Lloyds Banking Group PLC Director/PDMR Shareholding (2673R)
26 June 2015 - 12:03AM
UK Regulatory
TIDMLLOY
RNS Number : 2673R
Lloyds Banking Group PLC
25 June 2015
25 June 2015
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")
2014 Group Annual Bonus and Deferred Bonus Awards for 2012 and
2013 performance
The first tranche of bonus awards in respect of 2014 performance
for members of the Group Executive Committee other than the Group
Chief Executive and Executive Directors vests in June 2015. As
already described in the Summary Remuneration announcement on 27
February 2015, these awards are released in Shares based on the
prevailing share price.
The release today of tranches of the 2012 and 2013 Deferred
Bonus Awards incorporates performance adjustments following the
Group's settlement as announced on 5 June 2015.
In this respect, the Group announces that on 25 June 2015, 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
--------------------------------------- --------
Juan Colombás(1) 44,355
--------------------------------------- --------
George Culmer(1) 357,526
--------------------------------------- --------
Andrew Bester 180,286
--------------------------------------- --------
Karin Cook(2) 78,886
--------------------------------------- --------
Antonio Lorenzo 135,723
--------------------------------------- --------
Vim Maru 74,704
--------------------------------------- --------
David Oldfield(2) 32,273
--------------------------------------- --------
Miguel-Ángel Rodríguez-Sola 116,548
--------------------------------------- --------
Toby Strauss 50,023
--------------------------------------- --------
Matt Young 133,367
--------------------------------------- --------
(1) The 2012 Deferred Bonus Award was awarded to Juan Colombás
before he joined the Board as an Executive Director in November
2013 and accordingly vests in tranches from 2013 to 2016. The 2012
Deferred Bonus Award for George Culmer vests in two tranches in
2015.
(2) 2014 bonus award release only. Karin Cook and David Oldfield
were not members of the Group Executive Committee during the
relevant period of the PPI complaint handling investigation and
accordingly their Deferred Bonus Awards for 2012 and 2013 were not
frozen and were released in March 2015.
Mr Horta-Osório's annual bonus awards for 2012, 2013 and 2014
performance are subject to additional conditions including deferral
for five years and accordingly will not be released in 2015. Juan
Colombás and George Culmer's annual bonus awards for 2013 and 2014
performance are subject to deferral until at least March 2016 and
2017 respectively and accordingly do not vest in 2015.
Fixed Share Awards in 2015
On 25 June 2015, after the settlement of income tax and national
insurance contributions, Shares were acquired on behalf of the
PDMRs as listed in the table below in respect of the second quarter
of 2015 under the Group's Fixed Share Award. The acquisition price
was 87.12 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 136,880
--------------------------------------- --------
Juan Colombás 75,588
--------------------------------------- --------
George Culmer 76,652
--------------------------------------- --------
Andrew Bester 74,523
--------------------------------------- --------
Karin Cook 22,813
--------------------------------------- --------
Antonio Lorenzo 69,839
--------------------------------------- --------
Vim Maru 61,748
--------------------------------------- --------
David Oldfield 61,748
--------------------------------------- --------
Miguel-Ángel Rodríguez-Sola 62,280
--------------------------------------- --------
Toby Strauss 61,748
--------------------------------------- --------
Matt Young 53,231
--------------------------------------- --------
Executive Directors and Members of the Group Executive Committee
continue to meet their current shareholding requirements.
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
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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