Director/PDMR Shareholding

RNS Number : 0385U

Lloyds Banking Group PLC

23 March 2023

 

23 March 2023

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 2022 Annual Report and Accounts published on 22 February 2023. The 2022 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 first quarter of 2023 under the Group's Fixed Share Award. In this respect, the PDMRs listed in the table below acquired on 22 March 2023, after the settlement of income tax and national insurance contributions, the number of Shares as set out by their name. The acquisition price was 48.09 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 March.

Name	Shares
Charlie Nunn	285,316
William Chalmers	136,951

Buyout awards for John Winter and Jayne Opperman

John Winter and Jayne Opperman joined the Group in 2022. It was agreed that on appointment they would be granted deferred cash and deferred share awards to replace unvested awards from their previous employers that have been forfeited as a result of them joining the Group. The awards granted match the vesting and retention periods applying to the awards being forfeited.

The awards were granted in accordance with the regulatory requirements for buyouts to which the Group is subject, as detailed in the PRA Rulebook and corresponding FCA requirements.

As a number of Jayne Opperman's awards would have already vested at the time she joined they have immediately vested on grant. In this respect, the Group announces that, after settlement of income tax and national insurance, 236,744 Shares were released to Jayne Opperman of which 193,627 continue to be subject to a retention period of 12 months.

Exercise of options to acquire Shares

Charlie Nunn acquired 1,247,548 Shares, following the exercise of a share buyout award (for nil consideration) on 21 March 2023. The details of the share buyout award were announced in September 2021 at the time of the award. Charlie Nunn retained all the Shares apart from 586,558  Shares, which were sold at a price of 48.16 pence per Share to meet income tax and national insurance contributions.

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 first quarter of 2023 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP 00.4809	285,316
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2023-03-22
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	Acquisition of Shares following the exercise of a share award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.0000	1,247,548
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2023 -03-21
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)
			GBP00.4816	586,558
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2023-03-21
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 first quarter of 2023 under the Group's Fixed Share Award.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP 00.4809	136,951
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2023-03-22
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Winter
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Corporate & Institutional 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	Grant of awards under the Group's Deferred Bonus Plan 2021 in the form of nil-priced options or conditional awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.0000	1,731,595
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2023-03-22
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jayne Opperman
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Consumer Relationships
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 nil-priced options or conditional awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.0000	3,417,873
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2023-03-22
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 vesting of awards under the Group's Deferred Bonus Plan 2021
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.0000	236,744
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2023-03-22
f)	Place of the transaction	Outside a trading venue

 

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