SEC Filing Summary: Lloyds TSB Group plc (Form 6-K)
Business Context and Reporting Period
This Form 6-K filing, dated March 24, 2006, serves as a Regulatory News Service Announcement for Lloyds TSB Group plc. The document discloses transactions involving the company's ordinary shares (25p each) by directors and persons discharging managerial responsibilities (PDMRs). The transactions occurred on March 20, 2006, and were reported to the issuer on March 24, 2006.
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 share transactions:
- Share Price: 567.5p per share.
- Transaction Type: Acquisitions of "partnership" and "matching" shares under the Lloyds TSB Group Shareplan.
- Volume: Minimal percentage of the issued class acquired by each individual director.
Material Changes
No material changes to the company's financial position or operations are reported in this filing. The document details routine, incremental increases in shareholdings for six directors resulting from the company's share plan. No disposals of shares were reported.
Management Commentary and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is a statutory disclosure required under DR 3.1.4R(1) and Section 324 of the Companies Act 1985 regarding director shareholdings.
Important Facts for Investor Verification
- Directors Involved: John Eric Daniels, Michael Edward Fairey, Archibald Gerard Kane, Frans Hijkoop, Carol Frances Sergeant, and Christopher Michael Wiscarson.
- Transaction Details: All directors acquired shares on March 20, 2006, at 567.5p per share via the Group Shareplan (mix of partnership and matching shares).
- Holdings: Total holdings include direct ownership, nominee accounts (LTSBRCNL AESOP1), offshore trusts (HSOTC), and conditional performance share awards. All percentage holdings are described as "minimal."
- Options: The filing lists the total number of shares over which options are held for each director following the notification, ranging from approximately 470,000 to 2.3 million shares.