REG - Lloyds Banking Group - Director/PDMR Shareholding

Lloyds BankingAnnouncement

22/06/2023 14:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230622:nRSV6219Da&default-theme=true

RNS Number : 6219D  Lloyds Banking Group PLC  22 June 2023

22 June 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 second quarter of 2023 under the Group's Fixed Share Award. In this
respect, the PDMRs listed in the table below acquired on 21 June 2023, after
the settlement of income tax and national insurance contributions, the number
of Shares set out by their name below. The acquisition price was 44.145
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 21 June.

 

 Name               Shares
 Charlie Nunn       315,154

 William Chalmers   151,274

 

Buyout awards for Chirantan Barua and Ron van Kemenade

Chirantan Barua and Ron van Kemenade joined the Group in Q2 2023. 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.

 

As a number of Ron's awards would have already vested at the time he joined
they have immediately vested on grant. In this respect, the Group announces
that, after settlement of income tax and national insurance, 28,141 Shares
were released to Ron which be subject to a retention period until May 2027.

 

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.

 

In addition, Chirantan was granted a 'lost opportunity' bonus award for the
loss of his bonus award from HSBC for the 2022 performance year. The award
will mirror the Group deferral schedule and after settlement of income tax and
national insurance, 204,234 Shares for the March 2023 element were released to
Chirantan on 21 June 2023, subject to a retention period until March 2024.

 

Exercise of options to acquire Shares

Sharon Doherty acquired 3,136,483 Shares, following the exercise of a share
buyout award (for nil consideration) on 21 June 2023. The details of the share
buyout award, to replace forfeited awards from Sharon's previous employer,
were announced in September 2022 at the time of the award. Sharon retained all
the Shares apart from 1,474,377 Shares, which were sold at a price
of 44.035  pence per Share to cover income tax and national insurance
contributions.

 

John Winter acquired 338,604 Shares, following the exercise of a share buyout
award (for nil consideration) on 21 June 2023. The details of the share buyout
award, to replace forfeited awards from John's previous employer, were
announced in March 2023 at the time of the award. John retained all the Shares
apart from 159,374 Shares, which were sold at a price of 44.035 pence per
Share to cover income tax and national insurance contributions. The shares
will be subject to a retention period of 12 months.

 

ENQUIRIES:

 

 Investor Relations

 Douglas Radcliffe                                                           +44 (0) 20 7356 1571

 Group Investor Relations Director

 Email: douglas.radcliffe@ (mailto:douglas.radcliffe@lloydsbanking.com)
 lloydsbanking.com (mailto:douglas.radcliffe@lloydsbanking.com)

 Group Corporate Affairs

                                                                           +44 (0) 20 7356 3522
 Matt Smith

 Head of Media Relations

 Email: matt.smith@lloydsbanking.com (mailto: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 second quarter of 2023 under the

                                                            Group's Fixed Share Award.

 c)   Price(s) and volume(s)
                                                                                        Price(s)             Volume(s)

                                                                                        GBP00.44145          315,154

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 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 second quarter of 2023 under the

                                                            Group's Fixed Share Award.

 c)   Price(s) and volume(s)
                                                                                        Price(s)             Volume(s)

                                                                                        GBP00.44145          151,274

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                          Chirantan Barua

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Officer, Insurance, Pensions & 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                                    Grant of awards under the Group's Deferred Bonus Plan 2021 in the form of

                                                            nil-priced options and/or conditional awards

 c)   Price(s) and volume(s)
                                                                                        Price(s)             Volume(s)

                                                                                        GBP00.0000           2,868,033

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 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                                    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           204,234

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 f)   Place of the transaction                                     Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                          Ron van Kemenade

 2    Reason for the notification

 a)   Position/status                                              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                                    Grant of awards under the Group's Deferred Bonus Plan 2021 in the form of

                                                            nil-priced options and/or conditional awards

 c)   Price(s) and volume(s)
                                                                                        Price(s)             Volume(s)

                                                                                        GBP00.0000           935,305

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 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                                    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           28,141

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 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 & 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                                    Acquisition of Shares following the exercise of a share award.

 c)   Price(s) and volume(s)
                                                                                        Price(s)             Volume(s)

                                                                                        GBP00.00             3,136,483

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 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)

                                                                                        GBP00.44035          1,474,377

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                          John Winters

 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                                    Acquisition of Shares following the exercise of a share award.

 c)   Price(s) and volume(s)
                                                                                        Price(s)             Volume(s)

                                                                                        GBP00.00             338,604

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 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)

                                                                                        GBP00.44035          159,374

 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price

 e)   Date of the transaction                                      2023-06-21

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBBGDLLXDDGXD