Last checked at 19 Oct 2017 14:00
19 October 2017
LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTION BY PERSON 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, 4,837 Shares were acquired on 18 October 2017 on behalf of António Horta-Osório in respect of his October 2017 salary. The acquisition price was 66.19 pence per Share.
ENQUIRIES:
Investor Relations Douglas Radcliffe Group Investor Relations Director Email: douglas.radcliffe@finance.lloydsbanking.com
Group Corporate Affairs Fiona Laffan Director of Corporate Communications Email: fiona.laffan@lloydsbanking.com |
+44 (0) 20 7356 1571
+44 (0) 20 7356 2081 |
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 October 2017 salary.
| |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.6619 | 4,837 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (Single Transaction)
| |||
e) | Date of the transaction
| 18 October 2017 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||