Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc (now Lloyds Banking Group Plc) is a Regulatory News Service Announcement dated June 8, 2006. The document serves as a mandatory notification under DR 3.1.4R(1) and Section 324 of the Companies Act 1985 regarding transactions involving directors and persons discharging managerial responsibilities (PDMR).
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. It is strictly a disclosure of shareholding changes.
Material Changes
The material change reported is a transaction by Director John Eric Daniels on June 1, 2006:
- Transaction Type: Exercise of a savings-related share option.
- Shares Acquired: 3,327 ordinary shares of 25p each.
- Exercise Price: 284p per share.
- Post-Transaction Holding: Mr. Daniels' total holding increased to 161,119 shares held directly, plus holdings in nominee accounts and conditional awards under performance and long-term incentive plans.
- Percentage Impact: The filing states the percentage of the issued class acquired is "minimal."
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, contingencies, or discussion of unusual items. It is a compliance notification regarding director share ownership.
Investor Verification Checklist
- Verify the total number of options held by John Eric Daniels following the notification (reported as 2,367,760).
- Confirm the breakdown of Mr. Daniels' holdings across direct ownership, nominee accounts (LTSBRCNL AESOP1, HSOTC), and conditional award plans.
- Check the London Stock Exchange listing status of the ordinary shares of 25p each referenced in the transaction.