Lloyds Banking Group PLC has released a notification of transactions by persons discharging managerial responsibilities (PDMRs) in ordinary shares of the group of 10 pence each. The announcement details the acquisition of shares by PDMRs in the second quarter of 2024 under the Group's Fixed Share Award. The PDMRs acquired a specific number of shares, with the acquisition price set at 56.1446 pence per share. These shares will be held on behalf of the PDMRs and released over a three-year period, with one-third being released each year on 21 June.
Additionally, Sharon Doherty, Ron van Kemenade, and John Winter acquired shares following the exercise of share buyout awards for nil consideration. The number of shares acquired by each individual, after the settlement of income tax and national insurance contributions, was disclosed. The shares received by Ron and John are subject to holding periods in line with the periods applicable to the awards from their previous employers, which were bought out.
The notification also includes details of the persons discharging managerial responsibilities, their positions/status, and the nature of the transactions. The announcement provides comprehensive information about the transactions, including the financial instruments, nature of the transactions, dates, and places where the transactions were conducted.
For further information, the announcement includes contact details for Investor Relations and Group Corporate Affairs.
This notification provides transparency regarding the acquisition of shares by PDMRs and the exercise of share buyout awards, offering insight into the Group's internal transactions and the involvement of key individuals within the organization.