Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc (now Lloyds Banking Group Plc) covers the reporting period ending March 30, 2006. The document serves as a Regulatory News Service Announcement regarding the notification of transactions involving directors and persons discharging managerial responsibilities (PDMR), specifically complying with DR 3.1.4R(1) and Section 324 of the Companies Act 1985.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory disclosure of shareholding changes and does not contain financial performance data.
Material Changes
The material change reported is a specific transaction by Director Michael Edward Fairey:
- Date of Transaction: March 16, 2006.
- Action: Exercise of a savings-related share option.
- Volume: 797 ordinary shares of 25p each.
- Price: 474p per share.
- Resulting Holding: Following the transaction, Mr. Fairey's total holding (including direct, nominee, ISA, trust, and conditional performance shares) totals 322,566 shares, representing a minimal percentage of the issued class.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is strictly limited to the disclosure of the director's share transaction.
Investor Verification Checklist
- Verify the total number of options held by Michael Edward Fairey following the notification (1,864,475).
- Confirm the breakdown of Mr. Fairey's holdings across different accounts (Direct, AESOP1, ISA, HSOTC, and Performance Share Plan).
- Check the London Stock Exchange listing status of the ordinary shares involved.
- Review the specific terms of the Lloyds TSB performance share plan regarding the 184,274 conditional awards.