Business Context and Reporting Period
This Form 6-K filing by Lloyds Banking Group Plc is dated September 1, 2011. The document serves as a Regulatory News Service Announcement regarding the notification of transactions by Persons Discharging Managerial Responsibilities (PDMR) in the company's ordinary shares.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a disclosure of share transactions and does not contain financial performance data.
Material Changes
The filing details the vesting of deferred bonus awards for 2010 granted under the Lloyds Banking Group Deferred Bonus Plan to non-board members of the Group Executive Committee. These awards were released in shares on September 1, 2011, based on a share price of 62.288 pence. The shares were acquired for nil consideration after the settlement of income tax and national insurance contributions.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or contingencies. It is a compliance disclosure made pursuant to Disclosure Rule 3.1.4 regarding transactions on the London Stock Exchange.
Important Facts for Investors
- Transaction Type: Vesting of 2010 deferred bonus awards in ordinary shares.
- Valuation Basis: Shares were calculated based on a price of 62.288 pence.
- Recipients: Non-board members of the Group Executive Committee.
- Share Allocation:
- J Colombás: 125,224 shares
- M Fisher: 185,255 shares
- A Lorenzo: 92,473 shares
- A Risley: 99,794 shares
- Consideration: Shares were acquired for nil consideration.