TIDMLLOY

RNS Number : 9009X

Lloyds Banking Group PLC

02 September 2015

2 September 2015

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")

In accordance with previous disclosures made by the Group, highlighted in our summary remuneration announcement dated 27 February 2015, Deferred Bonus Awards for 2011, 2012, 2013 and 2014 performance vest in tranches over the period September 2012 to September 2018 and are released in Shares.

In this respect, the Group announces that on 2 September 2015, after the settlement of income tax liabilities and national insurance contributions, the PDMRs listed in the table below received the number of Shares as set out by their name. The Shares were acquired for nil consideration.

The release today of tranches of the 2012 and 2013 Deferred Bonus Awards incorporates performance adjustments following the Group's settlement as announced on 5 June 2015.

 
 Name                                      Shares 
 Juan Colombás(1)                    162,436 
 George Culmer(1)                         357,526 
 Andrew Bester                            187,354 
 Karin Cook                               105,215 
 Antonio Lorenzo                          260,079 
 Vim Maru                                 111,589 
 David Oldfield                            95,281 
 Miguel-Ángel Rodríguez-Sola    243,830 
 Toby Strauss                              52,896 
 Matt Young                               181,213

(1) The 2012 Deferred Bonus Award was awarded to Juan Colombás before he joined the Board as an Executive Director in November 2013 and accordingly vests in tranches from 2013 to 2016. The 2012 Deferred Bonus Award for George Culmer vests in two tranches in 2015.

Mr Horta-Osório waived his right to be considered for a bonus in 2011. His annual bonus awards for 2012, 2013 and 2014 performance are subject to additional conditions including deferral for five years and accordingly will not be released in 2015. Juan Colombás and George Culmer's annual bonus awards for 2013 and 2014 performance are subject to deferral until at least March 2016 and 2017 respectively and accordingly do not vest in 2015.

Following these transactions, Executive Directors and Members of the Group Executive Committee 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

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 02, 2015 10:50 ET (14:50 GMT)

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