Last checked at 24 Mar 2016 13:33
24 March 2016
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")
Exercise of option to acquire Shares
The Group was notified on 24 March 2016 that Vim Maru, a PDMR, acquired on the same day 548,724 Shares following the exercise of a share buyout award. The award was granted in June 2012 for the loss of deferred share benefits forfeited as a result of his resignation from the Santander Group. Mr Maru has retained all the Shares apart from 258,695 Shares which were sold (at 68.52 pence per Share) to meet income tax and national insurance contributions arising from the acquisition.
Share Disposals
The Group was notified on 23 March 2016 of disposals of Shares by PDMRs on the same day as set out below:
Name of PDMR | Number of Shares Sold | Price Per Share |
Karin Cook | 110,000 | 68.56 pence |
David Oldfield | 300,000 | 68.64 pence |
Shareholding Requirement
Following these transactions, the above mentioned PDMRs continue to comply with the Group's shareholding policy requirements.
These disclosures are made pursuant to the Financial Conduct Authority's Disclosure and Transparency Rule 3.1.4. The transactions took place in the UK and the Shares are listed on the London Stock Exchange.
ENQUIRIES:
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Group Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Group Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com