LYG 6-K
Lloyds Banking Group plc (LYG)
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
24 September 2024
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
Index to Exhibits
Item
No. 1 Regulatory News Service Announcement, 24 September 2024
re: Director/PDMR Shareholding
24 September 2024
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 disclosures in the 2023 Annual Report and Accounts published on 22 February 2024. The 2023 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com.
Fixed Share Awards
This announcement details the number of Shares acquired by PDMRs in respect of the third quarter of 2024 under the Group's Fixed Share Award. In this respect, the PDMRs listed in the table below acquired on 20 September 2024, after the settlement of income tax and national insurance contributions, the number of Shares as set out by their name. The acquisition price was 58.1641 pence per Share.
The Shares will be held on behalf of the PDMRs and will be released over a three-year period, with one-third being released each year on 20 September.
| Name | Shares |
|---|---|
| Charlie Nunn | 248,761 |
| William Chalmers | 119,405 |
Sharesave Scheme 2024 Option to Acquire Shares
The Group announces that an option to acquire Shares was granted on 20 September 2024 under the Lloyds Banking Group Sharesave Scheme 2017, an "all-employee" share plan, at 52.35 pence per Share to the following PDMRs:
| Name | Number of Sharesave Options |
|---|---|
| William Chalmers | 19,530 |
| Kate<br>Cheetham | 19,530 |
| Joanna Harris | 6,601 |
Disposal of Shares
This announcement includes details of sales of Shares by PDMRs. Following the sales of Shares below, the PDMRs continue to comply with the Group’s shareholding policy requirements.
| Name | Number<br>of Shares Sold | Price per Share | Transaction date |
|---|---|---|---|
| Kate<br>Cheetham | 846,922 | 58.5499p | 19/09/2024 |
| 30,000 | 58.4566p | 19/09/2024 | |
| Joanna<br>Harris | 150,000 | 58.2012p | 20/09/2024 |
| 450,000 | 58.2000p | 20/09/2024 |
ENQUIRIES:
| Investor Relations<br><br><br>Douglas Radcliffe<br><br><br>Group Investor Relations Director<br><br><br>Email: [email protected]<br><br><br><br><br><br>Group Corporate Affairs<br><br><br>Matt Smith<br><br><br>Head of Media Relations<br><br><br>Email: [email protected] | +44 (0) 20 7356 1571<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>+44 (0) 7788 352 487 |
|---|
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 /<br>person closely associated | ||||
|---|---|---|---|---|---|
| a) | Name | Charlie Nunn | |||
| 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,<br>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<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Acquisition<br>of Shares – In respect of the<br>third quarter of 2024 under the Group’s Fixed Share<br>Award | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.581641 | 248,761 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-20 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities /<br>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,<br>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<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Acquisition<br>of Shares – In respect of the<br>third quarter of 2024 under the Group’s Fixed Share<br>Award | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.581641 | 119,405 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-20 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Option granted under the Lloyds Banking Group<br><br><br>Sharesave Scheme 2017, an "all-employee" share<br><br><br>plan, at 52.35 pence per Share. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.5235 | 19,530 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-20 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities /<br>person closely associated | ||||
| --- | --- | --- | --- | --- | --- |
| a) | Name | Kate<br>Cheetham | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Legal Officer and Company Secretary | |||
| b) | Initial notification / Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant,<br>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<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Option granted under the Lloyds Banking Group<br><br><br>Sharesave Scheme 2017, an "all-employee" share<br><br><br>plan, at 52.35 pence per Share. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.5235 | 19,530 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-20 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Disposal<br>of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.585499 | 846,922 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-19 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Disposal<br>of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.584566 | 30,000 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-19 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities /<br>person closely associated | ||||
| --- | --- | --- | --- | --- | --- |
| a) | Name | Joanna<br>Harris | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer, Mass Affluent | |||
| b) | Initial notification / Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant,<br>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<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br><br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Option granted under the Lloyds Banking Group<br><br><br>Sharesave Scheme 2017, an "all-employee" share<br><br><br>plan, at 52.35 pence per Share. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.5235 | 6,601 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-20 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br><br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Disposal<br>of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.582000 | 450,000 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-20 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary Shares of 10p each<br><br><br><br><br><br><br><br><br><br><br><br>GB0008706128 | |||
| b) | Nature of the transaction | Disposal<br>of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP00.582012 | 150,000 | ||||
| d) | Aggregated information<br><br><br><br><br><br>- Aggregated volume<br><br><br><br><br><br>- Price | N/A (single transaction) | |||
| e) | Date of the transaction | 2024-09-20 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) |
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: 24 September 2024