SEC Filing Summary: Lloyds TSB Group plc (Form 6-K)
Business Context and Reporting Period
This Form 6-K, dated January 26, 2006, serves as a Regulatory News Service Announcement for Lloyds TSB Group plc. The filing discloses transactions involving the company's ordinary shares (25p each) by directors and persons discharging managerial responsibilities (PDMRs). The transactions were executed on January 20, 2006, and the issuer was informed on January 24, 2006.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is strictly a disclosure of insider shareholdings and transactions.
- Share Price: 519p per share (transaction price).
- Transaction Type: Acquisitions under the Lloyds TSB Group Shareplan (comprising "partnership" and "matching" shares).
- Percentage of Issued Class: Described as "MINIMAL" for all transactions.
Material Changes
The filing details incremental increases in shareholdings for six directors/PDMRs. There are no disposals reported. The changes are routine acquisitions under the company's share plan.
| Director / PDMR | Shares Acquired | Total Holding (Post-Transaction) | Options Held |
|---|---|---|---|
| John Eric Daniels | 29 | 218,666 (Aggregated across accounts) | 2,699,270 |
| Archibald Gerard Kane | 29 | 122,292 (Aggregated across accounts) | 1,887,352 |
| Michael Edward Fairey | 11 | 110,916 (Aggregated across accounts) | 2,210,376 |
| Frans Hijkoop | 24 | 9,211 (Aggregated across accounts) | 471,728 |
| Carol Frances Sergeant | 29 | 13,278 (Aggregated across accounts) | 470,090 |
| Christopher Michael Wiscarson | 29 | 70,474 (Aggregated across accounts) | 1,143,380 |
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors. The disclosure is made pursuant to DR 3.1.4R(1) and Section 324 of the Companies Act 1985 to ensure transparency regarding director shareholdings.
Key Facts for Investor Verification
- Verify the total number of options held by directors, which ranges from approximately 470,000 to 2.7 million shares, representing significant potential future dilution or exercise activity.
- Confirm that all acquisitions were made at the market price of 519p under the standard Group Shareplan rules.
- Note that holdings are split across multiple accounts (personal, nominee, ISA, and offshore trusts), requiring aggregation to understand total beneficial ownership.
- Recognize that this filing contains no operational or financial performance data for the period.