Director/PDMR Shareholding

RNS Number : 6203F

Lloyds Banking Group PLC

10 March 2020

 

10 March 2020

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')

This announcement reports various transactions in Shares by PDMRs, including pursuant to the employee share plan and incentive arrangements operated by the Group, and should be read in conjunction with the disclosures in the 2019 Annual Report and Accounts published on 20 February 2020. The 2019 Annual Report and Accounts is available on the 'Annual Reports' page in the 'Investors & Performance' section of the Group's website www.lloydsbankinggroup.com .

2019 Group Performance Share Awards

In line with requirements of the PRA Rulebook and FCA Remuneration Code (SYSC 19D), a maximum of 40 per cent of any variable remuneration awarded to Executive Directors and other members of the Group Executive Committee will be paid in 2020 (subject to applicable holding requirements). The remaining 60 per cent must be deferred.

For the 2019 Group Performance Share awards, £2,000 is paid in cash in March 2020 with the balance of the upfront 40 per cent delivered in Shares. 50 per cent of the upfront Shares will be delivered immediately and will be subject to a holding period ending in March 2021. The remaining 50 per cent of the upfront element will be delivered in June 2020 as a number of Shares to be determined based on the prevailing share price at that time, and with such number of Shares being separately notified to the market at the time of delivery. The remaining 60 per cent of the 2019 Group Performance Share awards is deferred into Shares, with 40 per cent vesting in 2021 and 20 per cent in 2022, and with a holding period applying to half the shares delivered.

Name	Number of Shares  Awarded in March 2020 (1)	Number of Shares Vested immediately (subject to a one year holding period) (2)
William Chalmers	316,456	41,930
Antonio Lorenzo	274,604	36,384
Vim Maru	334,022	44,256
Zak Mian	254,986	33,785
Janet Pope	187,796	24,882
Stephen Shelley	246,362	32,642
Jennifer Tippin	313,441	41,530
Andrew Walton	255,223	33,816
1 Based on a Share price of 49.4296 pence, being the average of the closing Share price of the five trading days prior to the date of award. This is the maximum number of Shares under award, which will be subject to income tax and national insurance contributions on vesting.  The number of Shares to be delivered in June 2020 will be determined based on the prevailing share price at that time and separately notified to the market at the time of delivery. 2 Net amount vesting immediately

Group Ownership Share Plan - 2020 awards

Awards for the 2019 performance period were made on 5 March 2020 under the rules of the Executive Group Ownership Share Plan 2016. These awards are subject to a three-year performance period ending 31 December 2022, with vesting between the third and seventh anniversary of award on a pro-rata basis.  These awards are subject to clawback for at least seven years from the date of award. 

Name	Maximum number of Shares awarded (1)(2)	Expected value (3)
António Horta-Osório	8,281,379	£2,046,726
William Chalmers	4,927,191	£1,217,745
Antonio Lorenzo	4,790,328	£1,183,920
Vim Maru	4,790,328	£1,183,920
Zak Mian	4,372,877	£1,080,748
David Oldfield	4,538,205	£1,121,608
Janet Pope	2,592,343	£640,692
Stephen Shelley	4,372,877	£1,080,748
Jennifer Tippin	3,992,951	£986,850
Andrew Walton	2,935,993	£725,625

1	Determined based on a Share price of 49.4296 pence being the average of the closing Share price of the five trading days prior to the date of award. As regulations prohibit the payment of dividend equivalents on awards, the number of Shares subject to award has been determined by applying an adjustment factor to the share price on grant, as disclosed in the 2019 Annual Report and Accounts. The Remuneration Committee has approved an adjustment of 29.03 per cent for colleagues who are senior managers, including the Executive Directors.
2	Vesting determined in 2023 subject to the satisfaction of performance targets over the performance period ending 31 December 2022.
3	The values for the Group Ownership Shares awards are shown at an expected value of 50 per cent of maximum value and before deduction of income tax and NIC. The actual vesting value will depend on the achievement of performance conditions and the Share price at the date of vesting.

Deferred Bonus / Group Performance Share Awards for 2016, 2017 and 2018 Performance

Deferred Bonus / Group Performance Share Awards are due to be released in 2020 which represent deferred elements of bonus awards related to performance in 2016, 2017 and 2018.

In accordance with the Group's deferral policy, subject to any longer deferral requirements which apply, for the 2016 award a proportion of the Shares are released over three years, being received in tranches in March and September, and for the 2017 and 2018 awards the deferred proportion of the Shares are released over a period of two years in March of each year.

50 per cent of the gross number of Shares subject to the 2017 and 2018 Group Performance Share Award is subject to a holding period ending March 2021. 

In this respect, the Group announces that on 6 March 2020, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received (for no payment) the number of Shares as set out by their name. A further announcement will be made in September for the September release.

Name	Number of Shares (2016 deferral)	Number of Shares (2017  deferral)	Number of Shares (2017 deferral subject to hold)	Number of Shares (2018 deferral)	Number of Shares (2018 deferral  subject to hold)
António Horta-Osório	-	103,037	103,037	197,988	197,988
Antonio Lorenzo	-	-	9,773	101,569	101,569
Vim Maru	-	39,345	39,344	82,301	82,301
Zak Mian	-	54,050	54,052	71,548	71,548
David Oldfield	-	43,482	43,483	78,379	78,379
Janet Pope	-	21,028	21,029	46,598	46,598
Stephen Shelley	-	40,060	40,061	78,605	78,605
Jennifer Tippin	2,341	43,381	43,381	91,522	103,142

Disposal of Shares

The Group announces the sale of Shares by PDMRs as set out below, pursuant to sale instructions given in December 2019 prior to the start of the recent closed period. These shares were the net shares following the release of historic deferrals noted above. 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
António Horta-Osório	301,025	0.494817	6 March 2020	21,440,937
Stephen Shelley	118,665	0.494817	6 March 2020	3,420,510

Release of Group Ownership Share Awards made in March 2017

The first tranche of the Executive Group Ownership Share Plan (GOS) awards made in March 2017 vest at 49.7 per cent. 

In this respect, the Group announces that, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below on 6 March 2020 received (for no payment)  the number of Shares (including Shares in respect of dividend equivalents) as set out by their name, following the partial vesting of GOS awards made in March 2017.  Executive Directors and Material Risk Takers at the time of the award in 2017 are required to retain any Shares vesting for a further two years.

Name	Number of Shares
António Horta-Osório	325,292
Juan Colombás	180,543
Antonio Lorenzo	194,183
Vim Maru	144,594
Zak Mian	95,365
David Oldfield	176,777
Janet Pope	107,985
Stephen Shelley	203,973
Jennifer Tippin	141,315

Exercise of options to acquire Shares

William Chalmers, a PDMR, acquired 1,457,748 Shares, following the exercise of a share buy out award (for nil consideration) on 6 March 2020. 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 685,366 Shares which were sold at a price of 45.095 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 1,519,710 Shares, which are subject to holding periods, and complies with the Group's shareholding policy requirements.

Monthly Partnership and Matching Shares

This announcement also includes details in respect of the monthly acquisition of Partnership Shares and award of Matching Shares under the Group's Share Incentive Plan ("SIP"), made on 9 March 2020, in respect of those PDMRs who are participants in the SIP.

ENQUIRIES:

Investor Relations Douglas Radcliffe Group Investor Relations Director Email: douglas.radcliffe@ lloydsbanking.com Group Corporate Affairs Matt Smith Head of Media Relations Email: [e-mail]

[phone] [phone]

10 March 2020

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	Award of Shares under Group Ownership Share Plan - 2020 awards.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	8,281,379
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the vesting of the 2017 and 2018 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2017)		GBP00.0000	206,074
	Deferred Bonus Plan (2018)		GBP00.0000	395,976
d)	Aggregated information - Aggregated volume - Price	602,050 GBP00.0000
e)	Date of the transaction	2020-03-06
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)
			GBP00.494817	301,025
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	325,292
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	329
	Matching Shares		GBP00.0000	98
d)	Aggregated information - Aggregated volume - Price	427 See 4(c)
e)	Date of the transaction	2020-03-09
f)	Place of the transaction	Outside a trading venue

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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	316,456
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	4,927,191
d)	Aggregated information - Aggregated volume - Price	5,243,647 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	41,930
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares following the exercise of a share award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.0000	1,457,748
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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)
			GBP00.45095	685,366
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	180,543
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	274
	Matching Shares		GBP00.0000	98
d)	Aggregated information - Aggregated volume - Price	372 See 4(c)
e)	Date of the transaction	2020-03-09
f)	Place of the transaction	Outside a trading venue

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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	274,604
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	4,790,328
d)	Aggregated information - Aggregated volume - Price	5,064,932 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	36,384
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 and 2018 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2017)		GBP00.0000	9,773
	Deferred Bonus Plan (2018)		GBP00.0000	203,138
d)	Aggregated information - Aggregated volume - Price	212,911 GBP00.0000
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	194,183
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	329
	Matching Shares		GBP00.0000	98
d)	Aggregated information - Aggregated volume - Price	427 See 4(c)
e)	Date of the transaction	2020-03-09
f)	Place of the transaction	Outside a trading venue

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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	334,022
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	4,790,328
d)	Aggregated information - Aggregated volume - Price	5,124,350 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	44,256
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 and 2018 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2017)		GBP00.0000	78,689
	Deferred Bonus Plan (2018)		GBP00.0000	164,602
d)	Aggregated information - Aggregated volume - Price	243,291 GBP00.0000
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	144,594
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
f)	Place of the transaction	Outside a trading venue

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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	254,986
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	4,372,877
d)	Aggregated information - Aggregated volume - Price	4,627,863 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	33,785
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 and 2018 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2017)		GBP00.0000	108,102
	Deferred Bonus Plan (2018)		GBP00.0000	143,096
d)	Aggregated information - Aggregated volume - Price	251,198 GBP00.0000
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	95,365
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	65
	Matching Shares		GBP00.0000	96
d)	Aggregated information - Aggregated volume - Price	161 See 4(c)
e)	Date of the transaction	2020-03-09
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	Award of Shares under the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	4,538,205
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the vesting of the 2017 and 2018 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2017)		GBP00.0000	86,965
	Deferred Bonus Plan (2018)		GBP00.0000	156,758
d)	Aggregated information - Aggregated volume - Price	243,723 GBP00.0000
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	176,777
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
f)	Place of the transaction	Outside a trading venue

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, 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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	187,796
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	2,592,343
d)	Aggregated information - Aggregated volume - Price	2,780,139 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	24,882
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 and 2018 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2017)		GBP00.0000	42,057
	Deferred Bonus Plan (2018)		GBP00.0000	93,196
d)	Aggregated information - Aggregated volume - Price	135,253 GBP00.0000
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	107,985
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	274
	Matching Shares		GBP00.0000	98
d)	Aggregated information - Aggregated volume - Price	372 See 4(c)
e)	Date of the transaction	2020-03-09
f)	Place of the transaction	Outside a trading venue

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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	246,362
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	4,372,877
d)	Aggregated information - Aggregated volume - Price	4,619,239 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	32,642
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 and 2018 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2017)		GBP00.0000	80,121
	Deferred Bonus Plan (2018)		GBP00.0000	157,210
d)	Aggregated information - Aggregated volume - Price	237,331 GBP00.0000
e)	Date of the transaction	2020-03-06
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)
			GBP00.494817	118,665
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	203,973
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	329
	Matching Shares		GBP00.0000	98
d)	Aggregated information - Aggregated volume - Price	427 See 4(c)
e)	Date of the transaction	2020-03-09
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jennifer Tippin
2	Reason for the notification
a)	Position/status	Group People & Productivity 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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	313,441
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	3,992,951
d)	Aggregated information - Aggregated volume - Price	4,306,392 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	41,530
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2016, 2017 and 2018 Deferred Bonus Award / Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Deferred Bonus Plan (2016)		GBP00.0000	2,341
	Deferred Bonus Plan (2017)		GBP00.0000	86,762
	Deferred Bonus Plan (2018)		GBP00.0000	194,664
d)	Aggregated information - Aggregated volume - Price	283,767 GBP00.0000
e)	Date of the transaction	2020-03-06
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	Shares acquired in respect of the vesting of the 2017 Group Ownership Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2017 GOS		GBP00.0000	141,315
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	65
	Matching Shares		GBP00.0000	96
d)	Aggregated information - Aggregated volume - Price	161 See 4(c)
e)	Date of the transaction	2020-03-09
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Walton
2	Reason for the notification
a)	Position/status	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	Award of Shares under the Group Performance Share Plan for 2019 and the Group Ownership Share Plan - 2020 awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of Shares - 2019 Group Performance Share Award		GBP00.0000	225,223
	Award of Shares - Group Ownership Share Plan - 2020 awards		GBP00.0000	2,935,993
d)	Aggregated information - Aggregated volume - Price	3,161,216 GBP00.0000
e)	Date of the transaction	2020-03-05
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	Shares acquired in respect of the release of part of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	2019 Group Performance Share Award Partial Release		GBP00.0000	33,816
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2020-03-06
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP00.4568	66
	Matching Shares		GBP00.0000	98
d)	Aggregated information - Aggregated volume - Price	164 See 4(c)
e)	Date of the transaction	2020-03-09
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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