Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc (now Lloyds Banking Group Plc) is dated March 23, 2005. The document serves as a Regulatory News Service Announcement regarding the notification of interests of directors and connected persons. It details specific share transactions and holdings under the Lloyds TSB Group Shareplan and reports on the forfeiture of shares by departing employees.
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 disclosure of director shareholdings and does not contain financial performance data.
| Director | Shares Acquired (Mar 21, 2005) | Price per Share | Total Options Held |
|---|---|---|---|
| John Eric Daniels | 32 (26 partnership, 6 matching) | 481p | 2,699,270 |
| Michael Edward Fairey | 12 (6 partnership, 6 matching) | 481p | 2,210,376 |
| Archibald Gerald Kane | 32 (26 partnership, 6 matching) | 481p | 1,887,352 |
Material Changes
On March 21, 2005, the three directors listed above acquired additional ordinary shares of 25p each through the Lloyds TSB Group Shareplan. Additionally, Hill Samuel ESOP Trustees Limited transferred 45,959 ordinary shares from the allocated account (AESOP1) to the unallocated account (AESOP2) following the forfeiture of shares by participants who left the group. The total percentage holding of the issued class for each director remains minimal.
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 includes a standard disclaimer stating that the Financial Services Authority (FSA) does not accept liability for errors or omissions in the document.
Investor Verification Checklist
- Verify the total number of options held by directors Daniels, Fairey, and Kane as reported in this filing.
- Confirm the impact of the 45,959 share forfeiture on the total unallocated share pool (AESOP2).
- Review the Lloyds TSB Group Shareplan rules regarding partnership and matching share allocations.
- Check subsequent filings for any changes in the "minimal" percentage holdings of these directors.