SEC Filing Summary: Lloyds TSB Group plc (Form 6-K)
Business Context and Reporting Period
This Form 6-K filing, dated April 10, 2008, serves as a regulatory notification for Lloyds TSB Group plc. The document details transactions by Persons Discharging Managerial Responsibility (PDMR) under the Financial Services Authority's disclosure and transparency rules. The filing relates to the vesting and subsequent sale of performance shares awarded on March 18, 2005.
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 statements or performance metrics.
Material Changes and Share Transactions
On April 10, 2008, several directors received ordinary shares (25p each) as performance shares. One director subsequently sold shares on the same day. The specific transactions are as follows:
- Mr. Kane: Received 37,578 shares.
- Mrs. Sergeant: Received 20,876 shares.
- Mr. Wiscarson: Received 35,751 shares.
- Mr. Daniels: Received 97,860 shares.
- Mrs. Weir: Received 28,183 shares.
- Mr. Tate: Received 38,491 shares.
- Mr. Fairey: Received 54,070 shares and immediately sold all 54,070 shares at 446.5p per share.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. The content is limited to the statutory notification of the share transactions described above.
Key Facts for Investor Verification
- Verify the total number of shares issued to PDMRs on April 10, 2008 (Total received: 312,809 shares).
- Note that Mr. Fairey liquidated his entire performance share allocation on the day of vesting at a price of 446.5p.
- Confirm that all shares were conditionally awarded on March 18, 2005, and have been reported in subsequent annual reports.
- Ensure the transactions comply with the Financial Services Authority's disclosure and transparency rules (paragraph 3.1.4 (1)(a)).