Lloyds Banking Group PLC has released a notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs) in ordinary shares of the group. The announcement details the acquisition of shares by PDMRs in the first quarter of 2024 under the Group's Fixed Share Award. The PDMRs acquired a specific number of shares, with the acquisition price set at 52.1236 pence per share. These shares will be held on behalf of the PDMRs and released over a three-year period.
Additionally, PDMRs Charlie Nunn, Chira Barua, Jayne Opperman, and Ron van Kemenade 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 are subject to holding periods in line with the periods applicable to the awards from their previous employer, which were bought out.
Chira Barua also sold a specific number of shares at a price of 52.0005 pence per share. The announcement also includes details of the individuals involved, their positions, and the nature of the transactions. The notification provides comprehensive information about the transactions, including the financial instruments, nature of the transactions, prices, volumes, dates, and places where the transactions were conducted.
For further information, the announcement provides contact details for Investor Relations and Group Corporate Affairs, including email addresses and phone numbers. This notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them aims to provide transparency and compliance with regulatory requirements.