Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc, dated August 23, 2006, serves as a regulatory notification regarding changes in director and employee shareholdings. The document does not cover a financial reporting period but rather discloses a specific corporate action involving the Lloyds TSB Group Shareplan.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is strictly a notification of share movements and contains no financial performance data.
Material Changes
The primary material change disclosed is the transfer of 124,685 ordinary shares (25p each) from the allocated share account (AESOP1) to the unallocated share account (AESOP2). This transfer occurred following the forfeiture of shares by participants who left the group. Consequently, the unallocated pool now holds 452,732 shares in which the listed directors and approximately 77,000 other employees are treated as interested parties.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The disclosure is made solely to comply with paragraph 3.1.4(R)(1)(b) of the disclosure rules regarding director interests.
Key Facts for Investor Verification
- Share Transfer: 124,685 shares were moved from allocated to unallocated status due to employee departures.
- Unallocated Pool Size: The unallocated share account (AESOP2) holds 452,732 shares.
- Interested Parties: Seven named directors and approximately 77,000 employees are potential participants interested in the unallocated shares.
- Regulatory Basis: The notification complies with UK disclosure rules regarding director share interests.