SEC Filing Summary: Lloyds TSB Group plc (Form 6-K)
Business Context and Reporting Period
This Form 6-K, dated September 25, 2007, serves as a regulatory news service announcement for Lloyds TSB Group plc. The filing discloses transactions involving directors and persons discharging managerial responsibilities (PDMRs) in accordance with Disclosure Rule 3.1.4R(1). The document details share acquisitions made under the Lloyds TSB Group Shareplan during late August and September 2007.
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 director share transactions:
- Share Price: 534.5p per share (transaction price for shareplan acquisitions).
- Share Class: Ordinary shares of 25p each.
- Transaction Volume: Minimal percentage of the issued class for all directors.
Material Changes and Director Transactions
The filing reports the acquisition of "partnership shares" and "matching shares" by seven directors under the company's shareplan. All transactions were executed at the same price of 534.5p per share.
| Director Name | Transaction Date | Shares Acquired | Breakdown | Total Options Held (Post-Notification) |
|---|---|---|---|---|
| John Eric Daniels | Sept 20, 2007 | 29 | 24 Partnership / 5 Matching | 1,463,289 |
| Michael Edward Fairey | Aug 20, 2007 | 11 | 6 Partnership / 5 Matching | 1,147,246 |
| Archibald Gerard Kane | Sept 20, 2007 | 29 | 24 Partnership / 5 Matching | 1,017,898 |
| George Truett Tate | Sept 20, 2007 | 29 | 24 Partnership / 5 Matching | 768,070 |
| Angela Susan Risley | Sept 20, 2007 | 29 | 24 Partnership / 5 Matching | 47,332 |
| Carol Frances Sergeant | Sept 20, 2007 | 28 | 23 Partnership / 5 Matching | 470,090 |
| Christopher Michael Wiscarson | Sept 20, 2007 | 29 | 24 Partnership / 5 Matching | 734,712 |
Directors also hold significant conditional awards under the Lloyds TSB Performance Share Plan and Long-Term Incentive Plan, ranging from approximately 123,000 to over 1 million shares per individual.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors. It is strictly a compliance notification regarding director shareholdings. No unusual items or contingencies are disclosed in this document.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to confirm the "minimal" percentage impact of these transactions.
- Review the vesting conditions and performance criteria for the large conditional awards (Performance Share Plan and Long-Term Incentive Plan) held by directors.
- Confirm the current market price of Lloyds TSB shares relative to the 534.5p transaction price to assess the value of the shareplan match.
- Note that the filing was signed by M.D. Oliver, Director of Investor Relations, on September 25, 2007.