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Lloyds Banking Group PLC — Director's Dealing 2017
Mar 31, 2017
4691_rns_2017-03-31_0a5039ac-f62b-43f2-953a-e4e4e8004f41.html
Director's Dealing
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RNS Number : 2250B
Lloyds Banking Group PLC
31 March 2017
31 March 2017
LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')
Exercise of options to acquire Shares
Simon Davies, a PDMR, acquired 245,218 Shares, following the exercise of a share buyout award (for nil consideration) on 31 March 2017. The award was granted and announced in March 2016 for the loss of benefits forfeited as a result of his departure from Linklaters LLP. Simon Davies has retained all the Shares apart from 115,659 Shares which were sold (at 66.16 pence per Share) to meet income tax and national insurance contributions arising from the acquisition.
Following the acquisition of Shares, Simon Davies (and persons closely associated) holds 657,947 Shares, including Shares subject to holding periods of up to a further two years post vesting, and continues to comply with the Group's shareholding policy requirements.
ENQUIRIES:
| Investor Relations Douglas Radcliffe Group Investor Relations Director Email: [email protected] Group Corporate Affairs Matt Smith Head of Corporate Media Email: [email protected] |
+44 (0) 20 7356 1571 +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 | Simon Davies | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief People, Legal and Strategy 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 (Gross) before sale of Shares for income tax and NICs. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.0000 | 245,218 | ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A (Single transaction) | |||
| e) | Date of the transaction | 31 March 2017 | |||
| 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 on behalf of PDMR to meet income tax and national insurance contributions due on the exercise of share award. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.6616 | 115,659 | ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A (single transaction) | |||
| e) | Date of the transaction | 31 March 2017 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) |
This information is provided by RNS
The company news service from the London Stock Exchange
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