Last checked at 14 Dec 2016 15:14
14 December 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')
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, 2,994 Shares were acquired on 14 December 2016 on behalf of António Horta-Osório in respect of his December 2016 salary. The acquisition price was 63.095 pence per Share.
Fixed Share Awards
This announcement details the number of Shares acquired by PDMRs in respect of the fourth quarter of 2016 under the Group's Fixed Share Award, as described in the Summary Remuneration Announcement. In this respect, the Group announces that, after the settlement of income tax liabilities and National Insurance contributions, Shares were acquired on 14 December 2016 on behalf of the PDMRs as listed in the table below. The acquisition price was 63.095 pence per Share.
The Shares will be held on behalf of the PDMRs and will be released over five years, with 20 per cent being released each year on the anniversary of the award.
Name | Shares |
António Horta-Osório | 189,000 |
Juan Colombás | 104,370 |
George Culmer | 105,840 |
Andrew Bester | 102,900 |
Karin Cook | 85,260 |
Simon Davies | 102,900 |
Antonio Lorenzo | 104,958 |
Vim Maru | 85,260 |
Zak Mian | 108,430 |
David Oldfield | 95,550 |
Matt Young | 73,500 |
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 |
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
| 1. 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 2. Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Acquisition of Shares
| GBP00.63095 | 2,994 | |||
Fixed Share Award | GBP00.63095 | 189,000 | |||
d) | Aggregated information
- Aggregated volume
- Price |
191,994
GBP00.63095 | |||
e) | Date of the transaction
| 14 December 2016 | |||
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
| Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award
| GBP00.63095 | 104,370 | |||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e)
| Date of the transaction
| 14 December 2016 | |||
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 | Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award
| GBP00.63095 | 105,840 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 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 in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award
| GBP00.63095 | 102,900 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 2016 | |||
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 | Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award | GBP00.63095 | 85,260 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 2016 | |||
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 | Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award | GBP00.63095 | 102,900 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 2016 | |||
f) | Place of the transaction
| London Stock Exchange (XLON)
| |||
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 | Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award | GBP00.63095 | 104,958 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 2016 | |||
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 | Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award | GBP00.63095 | 85,260 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 2016 | |||
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 | |||
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 in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award | GBP00.63095 | 108,430 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 2016 | |||
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 | Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award | GBP00.63095 | 95,550 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 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 | Acquisition of Shares in respect of the fourth quarter of 2016 under the Group's Fixed Share Award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
Fixed Share Award | GBP00.63095 | 73,500 | |||
d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction)
| |||
e) | Date of the transaction
| 14 December 2016 | |||
f) | Place of the transaction
| London Stock Exchange (XLON)
| |||