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Lloyds Banking Group alert service

RNS Number : 5887B
Lloyds Banking Group PLC
17 June 2016
 

17 June 2016

 

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 Summary Remuneration Announcement published on 25 February 2016 and disclosures in the 2015 Annual Report and Accounts published on 8 March 2016. The 2015 Annual Report and Accounts is available on the 'Financial Performance' page in the 'Investors & Performance' section of the Group's website www.lloydsbankinggroup.com.

 

2015 Group Annual Bonus

The first tranche of bonus awards in respect of 2015 performance for members of the Group Executive Committee other than the Group Chief Executive and Executive Directors vests in June 2016. As already described in the Summary Remuneration Announcement, these awards are released in Shares based on the prevailing share price.

 

In this respect, the Group was notified on 17 June 2016 that, the PDMRs listed in the table below acquired on 17 June 2016, after the settlement of income tax liabilities and National Insurance contributions, the number of Shares as set out by their name. The Shares were acquired for nil consideration. 

 

Name

Shares

Andrew Bester

56,111

Karin Cook

39,122

Antonio Lorenzo

98,131

Vim Maru

58,938

David Oldfield

51,229

Miguel-Ángel Rodríguez-Sola

55,197

Matt Young

72,797

 

The annual bonus awards for 2015 performance for António Horta-Osório, Juan Colombás and George Culmer are subject to deferral until at least March 2018 and accordingly do not vest in 2016

 

Group Chief Executive Acquisition of Shares

As described in the Summary Remuneration Announcement, the Group Chief Executive's 4 per cent additional increase in base salary is delivered monthly in Shares and the Shares will be held until the Government has sold its shareholding in the Group.

 

In this respect, the Group was notified on 17 June 2016 that, after the settlement of income tax liabilities and National Insurance contributions, 2,920 Shares were acquired on 17 June 2016 on behalf of António Horta-Osório in respect of his June 2016 salary. The acquisition price was 64.698 pence per Share. 

 

Fixed Share Awards

This announcement details the number of Shares acquired by PDMRs in respect of the second quarter of 2016 under the Group's Fixed Share Award, as described in the Summary Remuneration Announcement. In this respect, the Group was notified on 17 June 2016 that, after the settlement of income tax liabilities and National Insurance contributions, Shares were acquired on 17 June 2016 on behalf of the PDMRs as listed in the table below. The acquisition price was 64.698 pence per Share. 

 

The Shares will be held on behalf of the PDMRs and will be released over five years, with 20 per cent being released each year on the anniversary of the award.

 

 

Name

Shares

António Horta-Osório

184,317

Juan Colombás

101,784

George Culmer

103,218

Andrew Bester

100,350

Karin Cook

83,147

Simon Davies

100,350

Antonio Lorenzo

110,672

Vim Maru

83,147

David Oldfield

93,182

Miguel-Ángel Rodríguez-Sola

83,864

Matt Young

71,679

 

 

 

These disclosures are made pursuant to the Financial Conduct Authority's Disclosure and Transparency Rule 3.1.4.  The transactions took place in the UK and the Shares are listed on the London Stock Exchange.

 

 

ENQUIRIES:

 

Investor Relations

Douglas Radcliffe                                                                   +44 (0) 20 7356 1571

Group Investor Relations Director

Email: douglas.radcliffe@finance.lloydsbanking.com

 

Group Corporate Affairs

Matt Smith                                                                               +44 (0) 20 7356 3522

Head of Corporate Media

Email: matt.smith@lloydsbanking.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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