TIDMLLOY

RNS Number : 8502M

Lloyds Banking Group PLC

18 October 2016

 
 18 October 
       2016

LLOYDS BANKING GROUP PLC ("GROUP") - NOTIFICATION OF TRANSACTION BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES 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, 3,549 Shares were acquired on 18 October 2016 on behalf of António Horta-Osório in respect of his October 2016 salary. The acquisition price was 53.226 pence per Share.

ENQUIRIES:

 
 Investor Relations 
  Douglas Radcliffe 
  Group Investor Relations 
  Director                                                +44 (0) 20 7356 1571 
  Email: douglas.radcliffe@finance.lloydsbanking.com 
 
  Group Corporate Affairs 
  Matt Smith 
  Head of Corporate Media 
  Email: matt.smith@lloydsbanking.com                     +44 (0) 20 7356 3522

The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.

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       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------------- 
 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             Ordinary Shares of 10p each 
       the financial 
       instrument, type 
       of instrument 
                                  GB0008706128 
       Identification 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Acquisition of Shares at 
       transaction                GBP 00.53226 each. 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. 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Price(s)        Volume(s) 
                                   --------------  ---------- 
                                    GBP 00.53226    3,549 
                                   --------------  ---------- 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume         N/A (single transaction) 
 
       - Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    18 October 2016 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  -----------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 18, 2016 09:00 ET (13:00 GMT)

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