RNS Number : 3698I
Lloyds Banking Group PLC
26 March 2024
 

26 March 2024

 

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 2023 Annual Report and Accounts published on 22 February 2024. The 2023 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com.

 

Fixed Share Awards

This announcement details the number of Shares acquired by PDMRs in respect of the first quarter of 2024 under the Group's Fixed Share Award. In this respect, the PDMRs listed in the table below acquired on 25 March 2024, after the settlement of income tax and national insurance contributions, the number of Shares as set out by their name. The acquisition price was 52.1236 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 25 March.

 

Name

Shares

Charlie Nunn

266,913

William Chalmers

128,118

 

 

Exercise of options to acquire Shares

Charlie Nunn, Chira Barua, Jayne Opperman and Ron van Kemenade acquired Shares following the exercise of share buyout awards (for nil consideration) on 25 March 2024. The number of Shares acquired by each, after the settlement of income tax and national insurance contributions, is as set out below by their name. The Shares received are subject to holding periods in line with the periods applicable to the awards from their previous employer which were bought out.

 

Name

 

 

Net Shares

Charlie Nunn



711,874

Chira Barua



157,985

Jayne Opperman



269,043

Ron van Kemenade



55,793

 

 

Disposal of Shares

Chira Barua sold 204,234 Shares on 22 March 2024 at a price of 52.0005 pence per Share. Following that sale of Shares, Chira continues to be on track to achieve the Group's shareholding policy requirements.

 

 

ENQUIRIES:

 

Investor Relations

Douglas Radcliffe

Group Investor Relations Director

Email: douglas.radcliffe@lloydsbanking.com

 

Group Corporate Affairs

Matt Smith

Head of Media Relations

Email: matt.smith@lloydsbanking.com

 

+44 (0) 20 7356 1571

 

 

 

 

+44 (0) 7788 352 487

 

 

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

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

Nature of the transaction

 

 

Acquisition of Shares - In respect of the first quarter of 2024 under the Group's Fixed Share Award

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)




GBP00.521236

266,913







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

 

 

e)

Date of the transaction

 

2024-03-25

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

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

Nature of the transaction

 

 

Acquisition of Shares following the exercise of a share 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

711,874







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

 

 

e)

Date of the transaction

 

2024-03-25

f)

Place of the transaction

Outside a trading venue

 

 

 

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

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

Nature of the transaction

 

 

Acquisition of Shares - In respect of the first quarter of 2024 under the Group's Fixed Share Award

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)




GBP00.521236

128,118







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

 

e)

Date of the transaction

 

2024-03-25

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

 

CEO, Scottish Widows and CEO, 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

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

Nature of the transaction

 

 

Acquisition of Shares following the exercise of a share 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

157,985







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

 

 

e)

Date of the transaction

 

2024-03-25

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

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

Nature of the transaction

 

 

Disposal of Shares

c)

Price(s) and volume(s)







Price(s)

 

Volume(s)




GBP00.520005

204,234







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

 

 

e)

Date of the transaction

 

2024-03-22

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

Nature of the transaction

 

 

Acquisition of Shares following the exercise of a share 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

269,043







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

e)

Date of the transaction

 

2024-03-25

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

 

Identification code

 

Ordinary Shares of 10p each

 

 

 

GB0008706128

b)

Nature of the transaction

 

 

Acquisition of Shares following the exercise of a share 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

55,793







d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

 

 

e)

Date of the transaction

 

2024-03-25

f)

Place of the transaction

Outside a trading venue

 

 

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