Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc (now Lloyds Banking Group Plc) is a Regulatory News Service Announcement dated 25 January 2007. The document serves as a notification of transactions involving directors and persons discharging managerial responsibilities (PDMRs) in compliance with UK Disclosure Rules (DR 3.1.4R(1)) and the Companies Act 1985. The filing covers share acquisitions executed on 22 January 2007 and reported to the issuer on 24 January 2007.
Key Financial Metrics
This filing does not contain consolidated financial statements, revenue, profit, cash flow, or debt metrics. It exclusively details equity transactions for specific individuals. The only financial data provided relates to the share price at the time of transaction:
- Share Price: 584.5p per Ordinary Share (25p each).
- Transaction Type: Acquisitions under the Lloyds TSB Group Shareplan (comprising "partnership" and "matching" shares).
- Percentage of Issued Class Acquired: Described as "MINIMAL" for all directors.
Material Changes Versus Prior Period
The filing does not provide comparative financial data or material changes in the company's operational performance versus prior periods. The only changes reported are incremental increases in the shareholdings of the following directors following the acquisition of shares on 22 January 2007:
- John Eric Daniels: Acquired 26 shares.
- Michael Edward Fairey: Acquired 10 shares.
- Frans Hijkoop: Acquired 22 shares.
- Archibald Gerard Kane: Acquired 26 shares.
- Carol Frances Sergeant: Acquired 27 shares.
- George Truett Tate: Acquired 26 shares.
- Christopher Michael Wiscarson: Acquired 26 shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. It is a statutory disclosure of director shareholdings and does not address the company's strategic direction or financial health.
Important Facts for Investor Verification
- Transaction Date: All reported share acquisitions occurred on 22 January 2007.
- Share Price: The transactions were executed at 584.5p per share.
- Plan Details: Acquisitions were made under the Lloyds TSB Group Shareplan, consisting of "partnership" and "matching" shares.
- Holdings: While specific share counts are listed, the total percentage holding for each director is explicitly stated as "MINIMAL."
- Options: The filing lists the total number of shares over which options are held for each director (ranging from approx. 470,000 to 2.3 million), but no new options were granted in this specific notification.