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 June 22, 2007, submitted by Lloyds TSB Group plc. The document serves as a Regulatory News Service Announcement regarding the notification of transactions by Directors and Persons Discharging Managerial Responsibilities (PDMR) in accordance with DR 3.1.4R(1). The filing details share acquisitions made on June 20, 2007, 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 Class: Ordinary Shares of 25p each.
- Transaction Price: 584p per share.
- Transaction Volume: Minimal percentage of the issued class for each director.
- Transaction Type: Acquisitions of "partnership shares" and "matching shares" via the Lloyds TSB Group Shareplan.
Material Changes
No material changes to the company's financial position or operations are reported in this filing. The document solely reports routine compliance disclosures regarding minor increases in shareholdings for six specific directors following the June 20, 2007 shareplan transaction.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or contingencies. It is strictly a regulatory notification of director shareholdings.
Director Transaction Details
| Director Name | Shares Acquired (June 20, 2007) | Total Options Held (Post-Notification) |
|---|---|---|
| John Eric Daniels | 26 (21 partnership, 5 matching) | 1,463,289 |
| Michael Edward Fairey | 11 (6 partnership, 5 matching) | 1,147,246 |
| Archibald Gerard Kane | 26 (21 partnership, 5 matching) | 1,017,898 |
| Carol Frances Sergeant | 26 (21 partnership, 5 matching) | 470,090 |
| George Truett Tate | 26 (21 partnership, 5 matching) | 768,070 |
| Christopher Michael Wiscarson | 26 (21 partnership, 5 matching) | 734,712 |
Investor Verification Checklist
- Verify the total number of options held by each director against the company's latest annual report (Form 20-F) to confirm the figures listed in Box 22.
- Confirm the market price of Lloyds TSB shares on June 20, 2007, to validate the 584p transaction price.
- Review the terms of the "Lloyds TSB Group Shareplan" to understand the vesting conditions for the "partnership" and "matching" shares acquired.
- Note that this filing does not provide any operational or financial performance data for the period.