Last checked at 7 Mar 2017 16:10
7 March 2017
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')
On 22 February 2017, the Group published details of upcoming remuneration disclosures for the Group, including salary, bonus, Long-Term Incentive Plan awards and Fixed Share Awards for PDMRs ('Summary Remuneration Announcement'). Where awards had not yet been made, estimates were provided. The Group announces that the following awards were made and released on 6 March 2017.
This announcement should be read in conjunction with the Summary Remuneration Announcement and disclosures in the 2016 Annual Report and Accounts published on 22 February 2017. The 2016 Annual Report and Accounts is available on the 'Annual Reports' page in the 'Investors & Performance' section of the Group's website www.lloydsbankinggroup.com.
2016 GROUP ANNUAL BONUS
For Executive Directors and the Group Executive Committee, awards are determined in the same way as employees across the Group by reference to Group, business area and individual performance. Information regarding the performance of the Executive Directors in 2016 can be found in the Annual Report and Accounts. As announced on 22 February 2017, annual bonus awards are deferred into Shares under the Lloyds Banking Group Deferred Bonus Plan ('Deferred Bonus Award') and are subject to performance adjustment throughout the deferral period. Deferred Bonus Awards made to Executive Directors and members of the Group Executive Committee are subject to clawback for at least seven years from the date of grant. This period may be extended to ten years where there is an ongoing internal or regulatory investigation.
2016 Annual Bonus 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 can be paid in 2017. The remaining 60 per cent must be deferred.
For the 2016 Annual Bonus, £2,000 is paid in cash in March 2017. The first tranche of the Deferred Bonus Awards vest in June 2017 based on the prevailing share price, with the number of Shares notified to the market at that time. The remaining tranches were granted yesterday and will vest over the period September 2017 to September 2019 and are shown below:
| Name | Number of Shares awarded(1) | |
| António Horta-Osório | 1,417,778 | |
| George Culmer | 667,685 | |
| Juan Colombás | 671,579 | |
| Andrew Bester | 550,332 | |
| Karin Cook | 447,048 | |
| Simon Davies | 433,993 | |
| Antonio Lorenzo | 636,155 | |
| Vim Maru | 527,311 | |
| Zak Mian | 357,199 | |
| David Oldfield | 694,440 | |
| Matt Young | 252,003 | |
1 | Based on a Share price of 68.814 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. |
| |
| |||
Deferred Bonus Awards for 2013, 2014 and 2015 Performance
As announced on 22 February 2017, Deferred Bonus Awards are due to be released in 2017 which relate to performance in 2013, 2014 and 2015. In accordance with the Group's deferral policy, a proportion of the Shares are released over three years, being received in tranches in March and September.
In this respect, the Group announces that yesterday, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received the number of Shares (for no payment) as set out by their name. A further announcement will be made in September for the September release.
Name | 2013 | 2014 | 2015 |
António Horta-Osório | -1 | - | - |
George Culmer | - | 164,443 | - |
Juan Colombás | - | 155,124 | - |
Andrew Bester | 53,305 | 33,153 | 25,252 |
Karin Cook | 17,357 | 14,918 | 17,827 |
Antonio Lorenzo | 47,034 | 28,664 | 43,621 |
Vim Maru | 23,927 | 28,512 | 26,488 |
Zak Mian | 19,397 | 7,209 | 5,688 |
David Oldfield | 19,854 | 18,363 | 23,119 |
Matt Young | 43,470 | 23,921 | 32,547 |
1 To be released later in March when a further announcement will be made.
Release of Long-Term Incentive Awards made in March 2014
As announced on 22 February 2017, the Group has delivered a good financial performance over the performance period of the 2014 Long-Term Incentive Plan (LTIP) awards, continuing to transform the business for the benefit of our shareholders. The scale of the challenge was set out in stretching targets of the 2014 LTIP as approved by the Remuneration Committee and our shareholders. At the end of the performance period, it has been assessed that these awards will vest at 55 per cent of maximum.
In this respect, the Group announces that, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below yesterday received (for no payment) the number of Shares (including dividend equivalents) as set out by their name, following the partial vesting of long-term awards made in March 2014. Executive Directors and Material Risk Takers at the time of the award in 2014 are required to retain any Shares vesting for a further two years.
Name | Shares |
António Horta-Osório | 1,439,800 |
George Culmer | 778,908 |
Juan Colombás | 693,444 |
Andrew Bester | 757,271 |
Karin Cook | 104,247 |
Antonio Lorenzo | 709,671 |
Vim Maru | 208,986 |
Zak Mian | 118,015 |
David Oldfield | 186,858 |
Matt Young | 540,907 |
Group Ownership Share Plan - 2017 awards
As announced in the 2016 Directors' Remuneration Report, the Group's long-term variable remuneration arrangements are to be known as the Group Ownership Share Plan. Awards for the 2016 performance period were made yesterday under the rules of the 2016 Long-Term Incentive Plan. The 2017 awards are subject to a three-year performance period with vesting between the third and seventh anniversary of award, on a pro-rata basis.
| Name | Maximum number of Shares awarded(1)(2) | Expected value(4) | |||
| António Horta-Osório | 5,318,685 (3) | £1,830,000 | |||
| George Culmer | 2,993,565 | £1,029,996 | |||
| Juan Colombás | 2,951,987 | £1,015,691 | |||
| Andrew Bester | 2,910,410 | £1,001,385 | |||
| Karin Cook | 2,364,199 | £813,450 | |||
| Simon Davies | 2,797,395 | £962,500 | |||
| Antonio Lorenzo | 3,174,993 | £1,092,420 | |||
| Vim Maru | 2,364,199 | £813,450 | |||
| Zak Mian | 1,559,275 | £536,500 | |||
| David Oldfield | 2,890,400 | £994,500 | |||
| Matt Young
| 1,889,877 | £650,250 | |||
1 | Based on a Share price of 68.814 pence being the average of the closing Share price of the five trading days prior to the date of award. |
| ||||
2 | Vesting determined in 2020 subject to the satisfaction of stretching performance targets over the performance period ending 31 December 2019. |
| ||||
3 | Based on Mr Horta-Osório's 'Reference Salary' of £1,220,000 as at 31 December 2016. |
| ||||
4 | The values for the LTIP 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. These awards are subject to clawback for at least seven years from the date of award. |
| ||||
As outlined in the 2016 Annual Report and Accounts, the FCA changed the approach to complaint classification and reporting from 30 June 2016. The updated complaint data is now available and the Group is accordingly publishing the metrics for the 2016 Long Term Incentive Plan awards and 2017 Group Ownership Share awards as shown below:
Award | Measure | Basis of payout range | Threshold | Maximum |
2017 Group Ownership Share | Total reportable complaints and Financial Ombudsman Service uphold rate | Set relative to 2019 targets | 3.52 complaints per 1,000 accounts
= FOS uphold rate | 3.18 complaints per 1,000 accounts
= |
2016 Long Term Incentive Plan | Total reportable complaints and Financial Ombudsman Service uphold rate | Set relative to 2018 targets | 4.18 complaints per 1,000 accounts
= FOS uphold rate | 3.78 complaints per 1,000 accounts
= |
Fixed Share Awards in 2017
A further announcement will be made in March 2017 for the Fixed Share Award in respect of the first quarter of 2017 and thereafter in the quarter in which the award is made.
ENQUIRIES:
Investor Relations Douglas Radcliffe Group Investor Relations Director Email: douglas.radcliffe@finance.lloydsbanking.com
Group Corporate Affairs Matt Smith Head of Corporate Media Email: matt.smith@lloydsbanking.com |
+44 (0) 20 7356 1571
+44 (0) 20 7356 3522 |
7 March 2017
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 the Group's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 1,417,778 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 5,318,685 | |||
d) | Aggregated information
- Aggregated volume
- Price |
6,736,463
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2014 Long-Term Incentive Award before sale of Shares for income tax and National Insurance Contributions (NICs)
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2014 LTIP (Gross) | GBP00.0000 | 2,716,605 | |||
d) | Aggregated information
- Aggregated volume
- Price |
2,716,605
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2014 LTIP
| GBP00.687429 | 1,276,805 | |||
d) | Aggregated information
- Aggregated volume
- Price |
1,276,805
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 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
| Award of Shares under the Group's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 667,685 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 2,993,565 | |||
d) | Aggregated information
- Aggregated volume
- Price |
3,661,250
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2014 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 310,271
| |||
2014 LTIP (Gross) | GBP00.0000 | 1,469,638
| |||
d) | Aggregated information
- Aggregated volume
- Price |
1,779,909
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2014 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2014 Deferred Bonus Award | GBP00.687429 | 145,828
| |||
2014 LTIP
| GBP00.687429 | 690,730 | |||
d) | Aggregated information
- Aggregated volume
- Price |
836,558
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 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 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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 671,579 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 2,951,987 | |||
d) | Aggregated information
- Aggregated volume
- Price |
3,623,566
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2014 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 292,687
| |||
2014 LTIP (Gross) | GBP00.0000 | 1,308,386 | |||
d) | Aggregated information
- Aggregated volume
- Price |
1,601,073
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2014 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2014 Deferred Bonus Award | GBP00.687429 | 137,563
| |||
2014 LTIP
| GBP00.687429 | 614,942
| |||
d) | Aggregated information
- Aggregated volume
- Price |
752,505
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 2017 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Andrew Bester | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Group Director & Chief Executive, 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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 550,332 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 2,910,410 | |||
d) | Aggregated information
- Aggregated volume
- Price |
3,460,742
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2013 Deferred Bonus Award (Gross) | GBP00.0000 | 100,577
| |||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 62,554
| |||
2015 Deferred Bonus Award (Gross) | GBP00.0000 | 47,647
| |||
2014 LTIP (Gross) | GBP00.0000 | 1,428,815
| |||
d) | Aggregated information
- Aggregated volume
- Price |
1,639,593
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2013 Deferred Bonus Award | GBP00.687429 | 47,272
| |||
2014 Deferred Bonus Award | GBP00.687429 | 29,401
| |||
2015 Deferred Bonus Award | GBP00.687429 | 22,395
| |||
2014 LTIP
| GBP00.687429 | 671,544
| |||
d) | Aggregated information
- Aggregated volume
- Price |
770,612
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 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 Director Operations
| |||
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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 447,048 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 2,364,199 | |||
d) | Aggregated information
- Aggregated volume
- Price |
2,811,247
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2013 Deferred Bonus Award (Gross) | GBP00.0000 | 32,750 | |||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 28,149 | |||
2015 Deferred Bonus Award (Gross) | GBP00.0000 | 33,636
| |||
2014 LTIP (Gross) | GBP00.0000 | 196,693 | |||
d) | Aggregated information
- Aggregated volume
- Price |
291,228
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2013 Deferred Bonus Award | GBP00.687429 | 15,393
| |||
2014 Deferred Bonus Award | GBP00.687429 | 13,231
| |||
2015 Deferred Bonus Award | GBP00.687429 | 15,809
| |||
2014 LTIP
| GBP00.687429 | 92,446 | |||
d) | Aggregated information
- Aggregated volume
- Price |
136,879
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 2017 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Simon Davies | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief People, Legal and Strategy 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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 433,993 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 2,797,395 | |||
d) | Aggregated information
- Aggregated volume
- Price |
3,231,388
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 | |||
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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 636,155 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 3,174,993 | |||
d) | Aggregated information
- Aggregated volume
- Price |
3,811,148
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2013 Deferred Bonus Award (Gross) | GBP00.0000 | 88,745 | |||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 54,084
| |||
2015 Deferred Bonus Award (Gross) | GBP00.0000 | 82,304
| |||
2014 LTIP (Gross) | GBP00.0000 | 1,339,003
| |||
d) | Aggregated information
- Aggregated volume
- Price |
1,564,136
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2013 Deferred Bonus Award | GBP00.687429 | 41,711
| |||
2014 Deferred Bonus Award | GBP00.687429 | 25,420
| |||
2015 Deferred Bonus Award | GBP00.687429 | 38,683
| |||
2014 LTIP
| GBP00.687429 | 629,332
| |||
d) | Aggregated information
- Aggregated volume
- Price |
735,146 GBP00.687429 | |||
e) | Date of the transaction
| 6 March 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, Group Customer Products & Marketing | |||
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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 527,311 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 2,364,199 | |||
d) | Aggregated information
- Aggregated volume
- Price |
2,891,510
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2013 Deferred Bonus Award (Gross) | GBP00.0000 | 45,147
| |||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 53,797
| |||
2015 Deferred Bonus Award (Gross) | GBP00.0000 | 49,979
| |||
2014 LTIP (Gross) | GBP00.0000 | 394,315
| |||
d) | Aggregated information
- Aggregated volume
- Price |
543,238
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2013 Deferred Bonus Award | GBP00.687429 | 21,220
| |||
2014 Deferred Bonus Award | GBP00.687429 | 25,285
| |||
2015 Deferred Bonus Award | GBP00.687429 | 23,491
| |||
2014 LTIP
| GBP00.687429 | 185,329
| |||
d) | Aggregated information
- Aggregated volume
- Price |
255,325
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 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, Digital & 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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 357,199 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 1,559,275 | |||
d) | Aggregated information
- Aggregated volume
- Price |
1,916,474
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2013 Deferred Bonus Award (Gross) | GBP00.0000 | 36,599
| |||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 13,603
| |||
2015 Deferred Bonus Award (Gross) | GBP00.0000 | 10,733
| |||
2014 LTIP (Gross) | GBP00.0000 | 222,671
| |||
d) | Aggregated information
- Aggregated volume
- Price |
283,606
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2013 Deferred Bonus Award | GBP00.687429 | 17,202
| |||
2014 Deferred Bonus Award | GBP00.687429 | 6,394
| |||
2015 Deferred Bonus Award | GBP00.687429 | 5,045
| |||
2014 LTIP
| GBP00.687429 | 104,656
| |||
d) | Aggregated information
- Aggregated volume
- Price |
133,297
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 2017 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
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, Retail and Consumer Finance | |||
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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 694,440 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 2,890,400 | |||
d) | Aggregated information
- Aggregated volume
- Price |
3,584,840
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2013 Deferred Bonus Award (Gross) | GBP00.0000 | 37,462
| |||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 34,649
| |||
2015 Deferred Bonus Award (Gross) | GBP00.0000 | 43,621
| |||
2014 LTIP (Gross) | GBP00.0000 | 352,564
| |||
d) | Aggregated information
- Aggregated volume
- Price |
468,296
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2013 Deferred Bonus Award | GBP00.687429 | 17,608
| |||
2014 Deferred Bonus Award | GBP00.687429 | 16,286
| |||
2015 Deferred Bonus Award | GBP00.687429 | 20,502
| |||
2014 LTIP
| GBP00.687429 | 165,706
| |||
d) | Aggregated information
- Aggregated volume
- Price |
220,102
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 2017 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Matt Young | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Group 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's Deferred Bonus Plan for 2016 and the Group Ownership Share Plan - 2017 awards | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Award of Shares - 2016 Bonus Award
| GBP00.0000 | 252,003 | |||
Award of Shares - Group Ownership Share Plan - 2017 awards | GBP00.0000 | 1,889,877 | |||
d) | Aggregated information
- Aggregated volume
- Price |
2,141,880
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 - Gross number of Shares released for 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award before sale of Shares for income tax and NICs
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
2013 Deferred Bonus Award (Gross) | GBP00.0000 | 82,019
| |||
2014 Deferred Bonus Award (Gross) | GBP00.0000 | 45,135
| |||
2015 Deferred Bonus Award (Gross) | GBP00.0000 | 61,410
| |||
2014 LTIP (Gross) | GBP00.0000 | 1,020,581
| |||
d) | Aggregated information
- Aggregated volume
- Price |
1,209,145
GBP00.0000 | |||
e) | Date of the transaction
| 6 March 2017 | |||
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 on behalf of PDMR to meet income tax and NICs due on the release of 2013, 2014 and 2015 Deferred Bonus Awards and 2014 Long-Term Incentive Award
| |||
c) | Price(s) and volume(s) | ||||
Disposal of Shares to meet income tax and NICs:
| Price(s)
| Volume(s) | |||
2013 Deferred Bonus Award | GBP00.687429 | 38,549
| |||
2014 Deferred Bonus Award | GBP00.687429 | 21,214
| |||
2015 Deferred Bonus Award | GBP00.687429 | 28,863
| |||
2014 LTIP
| GBP00.687429 | 479,674
| |||
d) | Aggregated information
- Aggregated volume
- Price |
568,300
GBP00.687429 | |||
e) | Date of the transaction
| 6 March 2017 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||