TIDMLLOY
RNS Number : 3550A
Lloyds Banking Group PLC
22 September 2022
22 September 2022
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
disclosures in the 2021 Annual Report and Accounts published on 24
February 2022. The 2021 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 third quarter of 2022 under the Group's Fixed
Share Award. In this respect, the PDMRs listed in the table below
acquired on 22 September 2022, after the settlement of income tax
and national insurance contributions, the number of Shares as set
out by their name. The acquisition price was 48.1791 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 22 September.
Name Shares
----------------- -------
Charlie Nunn 281,955
William Chalmers 135,338
Antonio Lorenzo 134,210
David Oldfield 131,579
Janet Pope 93,985
Stephen Shelley 133,459
Andrew Walton 93,985
Release of Group Ownership Share Awards
The Exec GOS awards which related to performance in 2019 were
partially released on 22 September 2022. In respect of the portion
of these awards that were released, the Group announces that on 22
September 2022, after the settlement of income tax and national
insurance contributions, the PDMRs listed in the table below
received (for no payment) the number of Shares as set out by their
name.
Executive Directors and Material Risk Takers (as identified at
the time of the award) are required to retain any shares vesting
under the 2019 Exec GOS until March 2023.
Name 2019 Exec GOS(1)
Antonio Lorenzo 185,577
David Oldfield 185,577
Janet Pope 100,427
Stephen Shelley 164,131
Andrew Walton 37,243
(1) As previously disclosed, the 2019 Exec GOS vested at
41.8%.
BUY OUT AWARD FOR CHIEF PEOPLE AND PLACES OFFICER
Sharon Doherty joined the Group on 6 June 2022 and was appointed
as Chief People and Places Officer. It was agreed that Ms Doherty
would on appointment be granted deferred share awards over
6,272,966 Shares to replace unvested awards from her previous
employer that are forfeit as a result of her joining the Group. The
awards will vest in two parts, 50% in June 2023 and the remaining
50% in June 2024. The awards were granted in accordance with the
regulatory requirements for buy-outs to which the Group is subject,
as detailed in the PRA Rulebook and corresponding FCA
requirements.
ENQUIRIES:
Investor Relations
Douglas Radcliffe
Group Investor Relations Director
Email: douglas.radcliffe@ lloydsbanking.com +44 (0) 20 7356 1571
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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Charlie Nunn
----------------------------- -----------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Group Chief Executive
----------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/ Amendment
----------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Lloyds Banking Group plc
----------------------------- -----------------------------------------------
b) LEI 549300PPXHEU2JF0AM85
----------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated
4 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 third quarter of 2022 under
the Group's Fixed Share Award.
----------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------- ---------------
Price(s) Volume(s)
---------------- ---------------
Fixed Share Award GBP00.481791 281,955
------------------------- ---------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- ----------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name William Chalmers
----------------------------- -----------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/ Amendment
----------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Lloyds Banking Group plc
----------------------------- -----------------------------------------------
b) LEI 549300PPXHEU2JF0AM85
----------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated
4 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 third quarter of 2022 under
the Group's Fixed Share Award.
----------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------- ---------------
Price(s) Volume(s)
---------------- ---------------
Fixed Share Award GBP00.481791 135,338
------------------------- ---------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- ----------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Antonio Lorenzo
----------------------------- ---------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status CEO, Insurance, Pensions and Investments
----------------------------- ---------------------------------------------------
b) Initial notification Initial Notification
/ Amendment
----------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Lloyds Banking Group plc
----------------------------- ---------------------------------------------------
b) LEI 549300PPXHEU2JF0AM85
----------------------------- ---------------------------------------------------
Details of the transaction(s): section to be repeated
4 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 third quarter of 2022 under
the Group's Fixed Share Award.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------- ----------------
Price(s) Volume(s)
----------------- ----------------
Fixed Share Award GBP00.481791 134,210
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
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 Shares acquired in respect of the
vesting of the 2019 Group Ownership
Share (GOS) Award on a net of income
tax and national insurance contributions
(NICs) basis.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------- ----------------
Price(s) Volume(s)
----------------- ----------------
GBP00.0000 185,577
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- --------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name David Oldfield
----------------------------- ---------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status CEO, Commercial Banking and Interim
Group Chief Operating Officer
----------------------------- ---------------------------------------------------
b) Initial notification Initial Notification
/ Amendment
----------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 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 third quarter of 2022 under
the Group's Fixed Share Award.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
Fixed Share Award GBP00.481791 131,579
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
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 Shares acquired in respect of the
vesting of the 2019 Group Ownership
Share (GOS) Award on a net of income
tax and national insurance contributions
(NICs) basis.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
GBP00.0000 185,577
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- --------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Janet Pope
----------------------------- ---------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status Chief of Staff and Group Director,
Sustainable Business
----------------------------- ---------------------------------------------------
b) Initial notification Initial Notification
/ Amendment
----------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 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 third quarter of 2022 under
the Group's Fixed Share Award.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
Fixed Share Award GBP00.481791 93,985
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
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
GB0008706128
Identification code
----------------------------- --------------------------------------------------
b) Nature of the transaction Shares acquired in respect of the
vesting of the 2019 Group Ownership
Share (GOS) Award on a net of income
tax and national insurance contributions
(NICs) basis.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
GBP00.0000 100,427
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- --------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stephen Shelley
----------------------------- ---------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status Chief Risk Officer
----------------------------- ---------------------------------------------------
b) Initial notification Initial Notification
/ Amendment
----------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 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 third quarter of 2022 under
the Group's Fixed Share Award.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
Fixed Share Award GBP00.481791 133,459
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
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
GB0008706128
Identification code
----------------------------- --------------------------------------------------
b) Nature of the transaction Shares acquired in respect of the
vesting of the 2019 Group Ownership
Share (GOS) Award on a net of income
tax and national insurance contributions
(NICs) basis.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
GBP00.0000 164,131
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- --------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Andrew Walton
----------------------------- ---------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status Chief Corporate Affairs Officer
----------------------------- ---------------------------------------------------
b) Initial notification Initial Notification
/ Amendment
----------------------------- ---------------------------------------------------
Details of the issuer, emission allowance market participant,
3 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 third quarter of 2022 under
the Group's Fixed Share Award.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
Fixed Share Award GBP00.481791 93,985
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
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 Shares acquired in respect of the
vesting of the 2019 Group Ownership
Share (GOS) Award on a net of income
tax and national insurance contributions
(NICs) basis.
----------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
GBP00.0000 37,243
---------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
----------------------------- --------------------------------------------------
e) Date of the transaction 2022-09-22
----------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- --------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name
Sharon Doherty
--------------------------------------- --------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief People and Places Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial Notification
/ Amendment
--------------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Lloyds Banking Group plc
--------------------------------------- --------------------------------------------
b) LEI 549300PPXHEU2JF0AM85
--------------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Grant of awards under the Group's
Deferred Bonus Plan 2021 in the form
of options
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.00 6,272,966
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume
N/A (single transaction)
- Price
--------------------------------------- --------------------------------------------
e) Date of the transaction 2022-09-22
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- --------------------------------------------
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END
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