Last checked at 2 Aug 2019 13:00
02 August 2019
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 options to acquire Shares
William Chalmers, a PDMR, acquired 818,172 Shares, following the exercise of a share buy out award (for nil consideration) on 1 August 2019. The details of the share buy out award were announced in June 2019 at the time of the award. William Chalmers retained all the Shares apart from 384,733 Shares which were sold at a price of 52.636 pence per Share to meet income tax and National Insurance contributions.
Following the acquisition and disposal of Shares referred to above, William Chalmers (and persons closely associated) holds 467,468 Shares, which are subject to holding periods, and complies with the Group's shareholding policy requirements.
Disposal of Shares
The Group announces the sale of Shares by António Horta-Osório, a PDMR, as set out below. Following the sale of Shares, António Horta-Osório continues to comply with the Group's shareholding policy requirements and holds Shares as detailed below, including Shares subject to holding periods of up to a further two years post vesting.
Name of PDMR | Number of Shares sold | Volume Weighted Average Price Per Share | Transaction date | Number of Shares held by the PDMR (and persons closely associated) following the sale |
António Horta-Osório | 6,750,000 | 52.7564p | 01/08/2019 | 21,237,854 |
ENQUIRIES:
Investor Relations Douglas Radcliffe Group Investor Relations Director Email: douglas.radcliffe@finance.lloydsbanking.com
Group Corporate Affairs Matt Smith Head of Media Relations Email: matt.smith@lloydsbanking.com |
+44 (0) 20 7356 1571
+44 (0) 20 7356 3522 |
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
| Disposal of Shares.
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Disposal of Shares | GBP 00.527114 | 1,500,000 | |||
GBP 00.52779 | 3,000,000 | ||||
GBP 00.527195 | 1,500,000 | ||||
GBP 00.5283 | 750,000 | ||||
d) | Aggregated information
- Aggregated volume
- Price |
6,750,000
GBP 00.527564
| |||
e) | Date of the transaction
| 1 August 2019 | |||
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 following the exercise of a share award.
| ||||
c) | Price(s) and volume(s) | |||||
Price(s)
| Volume(s) | |||||
GBP00.0000 | 818,172 | |||||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction) | ||||
e) | Date of the transaction
| 1 August 2019 | ||||
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) | |||||
GBP00.52636 | 384,733 | |||||
d) | Aggregated information
- Aggregated volume
- Price |
N/A single transaction | ||||
e) | Date of the transaction
| 1 August 2019 | ||||
f) | Place of the transaction | London Stock Exchange (XLON)
| ||||