Lloyds Banking Group PLC has announced that on 1 March 2024, William Chalmers, the Chief Financial Officer, acquired 46,317 ordinary shares at 24.25 pence per share. This acquisition was made following the exercise of an option under the Lloyds Banking Group Sharesave Scheme 2017. The notification and public disclosure of this transaction were made in accordance with regulatory requirements.
This transaction is part of the Group's Sharesave Scheme, which allows employees to save a monthly amount to buy shares at a discounted price. William Chalmers' acquisition of shares reflects his participation in this scheme as a PDMR.
The notification provides detailed information about the person discharging managerial responsibilities, the issuer, and the specifics of the transaction. It includes the name of the PDMR, the reason for the notification, details of the issuer, and the transaction itself, such as the description of the financial instrument, nature of the transaction, price, volume, and date of the transaction.
This announcement demonstrates the Group's commitment to transparency and regulatory compliance in its executive transactions. It also highlights the active participation of key executives in the Group's incentive schemes, aligning their interests with those of the shareholders.