Last checked at 15 Dec 2017 14:00
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:
|
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)
| |||