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Director/PDMR Shareholding

2 Aug 2019 13:00

RNS Number : 7703H
Lloyds Banking Group PLC
02 August 2019
 

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)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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