Last checked at 17 Nov 2016 14:06
17 November 2016 |
LLOYDS BANKING GROUP PLC ("GROUP") - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES 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 Group Chief Executive's 4 per cent additional increase in base salary is delivered monthly in Shares and the Shares will be held until the Government has sold its shareholding in the Group.
In this respect, the Group announces that, after the settlement of income tax liabilities and National Insurance contributions, 3,069 Shares were acquired on 16 November 2016 on behalf of António Horta-Osório in respect of his November 2016 salary. The acquisition price was 61.55 pence per Share.
Exercise of Sharesave Option
Andrew Bester, a PDMR, acquired 22,156 Shares at 40.62 pence per Share on 17 November 2016 following the exercise of an option under the Group's Sharesave Scheme.
Share Disposals
The Group announces the sale of Shares by PDMRs as set out below. 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 |
Andrew Bester | 299,656 100,344 22,156 | 61.42 pence 61.50 pence 59.81 pence | 15 November 2016 15 November 2016 17 November 2016 |
2,778,825 |
Matt Young | 1,400,000 | 60.94 pence | 16 November 2016 | 2,274,110 |
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 |
The following notifications, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details.
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. As described in the Summary Remuneration Announcement, the Group Chief Executive's 4 per cent additional increase in base salary is delivered monthly in Shares and the Shares will be held until the Government has sold its shareholding in the Group.
| |||
c) | Price(s) and volume(s) |
|
|
|
|
| Price(s)
| Volume(s) |
| ||
|
| GBP 00.6155 | 3,069 |
| |
|
|
|
|
| |
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction) | |||
e) | Date of the transaction
| 16 November 2016 | |||
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
| Acquisition of Shares following the exercise of an option under the Group's Sharesave Scheme. | |||
c) | Price(s) and volume(s) |
|
|
|
|
| Price(s)
| Volume(s) |
| ||
|
| GBP 00.4062 | 22,156 |
| |
|
|
|
|
| |
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction) | |||
e) | Date of the transaction
| 17 November 2016 | |||
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) |
| ||
|
| GBP 00.6150 | 100,344 |
| |
|
| GBP 00.6142 | 299,656 |
| |
|
|
|
|
| |
d) | Aggregated information
- Aggregated volume
- Price
|
400,000
GBP 00.6144 | |||
e) | Date of the transaction
| 15 November 2016 | |||
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
| Disposal of Shares | |||
c) | Price(s) and volume(s) |
|
|
|
|
| Price(s)
| Volume(s) |
| ||
|
| GBP 00.5981 | 22,156 |
| |
|
|
|
|
| |
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction) | |||
e) | Date of the transaction
| 17 November 2016 | |||
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
| Disposal of shares
| |||
c) | Price(s) and volume(s) |
|
|
|
|
| Price(s)
| Volume(s) |
| ||
|
| GBP 00.6094 | 1,400,000 |
| |
|
|
|
|
| |
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction) | |||
e) | Date of the transaction
| 16 November 2016 | |||
f) | Place of the transaction
| London Stock Exchange (XLON) | |||