SEC Filing Summary: Lloyds TSB Group plc (Form 6-K)
Business Context and Reporting Period
This Form 6-K, filed on May 4, 2006, by Lloyds TSB Group plc, serves as a Regulatory News Service Announcement. The filing discloses transactions involving directors and persons discharging managerial responsibilities (PDMRs) in accordance with UK Disclosure Rules (DR 3.1.4R(1)) and the Companies Act 1985. The reporting period covers transactions executed on April 28, 2006, with the issuer notified on May 2, 2006.
Key Financial Metrics
The filing does not contain consolidated financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. It is strictly a disclosure of director shareholdings and equity-based compensation allocations.
Material Changes and Transactions
The filing details a uniform transaction type across ten directors and PDMRs. On April 28, 2006, each individual received an allocation of 567 free ordinary shares (25p each) under the Lloyds TSB Group Shareplan. These shares were allocated to the Lloyds TSB Registrars Corporate Nominee Limited AESOP1 account. No shares were disposed of by these individuals during this period. The percentage of the issued class acquired by each individual is described as "minimal."
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, financial outlook, or discussion of risks and contingencies. The document is a statutory notification of shareholding changes.
Director Shareholding Summary
| Director / PDMR | Shares Acquired (Free) | Total Options Held (Post-Notification) | Conditional Performance Shares |
|---|---|---|---|
| John Eric Daniels | 567 | 2,371,087 | 368,414 |
| Teresa Arlene Dial | 567 | 706,959 | 57,322 |
| Michael Edward Fairey | 567 | 1,866,264 | 184,274 |
| Archibald Gerard Kane | 567 | 1,587,003 | 144,754 |
| George Truett Tate | 567 | 1,116,907 | 169,720 |
| Helen Alison Weir | 567 | 861,775 | 124,374 |
| Frans Hijkoop | 567 | 471,728 | 65,100 |
| Carol Frances Sergeant | 567 | 470,090 | 78,670 |
| Christopher Michael Wiscarson | 567 | 1,007,017 | 126,614 |
Key Facts for Investor Verification
- Transaction Nature: All reported transactions were non-cash allocations of free shares under the company's share plan, not open market purchases.
- Timing: The specific transaction date for all directors was April 28, 2006.
- Share Class: All holdings relate to Ordinary Shares of 25p each listed on the London Stock Exchange.
- Options Exposure: Directors hold significant numbers of options (ranging from approx. 470k to 2.37m), which represent potential future dilution or value realization.
- Financial Data: This filing provides no data on the company's operational performance, revenue, or profitability.