Director/PDMR Shareholding

RNS Number : 3550A

Lloyds Banking Group PLC

22 September 2022

 

22 September 2022

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 should be read in conjunction with the disclosures in the 2021 Annual Report and Accounts published on 24 February 2022. The 2021 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com .

FIXED SHARE AWARDS

This announcement details the number of Shares acquired by PDMRs in respect of the third quarter of 2022 under the Group's Fixed Share Award. In this respect, the PDMRs listed in the table below acquired on 22 September 2022, after the settlement of income tax and national insurance contributions, the number of Shares as set out by their name. The acquisition price was 48.1791 pence per Share.

The Shares will be held on behalf of the PDMRs and will be released over a three year period, with one-third being released each year on 22 September.

Name	Shares
Charlie Nunn	281,955
William Chalmers	135,338
Antonio Lorenzo	134,210
David Oldfield	131,579
Janet Pope	93,985
Stephen Shelley	133,459
Andrew Walton	93,985

Release of Group Ownership Share Awards

The Exec GOS awards which related to performance in 2019 were partially released on 22 September 2022.  In respect of the portion of these awards that were released, the Group announces that on 22 September 2022, 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.

Executive Directors and Material Risk Takers (as identified at the time of the award) are required to retain any shares vesting under the 2019 Exec GOS until March 2023.

Name		2019 Exec GOS1
Antonio Lorenzo		185,577
David Oldfield		185,577
Janet Pope		100,427
Stephen Shelley		164,131
Andrew Walton		37,243

¹ As previously disclosed, the 2019 Exec GOS vested at 41.8%.

BUY OUT AWARD FOR CHIEF PEOPLE AND PLACES OFFICER

Sharon Doherty joined the Group on 6 June 2022  and was appointed as Chief People and Places Officer. It was agreed that Ms Doherty would on appointment be granted deferred share awards over 6,272,966 Shares to replace unvested awards from her previous employer that are forfeit as a result of her joining the Group. The awards will vest in two parts, 50% in June 2023 and the remaining 50% in June 2024. The awards were granted in accordance with the regulatory requirements for buy-outs to which the Group is subject, as detailed in the PRA Rulebook and corresponding FCA requirements.

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]

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		Charlie Nunn
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 - In respect of the third quarter of 2022 under the Group's Fixed Share Award.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
		Fixed Share Award			GBP00.481791	281,955
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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 - In respect of the third quarter of 2022 under the Group's Fixed Share Award.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
		Fixed Share Award			GBP00.481791	135,338
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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		CEO, Insurance, Pensions and Investments
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 - In respect of the third quarter of 2022 under the Group's Fixed Share Award.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
		Fixed Share Award			GBP00.481791	134,210
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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 2019 Group Ownership Share (GOS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
					GBP00.0000	185,577
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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		CEO, Commercial Banking and Interim Group 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 - In respect of the third quarter of 2022 under the Group's Fixed Share Award.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
		Fixed Share Award			GBP00.481791	131,579
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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 2019 Group Ownership Share (GOS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
					GBP00.0000	185,577
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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, Sustainable Business
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 - In respect of the third quarter of 2022 under the Group's Fixed Share Award.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
		Fixed Share Award			GBP00.481791	93,985
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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 2019 Group Ownership Share (GOS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
					GBP00.0000	100,427
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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		Acquisition of Shares - In respect of the third quarter of 2022 under the Group's Fixed Share Award.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
		Fixed Share Award			GBP00.481791	133,459
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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 2019 Group Ownership Share (GOS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
					GBP00.0000	164,131
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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		Chief Corporate Affairs 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 - In respect of the third quarter of 2022 under the Group's Fixed Share Award.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
		Fixed Share Award			GBP00.481791	93,985
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
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 2019 Group Ownership Share (GOS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)		Price(s) and volume(s)
					Price(s)	Volume(s)
					GBP00.0000	37,243
d)		Aggregated information - Aggregated volume - Price		N/A (single transaction)
e)		Date of the transaction		2022-09-22
f)		Place of the transaction		Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sharon Doherty
2	Reason for the notification
a)	Position/status	Chief People and Places 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	Grant of awards under the Group's Deferred Bonus Plan 2021 in the form of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.00	6,272,966
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2022-09-22
f)	Place of the transaction	Outside a trading venue

 

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