SEC Form 6-K Summary: Lloyds TSB Group plc
Business Context and Reporting Period
This filing is a Form 6-K Report of Foreign Private Issuer dated February 21, 2008, submitted by Lloyds TSB Group plc. The document serves as a Regulatory News Service Announcement regarding the notification of transactions involving directors and persons discharging managerial responsibilities (PDMR) in accordance with DR 3.1.4R(1). The filing details share acquisitions made on February 20, 2008, under the Lloyds TSB Group Shareplan.
Key Financial Metrics
The filing does not contain consolidated financial statements, revenue, profit, cash flow, or debt metrics. The only financial data provided relates to specific director share transactions:
- Share Price: 426.15p per share (transaction price on Feb 20, 2008).
- Transaction Volume: Minimal percentage of the issued class acquired by each director.
- Share Class: Ordinary shares of 25p each.
Material Changes
The filing reports routine administrative changes to director shareholdings rather than material changes to the company's financial position. Specifically, seven directors acquired a total of 36 shares each (comprising 29 "partnership shares" and 7 "matching shares") via the Lloyds TSB Registrars Corporate Nominee Limited (AESOP1 account). No disposals were reported.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors. The document is strictly a compliance notification of insider trading activity. The transactions were executed in the UK on shares listed on the London Stock Exchange.
Investor Verification Checklist
- Verify the total number of shares held by each director post-transaction, including conditional awards under performance and long-term incentive plans.
- Confirm the total number of options held by each director as disclosed in Box 22 of the notification forms.
- Review the specific breakdown of holdings between personal accounts, nominee accounts (AESOP1), and offshore trusts (LTSBOTC).
- Note that the filing explicitly states the percentage holding for all directors is "MINIMAL."
Director Transaction Summary
| Director Name | Shares Acquired (Feb 20) | Total Options Held |
|---|---|---|
| John Eric Daniels | 36 | 1,463,289 |
| Michael Edward Fairey | 14 | 1,147,246 |
| Archibald Gerard Kane | 36 | 1,017,898 |
| Angela Susan Risley | 36 | 47,332 |
| Carol Frances Sergeant | 36 | 470,090 |
| George Truett Tate | 36 | 768,070 |
| Christopher Michael Wiscarson | 36 | 734,712 |