6-K 1 a5789p.htm DIRECTOR/PDMR SHAREHOLDING a5789p
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
 
 
FORM 6-K
 
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
 
10 June 2020

LLOYDS BANKING GROUP plc

(Translation of registrant's name into English)
 
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
 
 
(Address of principal executive offices)
 
 
 
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
 
Form 20-F..X..     Form 40-F 
 
 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes         No ..X..
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
 
 
Index to Exhibits
 
 
Item
 
 No. 1 Regulatory News Service Announcement, dated 10 June 2020
          re: Director/PDMR Shareholding
 
10 June 2020
 
 
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 reports various transactions in Shares by PDMRs pursuant to the employee share plan and incentive arrangements operated by the Group. This announcement should be read in conjunction with the disclosures in the 2019 Annual Report and Accounts published on 20 February 2020. The 2019 Annual Report and Accounts is available on the 'Annual Reports' page in the 'Investors & Performance' section of the Group's website www.lloydsbankinggroup.com.
 
Group Performance Share Awards
This announcement details the number of Shares to which PDMRs became entitled in respect of the release on 8 June 2020 of Group Performance Share Awards arising from the 2019 Annual Bonus ("GPS Awards").
 
In this respect, the PDMRs listed in the table below became entitled, for nil consideration, to the number of Shares in respect of the GPS Awards listed below, in each case as shown after the settlement of income tax liabilities and National Insurance contributions. 
 
Name
Shares
William Chalmers
60,435
Antonio Lorenzo
59,432(1)
Vim Maru
63,971
Zak Mian
48,063
Janet Pope
34,539
Stephen Shelley
46,328
Andrew Walton
48,110
 
1 Includes 7,420 shares from the 2017 Group Performance Share Award at a release price of 36.99p, half of which will be subject to a holding period until March 2021.
 
Sale of Shares
The Group announces the sale of Shares in respect of the GPS Awards for the PDMRs and a sale of Shares by Antonio Lorenzo as set out below. Following the transactions, the PDMRs continue to comply with the Group's shareholding policy requirements and hold Shares as set out below, including Shares subject to holding periods of up to a further two years post vesting. 
 
Name of PDMR
Number of Shares
Price Per Share
Transaction date
Number of Shares held by the PDMR (and persons closely associated)
following the transaction
Zak Mian
48,063
 
32.5401p
08/06/2020
 
3,699,098
Janet Pope
34,539
 
32.5401p
08/06/2020
 
3,067,182
Antonio Lorenzo
400,000
 
37.823p
08/06/2020
 
9,934,700
 
 
Monthly Partnership and Matching Shares
This announcement also includes details in respect of the monthly acquisition of Partnership Shares and award of Matching Shares under the Group's Share Incentive Plan ("SIP"), made on 9 June 2020, in respect of those PDMRs who are participants in the SIP.
 
 
 
ENQUIRIES:
 
Investor Relations
Douglas Radcliffe
Group Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
 
Group Corporate Affairs
Matt Smith
Head of Media Relations
 
+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
 
António Horta-Osório
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 under the Group's Share Incentive Plan.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Partnership Shares
 
GBP00.3688
407
 
Matching Shares
 
GBP00.0000
122
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
529
 
See 4(c)
 
e)
Date of the transaction
 
2020-06-09
f)
Place of the transaction
Outside a trading venue
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Juan Colombás
2
Reason for the notification
 
a)
Position/status
 
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 under the Group's Share Incentive Plan.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Partnership Shares
 
GBP00.3688
339
 
Matching Shares
 
GBP00.0000
122
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
461
 
See 4(c)
 
e)
Date of the transaction
 
2020-06-09
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
 
Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 Group Performance Share Award
 
GBP00.0000
60,435
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
e)
Date of the transaction
 
2020-06-08
f)
Place of the transaction
Outside a trading venue
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Antonio Lorenzo
2
Reason for the notification
 
a)
Position/status
 
Chief Executive, Scottish Widows and Group Director, Insurance and Wealth
 
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
 
Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 Group Performance Share Award
 
GBP00.0000
52,012
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
e)
Date of the transaction
 
2020-06-08
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
 
Shares acquired in respect of the vesting of the 2017 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Deferred Bonus Plan (2017)
 
GBP00.0000
7,420
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
e)
Date of the transaction
 
2020-06-08
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)
 
 
 
GBP00.37823
400,000
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
 
 
 
e)
Date of the transaction
 
2020-06-08
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 under the Group's Share Incentive Plan.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Partnership Shares
 
GBP00.3688
406
 
Matching Shares
 
GBP00.0000
122
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
528
 
See 4(c)
 
e)
Date of the transaction
 
2020-06-09
f)
Place of the transaction
Outside a trading venue
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Vim Maru
2
Reason for the notification
 
a)
Position/status
 
Group Director, Retail
 
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
 
Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 Group Performance Share Award
 
GBP00.0000
63,971
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
e)
Date of the transaction
 
2020-06-08
f)
Place of the transaction
Outside a trading venue
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Zak Mian
2
Reason for the notification
 
a)
Position/status
 
Group Director, Transformation
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
 
Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 Group Performance Share Award
 
GBP00.0000
48,063
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
e)
Date of the transaction
 
2020-06-08
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)
 
 
 
GBP00.325401
48,063
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
 
 
e)
Date of the transaction
 
2020-06-08
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 under the Group's Share Incentive Plan.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Partnership Shares
 
GBP00.3688
81
 
Matching Shares
 
GBP00.0000
120
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
201
 
See 4(c)
e)
Date of the transaction
 
2020-06-09
f)
Place of the transaction
Outside a trading venue
 
 
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Janet Pope
2
Reason for the notification
 
a)
Position/status
 
Chief of Staff and Group Director, Responsible Business & Inclusion
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
 
Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 Group Performance Share Award
 
GBP00.0000
34,539
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
e)
Date of the transaction
 
2020-06-08
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)
 
 
 
GBP00.325401
34,539
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
 
e)
Date of the transaction
 
2020-06-08
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 under the Group's Share Incentive Plan.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Partnership Shares
 
GBP00.3688
339
 
Matching Shares
 
GBP00.0000
122
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
461
 
See 4(c)
e)
Date of the transaction
 
2020-06-09
f)
Place of the transaction
Outside a trading venue
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Stephen Shelley
2
Reason for the notification
 
a)
Position/status
 
Chief Risk 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
 
Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 Group Performance Share Award
 
GBP00.0000
46,328
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
 
 
 
e)
Date of the transaction
 
2020-06-08
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
 
Acquisition of Shares under the Group's Share Incentive Plan.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Partnership Shares
 
GBP00.3688
407
 
Matching Shares
 
GBP00.0000
122
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
529
 
See 4(c)
e)
Date of the transaction
 
2020-06-09
f)
Place of the transaction
Outside a trading venue
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Andrew Walton
2
Reason for the notification
 
a)
Position/status
 
Group Corporate Affairs Director
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
 
Shares acquired in respect of the June release of the 2019 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 Group Performance Share Award
 
GBP00.0000
48,110
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
N/A (single transaction)
e)
Date of the transaction
 
2020-06-08
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
 
Acquisition of Shares under the Group's Share Incentive Plan.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Partnership Shares
 
GBP00.3688
82
 
Matching Shares
 
GBP00.0000
122
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
204
 
See 4(c)
e)
Date of the transaction
 
2020-06-09
f)
Place of the transaction
Outside a trading venue
 
 
 
 
Signatures
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
LLOYDS BANKING GROUP plc
 (Registrant)
 
 
 
By: Douglas Radcliffe
Name: Douglas Radcliffe
Title: Group Investor Relations Director
 
 
 
 
 
Date: 10 June 2020