TIDMLLOY
RNS Number : 5406T
Lloyds Banking Group PLC
25 March 2021
25 March 2021
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')
This announcement should be read in conjunction with the Summary
Remuneration Announcement and disclosures in the 2020 Annual Report
and Accounts published on 24 February 2021. The 2020 Annual Report
and Accounts is available on the 'Financial downloads' page in the
'Investors' section of the Group's website
www.lloydsbankinggroup.com .
Fixed Share Awards
This announcement details the number of Shares acquired by PDMRs
in respect of the first quarter of 2021 under the Group's Fixed
Share Award. In this respect, the PDMRs listed in the table below
acquired on 25 March 2021, after the settlement of income tax and
national insurance contributions, the number of Shares as set out
by their name. The acquisition price was 42.162 pence per
Share.
The Shares will be held on behalf of the PDMRs and will be
released over a three year period, with one-third being released
each year on 25 March.
Name Shares
------------------------------- -------
António Horta-Osório 329,977
William Chalmers 158,389
Antonio Lorenzo 157,069
Vim Maru 157,069
Zak Mian 142,990
David Oldfield 153,989
Janet Pope 109,992
Stephen Shelley 156,189
Andrew Walton 109,992
Disposal of Shares
The Group announces the sales of Shares by PDMRs as set out
below. Following the sales of Shares, the PDMRs continue to comply
with the Group's shareholding policy requirements and hold Shares
as set out below, including Shares subject to holding periods of up
to a further two years post vesting.
Name of PDMR Number of Price Per Transaction Number of Shares
Shares Sold Share Date held by PDMR (and
persons closely associated)
following the sale
(but prior to release
of relevant Fixed
Share Award)
Vim Maru 500,000 41.66p 24/03/2021 5,868,833
500,000 41.475p 24/03/2021
Andrew Walton 138,485 41.571p 24/03/2021 790,269
81,926 41.4421p 24/03/2021
ENQUIRIES:
Investor Relations
Douglas Radcliffe
Group Investor Relations Director +44 (0) 20 7356 1571
Email: douglas.radcliffe@ lloydsbanking.com
Group Corporate Affairs
Matt Smith
Head of Media Relations
Email: matt.smith@lloydsbanking.com +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 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
------------------------------------ ----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 329,977
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
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 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 the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 158,389
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
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 and Wealth
------------------------------------ ------------------------------------------------
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 the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -------------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -------------------------------------------------
c) Price(s) and volume(s)
------------------------- --------------
Price(s) Volume(s)
------------------------- --------------
Fixed Share Award GBP00.421620 157,069
------------------------------ --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -------------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -------------------------------------------------
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, Retail
------------------------------------ ----------------------------------------------
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
------------------------------------ ----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 157,069
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Disposal of Shares.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
GBP00.416600 500,000
--------------------------------------------------------------- --------------
GBP00.41475 500,000
--------------------------------------------------------------- --------------
d) Aggregated information
- Aggregated volume 1,000,000
- Price GBP00.415675
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-24
---------------------------------- -----------------------------------------------
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, Transformation
------------------------------------ ----------------------------------------------
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
------------------------------------ ----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 142,990
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
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, Commercial Banking
------------------------------------ ----------------------------------------------
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
------------------------------------ ----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 153,989
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Janet Pope
------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Chief of Staff and Group Director,
Corporate Affairs and Responsible
Business & Inclusion
------------------------------------ ----------------------------------------------
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
------------------------------------ ----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 109,992
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Shelley
------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Chief Risk Officer
------------------------------------ ----------------------------------------------
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
------------------------------------ ----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 156,189
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Walton
------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Group Corporate Affairs Director
------------------------------------ ----------------------------------------------
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
------------------------------------ ----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition of Shares - In respect
of the first quarter of 2021 under
the Group's Fixed Share Award.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
Fixed Share Award GBP00.421620 109,992
---------------------------- --------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 2021-03-25
---------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
4 (iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
Identification code GB0008706128
---------------------------------- -----------------------------------------------
b) Nature of the transaction Disposal of Shares.
---------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
----------------------- --------------
Price(s) Volume(s)
----------------------- --------------
GBP00.415710 138,485
--------------------------------------------------------------- --------------
GBP00.414421 81,926
--------------------------------------------------------------- --------------
d) Aggregated information
- Aggregated volume 220,411
- Price GBP00.41506
e) Date of the transaction 2021-03-24
---------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- -----------------------------------------------
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