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Lloyds Banking Group - Director/PDMR Shareholding

RNS Number : 5787P
Lloyds Banking Group PLC
10 June 2020
 

10 June 2020

 

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 reports various transactions in Shares by PDMRs pursuant to the employee share plan and incentive arrangements operated by the Group. This announcement should be read in conjunction with the disclosures in the 2019 Annual Report and Accounts published on 20 February 2020. The 2019 Annual Report and Accounts is available on the 'Annual Reports' page in the 'Investors & Performance' section of the Group's website www.lloydsbankinggroup.com.

 

Group Performance Share Awards

This announcement details the number of Shares to which PDMRs became entitled in respect of the release on 8 June 2020 of Group Performance Share Awards arising from the 2019 Annual Bonus ("GPS Awards").

 

In this respect, the PDMRs listed in the table below became entitled, for nil consideration, to the number of Shares in respect of the GPS Awards listed below, in each case as shown after the settlement of income tax liabilities and National Insurance contributions. 

 

Name

Shares

William Chalmers

60,435

Antonio Lorenzo

59,432(1)

Vim Maru

63,971

Zak Mian

48,063

Janet Pope

34,539

Stephen Shelley

46,328

Andrew Walton

48,110

 

1 Includes 7,420 shares from the 2017 Group Performance Share Award at a release price of 36.99p, half of which will be subject to a holding period until March 2021.

 

Sale of Shares

The Group announces the sale of Shares in respect of the GPS Awards for the PDMRs and a sale of Shares by Antonio Lorenzo as set out below. Following the transactions, 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 Shares

Price Per Share

Transaction date

Number of Shares held by the PDMR (and persons closely associated)

following the transaction

Zak Mian

48,063

32.5401p

08/06/2020

3,699,098

Janet Pope

34,539

32.5401p

08/06/2020

3,067,182

Antonio Lorenzo

400,000

37.823p

08/06/2020

9,934,700

 

 

Monthly Partnership and Matching Shares

This announcement also includes details in respect of the monthly acquisition of Partnership Shares and award of Matching Shares under the Group's Share Incentive Plan ("SIP"), made on 9 June 2020, in respect of those PDMRs who are participants in the SIP.

 

 

 

ENQUIRIES:

 

Investor Relations

Douglas Radcliffe

Group Investor Relations Director

Email: [email protected]finance.lloydsbanking.com

 

Group Corporate Affairs

Matt Smith

Head of Media Relations

Email: [email protected]

 

+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

 

 

Acquisition of Shares under the Group's Share Incentive Plan.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


Partnership Shares


GBP00.3688

407


Matching Shares


GBP00.0000

122







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

529

 

See 4(c)

e)

Date of the transaction

 

2020-06-09

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

Juan Colombás

2

Reason for the notification

 

a)

Position/status

 

Chief Operating 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 under the Group's Share Incentive Plan.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


Partnership Shares


GBP00.3688

339


Matching Shares


GBP00.0000

122







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

461

 

See 4(c)

e)

Date of the transaction

 

2020-06-09

f)

Place of the transaction

Outside a trading venue

 

 

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

 

Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


2019 Group Performance Share Award


GBP00.0000

60,435







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2020-06-08

f)

Place of the transaction

Outside a trading venue

 




 

 

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 / 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

 

Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


2019 Group Performance Share Award


GBP00.0000

52,012







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2020-06-08

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

 

Shares acquired in respect of the vesting of the 2017 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


Deferred Bonus Plan (2017)


GBP00.0000

7,420







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2020-06-08

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.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)




GBP00.37823

400,000







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

 

 

 

e)

Date of the transaction

 

2020-06-08

f)

Place of the transaction

London Stock Exchange (XLON)

 

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 under the Group's Share Incentive Plan.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


Partnership Shares


GBP00.3688

406


Matching Shares


GBP00.0000

122







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

528

 

See 4(c)

e)

Date of the transaction

 

2020-06-09

f)

Place of the transaction

Outside a trading venue

 

 

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 / 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

 

Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


2019 Group Performance Share Award


GBP00.0000

63,971







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2020-06-08

f)

Place of the transaction

Outside a trading venue

 

 



 

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 / 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

 

Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


2019 Group Performance Share Award


GBP00.0000

48,063







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2020-06-08

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.

 

 

c)

Price(s) and volume(s)





 



Price(s)

 

Volume(s)


 



GBP00.325401

48,063


 






 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

 

 

 

e)

Date of the transaction

 

2020-06-08

 

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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 under the Group's Share Incentive Plan.

 

 

c)

Price(s) and volume(s)





 



Price(s)

 

Volume(s)


 

Partnership Shares


GBP00.3688

81


 

Matching Shares


GBP00.0000

120


 






 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

201

 

See 4(c)

 

e)

Date of the transaction

 

2020-06-09

 

f)

Place of the transaction

Outside a trading venue

 

 



 

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, Responsible Business & Inclusion

 

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

 

Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


2019 Group Performance Share Award


GBP00.0000

34,539







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2020-06-08

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.

 

 

c)

Price(s) and volume(s)





 



Price(s)

 

Volume(s)


 



GBP00.325401

34,539


 






 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

 

 

e)

Date of the transaction

 

2020-06-08

 

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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 under the Group's Share Incentive Plan.

 

 

c)

Price(s) and volume(s)





 



Price(s)

 

Volume(s)


 

Partnership Shares


GBP00.3688

339


 

Matching Shares


GBP00.0000

122


 






 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

461

 

See 4(c)

 

e)

Date of the transaction

 

2020-06-09

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 

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 / 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

 

 

Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


2019 Group Performance Share Award


GBP00.0000

46,328







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

 

 

 

e)

Date of the transaction

 

2020-06-08

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

 

 

Acquisition of Shares under the Group's Share Incentive Plan.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


Partnership Shares


GBP00.3688

407


Matching Shares


GBP00.0000

122







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

529

 

See 4(c)

e)

Date of the transaction

 

2020-06-09

f)

Place of the transaction

Outside a trading venue

 

 

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 / 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

 

Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.

 

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)


2019 Group Performance Share Award


GBP00.0000

48,110







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2020-06-08

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

 

 

Acquisition of Shares under the Group's Share Incentive Plan.

 

 

c)

Price(s) and volume(s)





 



Price(s)

 

Volume(s)


 

Partnership Shares


GBP00.3688

82


 

Matching Shares


GBP00.0000

122


 






 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

204

 

See 4(c)

 

e)

Date of the transaction

 

2020-06-09

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 


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