TIDMLLOY

RNS Number : 7703H

Lloyds Banking Group PLC

02 August 2019

02 August 2019

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')

Exercise of options to acquire Shares

William Chalmers, a PDMR, acquired 818,172 Shares, following the exercise of a share buy out award (for nil consideration) on 1 August 2019. The details of the share buy out award were announced in June 2019 at the time of the award. William Chalmers retained all the Shares apart from 384,733 Shares which were sold at a price of 52.636 pence per Share to meet income tax and National Insurance contributions.

Following the acquisition and disposal of Shares referred to above, William Chalmers (and persons closely associated) holds 467,468 Shares, which are subject to holding periods, and complies with the Group's shareholding policy requirements.

Disposal of Shares

The Group announces the sale of Shares by António Horta-Osório, a PDMR, as set out below. Following the sale of Shares, António Horta-Osório continues to comply with the Group's shareholding policy requirements and holds Shares as detailed below, including Shares subject to holding periods of up to a further two years post vesting.

 
 Name of PDMR                         Number of       Volume Weighted   Transaction       Number of Shares 
                                    Shares sold         Average Price          date       held by the PDMR 
                                                            Per Share                         (and persons 
                                                                                       closely associated) 
                                                                                             following the 
                                                                                                      sale 
 António Horta-Osório       6,750,000              52.7564p    01/08/2019             21,237,854 
 

ENQUIRIES:

 
 Investor Relations 
  Douglas Radcliffe 
  Group Investor Relations Director                       +44 (0) 20 7356 1571 
  Email: douglas.radcliffe@finance.lloydsbanking.com 
 
  Group Corporate Affairs 
  Matt Smith 
  Head of Media Relations 
  Email: matt.smith@lloydsbanking.com                     +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                 Initial Notification 
        / Amendment 
      -----------------------------------  ------------------------------------- 
 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                   Ordinary Shares of 10p each 
        financial instrument, 
        type of instrument 
 
        Identification code                  GB0008706128 
      -----------------------------------  ------------------------------------- 
 b)    Nature of the transaction            Disposal of Shares. 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            -------------------  ------------- 
                                             Price(s)             Volume(s) 
                                            -------------------  ------------- 
  Disposal of Shares                     GBP 00.527114            1,500,000 
                                        -----------------------  ------------- 
    GBP 00.52779                                                  3,000,000 
   ------------------------------------------------------------  ------------- 
    GBP 00.527195                                                 1,500,000 
   ------------------------------------------------------------  ------------- 
    GBP 00.5283                                                   750,000 
   ------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
 
        - Aggregated volume                   6,750,000 
 
        - Price                               GBP 00.527564 
      -----------------------------------  ------------------------------------- 
 e)    Date of the transaction              1 August 2019 
      -----------------------------------  ------------------------------------- 
 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    Initial Notification 
        / Amendment 
      ----------------------  ----------------------------- 
 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             Ordinary Shares of 10p each 
        of the financial 
        instrument, 
        type of instrument 
                                GB0008706128 
        Identification 
        code 
      ----------------------  -----------------------------  --------------------------------------- 
 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                818,172 
                                                         ------------------------  --------------- 
 
 d)    Aggregated information 
 
        - Aggregated volume                                     N/A (single transaction) 
 
        - Price 
      -----------------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                                1 August 2019 
      -----------------------------------------------------  --------------------------------------- 
 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,               Ordinary Shares of 10p each 
        type of instrument 
 
        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) 
                                                              -------------------  --------------- 
                                                          GBP00.52636               384,733 
                                                         ------------------------  --------------- 
 
 d)    Aggregated information 
 
        - Aggregated volume                                     N/A single transaction 
 
        - Price 
      -----------------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                                1 August 2019 
      -----------------------------------------------------  --------------------------------------- 
 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 or visit www.rns.com.

END

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