Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
June 22 2023 - 9:29AM
Edgar (US Regulatory)
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
22 June 2023
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 22 June
2023
re: Director/PDMR
Shareholding
22 June 2023
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 2022 Annual Report and Accounts published on 22
February 2023. The 2022 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 second quarter of 2023 under the Group's Fixed Share
Award. In this respect, the PDMRs listed in the table below
acquired on 21 June
2023, after the settlement of income tax and national insurance
contributions, the number of Shares set out by their name below.
The acquisition price was 44.145 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
21 June.
|
Name
|
Shares
|
|
Charlie Nunn
William
Chalmers
|
315,154
151,274
|
Buyout awards for Chirantan Barua and Ron van Kemenade
Chirantan Barua and Ron van Kemenade joined the Group in Q2 2023.
It was agreed that on appointment they would be granted deferred
cash and deferred share awards to replace unvested awards from
their previous employers that have been forfeited as a result of
them joining the Group. The awards granted match the vesting and
retention periods applying to the awards being
forfeited.
As a number of Ron's awards would have already vested at the time
he joined they have immediately vested on grant. In this respect,
the Group announces that, after settlement of income tax and
national insurance,
28,141 Shares
were released to Ron which be subject to a retention period until
May 2027.
The awards were granted in accordance with the regulatory
requirements for buyouts to which the Group is subject, as detailed
in the PRA Rulebook and corresponding FCA
requirements.
In addition, Chirantan was granted a 'lost opportunity' bonus award
for the loss of his bonus award from HSBC for the 2022 performance
year. The award will mirror the Group deferral schedule
and after
settlement of income tax and national insurance, 204,234 Shares for
the March 2023 element were released to Chirantan on 21 June 2023,
subject to a retention period until March 2024.
Exercise of options to acquire Shares
Sharon Doherty acquired
3,136,483 Shares, following the exercise of
a share buyout award (for nil consideration) on 21 June 2023. The
details of the share buyout award, to replace forfeited awards
from Sharon's previous employer, were announced in September 2022
at the time of the award. Sharon retained all the Shares apart from
1,474,377 Shares, which were sold at a price
of 44.035 pence per
Share to cover income tax and national insurance
contributions.
John Winter acquired 338,604 Shares,
following the exercise of a share buyout award (for nil
consideration) on 21 June 2023. The details of the share buyout
award, to replace forfeited awards from John's previous employer,
were announced in March 2023 at the time of the award. John
retained all the Shares apart from 159,374 Shares, which were sold
at a price of 44.035 pence per Share
to cover income tax and national insurance contributions. The
shares will be subject to a retention period of 12
months.
ENQUIRIES:
|
Investor Relations
Douglas Radcliffe
Group Investor Relations Director
Email: douglas.radcliffe@lloydsbanking.com
Group Corporate Affairs
Matt Smith
Head of Media Relations
Email: matt.smith@lloydsbanking.com
|
+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
|
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,
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 - In respect of the second quarter of 2023
under the Group's Fixed Share Award.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.44145
|
315,154
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|
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
|
Acquisition of Shares - In respect of the second quarter of 2023
under the Group's Fixed Share Award.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.44145
|
151,274
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|
1
|
Details of the person discharging managerial responsibilities /
person closely associated
|
|
a)
|
Name
|
Chirantan Barua
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer, Insurance, Pensions &
Investments
|
|
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
|
Grant of awards under the Group's Deferred Bonus Plan 2021 in the
form of nil-priced options and/or conditional awards
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.0000
|
2,868,033
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
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 following the vesting of
awards under the Group's Deferred Bonus Plan
2021
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.0000
|
204,234
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities /
person closely associated
|
|
a)
|
Name
|
Ron van Kemenade
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Group 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
|
Grant of awards under the Group's Deferred Bonus Plan 2021 in the
form of nil-priced options and/or conditional awards
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.0000
|
935,305
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
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 following the vesting of
awards under the Group's Deferred Bonus Plan
2021
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.0000
|
28,141
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities /
person closely associated
|
|
a)
|
Name
|
Sharon Doherty
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief People & Places 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 following the exercise of a share
award.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.00
|
3,136,483
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
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 acquired following the exercise of a share award
to meet income tax and NICs due.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.44035
|
1,474,377
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|
1
|
Details of the person discharging managerial responsibilities /
person closely associated
|
|
a)
|
Name
|
John Winters
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer, Corporate & Institutional
Banking
|
|
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 following the exercise of a share
award.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.00
|
338,604
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
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 acquired following the exercise of a share award
to meet income tax and NICs due.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
GBP00.44035
|
159,374
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
2023-06-21
|
|
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: 22
June 2023
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