REG - Lloyds Banking Group - Director/PDMR Shareholding
22/09/2022 16:15
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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
(http://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 +44 (0) 20 7356 1571
Group Investor Relations Director
Email: douglas.radcliffe@lloydsbanking.com
Group Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Media Relations
Email: matt.smith@lloydsbanking.com
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 Charlie Nunn
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 Ordinary Shares of 10p each
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)
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 Ordinary Shares of 10p each
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)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Antonio Lorenzo
2 Reason for the notification
a) Position/status CEO, Insurance, Pensions and Investments
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 Ordinary Shares of 10p each
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)
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 Ordinary Shares of 10p each
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
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Oldfield
2 Reason for the notification
a) Position/status CEO, Commercial Banking and Interim Group 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 Ordinary Shares of 10p each
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)
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 Ordinary Shares of 10p each
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
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, Sustainable Business
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 Ordinary Shares of 10p each
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)
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 Ordinary Shares of 10p each
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 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
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 Ordinary Shares of 10p each
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)
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 Ordinary Shares of 10p each
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 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
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Walton
2 Reason for the notification
a) Position/status Chief Corporate Affairs 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 Ordinary Shares of 10p each
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)
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 Ordinary Shares of 10p each
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
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Sharon Doherty
2 Reason for the notification
a) Position/status Chief People and Places 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 Ordinary Shares of 10p each
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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