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Lloyds BankingAnnouncement

06/09/2014 02:09

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RNS Number : 2760J
Lloyds Banking Group PLC
10 June 2014 
 
10 June 2014 
 
LLOYDS BANKING GROUP PLC ("GROUP") - NOTIFICATION OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES IN ORDINARY SHARES OF THE GROUP OF 10P
EACH ("SHARES") 
 
As previously announced on 24 March 2014, the first tranche of the deferred
bonus awards in respect of 2013 performance for members of the Group Executive
Committee would vest in June 2014 and be released in Shares based on the
prevailing share price. 
 
In this respect, the Group announces that on 9 June 2014, after the settlement
of income tax and national insurance contributions, the  members of the Group
Executive Committee listed in the table below received the number of Shares as
set out by their name. The Shares were acquired for nil consideration. 
 
 Name                         Shares   
 Andrew Bester                112,451  
 Alison Brittain              154,451  
 António Lorenzo              112,451  
 David Nicholson              72,145   
 David Oldfield               70,857   
 Miguel-Ángel Rodríguez-Sola  75,870   
 Toby Strauss                 102,628  
 Matt Young                   91,451   
 
 
António Lorenzo and David Oldfield respectively sold the 112,451 and 70,857
Shares released to them in the first tranche at 78.2382 pence per Share. 
 
Mr Horta-Osório's conditional bonus award for 2013 performance is subject to
deferral for five years and to performance adjustment and forfeiture
provisions during the first three years and accordingly does not vest in
2014. 
 
Juan Colombás and George Culmer's conditional bonus awards for 2013
performance are subject to deferral and to performance adjustment until at
least March 2016 and accordingly do not vest in 2014. 
 
This disclosure is 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 
 
Head of Operations & Reporting 
 
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