which were sold at a price of 52.636 pence per Share to meet income tax and National Insurance contributions. 

Following the acquisition and disposal of Shares referred to above, William Chalmers (and persons closely associated) holds 467,468 Shares, which are subject to holding periods, and complies with the Group's shareholding policy requirements.

Disposal of Shares

The Group announces the sale of Shares by António Horta-Osório, a PDMR, as set out below. Following the sale of Shares, António Horta-Osório continues to comply with the Group's shareholding policy requirements and holds Shares as detailed below, including Shares subject to holding periods of up to a further two years post vesting.  

Name of PDMR	Number of Shares sold	Volume Weighted Average Price Per Share	Transaction date	Number of Shares held by the PDMR (and persons closely associated) following the sale
António Horta-Osório	6,750,000	52.7564p	01/08/2019	21,237,854

ENQUIRIES:

Investor Relations Douglas Radcliffe Group Investor Relations Director Email: [e-mail] Group Corporate Affairs Matt Smith Head of Media Relations 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	Disposal of Shares.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Disposal of Shares		GBP 00.527114	1,500,000
			GBP 00.52779	3,000,000
			GBP 00.527195	1,500,000
			GBP 00.5283	750,000
d)	Aggregated information - Aggregated volume - Price	6,750,000 GBP 00.527564
e)	Date of the transaction	1 August 2019
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Chalmers
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 following the exercise of a share award.
c)	Price(s) and volume(s)
				Price(s)	Volume(s)
				GBP00.0000	818,172
d)	Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)	Date of the transaction		1 August 2019
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 acquired following the exercise of a share award to meet income tax and NICs due.
c)	Price(s) and volume(s)
				Price(s)	Volume(s)
				GBP00.52636	384,733
d)	Aggregated information - Aggregated volume - Price		N/A single transaction
e)	Date of the transaction		1 August 2019
f)	Place of the transaction		London Stock Exchange (XLON)

 

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