REG - Lloyds Banking Group - Director/PDMR Shareholding
23/03/2023 14:00
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RNS Number : 0385U Lloyds Banking Group PLC 23 March 2023
23 March 2023
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
2022 Annual Report and Accounts published on 22 February 2023. The 2022 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 first quarter of 2023 under the Group's Fixed Share Award. In this
respect, the PDMRs listed in the table below acquired on 22 March 2023, after
the settlement of income tax and national insurance contributions, the number
of Shares as set out by their name. The acquisition price was 48.09
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 March.
Name Shares
Charlie Nunn 285,316
William Chalmers 136,951
Buyout awards for John Winter and Jayne Opperman
John Winter and Jayne Opperman joined the Group in 2022. It was agreed that on
appointment they would be granted deferred cash and deferred share awards to
replace unvested awards from their previous employers that have been forfeited
as a result of them joining the Group. The awards granted match the vesting
and retention periods applying to the awards being forfeited.
The awards were granted in accordance with the regulatory requirements for
buyouts to which the Group is subject, as detailed in the PRA Rulebook and
corresponding FCA requirements.
As a number of Jayne Opperman's awards would have already vested at the time
she joined they have immediately vested on grant. In this respect, the Group
announces that, after settlement of income tax and national insurance, 236,744
Shares were released to Jayne Opperman of which 193,627 continue to be subject
to a retention period of 12 months.
Exercise of options to acquire Shares
Charlie Nunn acquired 1,247,548 Shares, following the exercise of a share
buyout award (for nil consideration) on 21 March 2023. The details of the
share buyout award were announced in September 2021 at the time of the award.
Charlie Nunn retained all the Shares apart from 586,558 Shares, which were
sold at a price of 48.16 pence per Share to meet income tax and national
insurance contributions.
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 first quarter of 2023 under the
Group's Fixed Share Award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 00.4809 285,316
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2023-03-22
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 Acquisition of Shares following the exercise of a share award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 1,247,548
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2023-03-21
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 Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Disposal of Shares acquired following the exercise of a share award to meet
income tax and NICs due.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.4816 586,558
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2023-03-21
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 first quarter of 2023 under the
Group's Fixed Share Award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 00.4809 136,951
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2023-03-22
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Winter
2 Reason for the notification
a) Position/status Chief Executive Officer, Corporate & Institutional Banking
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
nil-priced options or conditional awards
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 1,731,595
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2023-03-22
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jayne Opperman
2 Reason for the notification
a) Position/status Chief Executive Officer, Consumer Relationships
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
nil-priced options or conditional awards
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 3,417,873
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2023-03-22
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 Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Acquisition of shares following the vesting of awards under the Group's
Deferred Bonus Plan 2021
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 236,744
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2023-03-22
f) Place of the transaction Outside a trading venue
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