3 September 2014
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")
As previously announced, the deferred bonus awards for 2010, 2011, 2012 and 2013 performance would vest in tranches over the period September 2011 to September 2017 and be released in Shares.
In this respect, the Group announces that on 2 September 2014, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received the number of Shares as set out by their name. The Shares were acquired for nil consideration.
|
Name
|
Shares
|
|
Andrew Bester
|
188,151
|
|
Alison Brittain
|
432,798
|
|
Juan Colombás
|
231,604
|
|
António Lorenzo
|
357,284
|
|
David Nicholson
|
88,494
|
|
David Oldfield
|
118,122
|
|
Miguel-Ángel Rodríguez-Sola
|
237,239
|
|
Toby Strauss
|
128,049
|
|
Matt Young
|
191,447
|
David Oldfield sold the 118,122 Shares released to him at 75.9259 pence per Share.
Mr Horta-Osório waived his right to be considered for a bonus in 2011. His conditional bonus awards for 2012 and 2013 performance are subject to deferral for five years and accordingly do not vest in 2014. The conditional bonus award to Mr Culmer for 2012 performance and to Mr Colombás and Mr Culmer for 2013 performance are subject to deferral until 2015 and 2016 respectively and accordingly do not vest in 2014.
This disclosure is 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
Head of Operations & Reporting
Email: douglas.radcliffe@finance.lloydsbanking.com
Group Corporate Affairs
Andrew Swailes +44 (0) 20 7356 1714
Media Relations Manager, Corporate
Email: andrew.swailes@lloydsbanking.com