SEC Form 6-K Summary: Lloyds TSB Group plc
Business Context and Reporting Period
This filing is a Form 6-K Report of Foreign Private Issuer dated November 20, 2008. The document serves as a regulatory notification to the U.S. Securities and Exchange Commission regarding transactions by Persons Discharging Managerial Responsibilities (PDMR) in Lloyds TSB Group plc. The company is registered in Scotland and its shares are listed on the London Stock Exchange.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is strictly a disclosure of director and executive share transactions and does not contain financial performance data.
Material Changes and Share Transactions
The filing details two types of transactions occurring on November 19 and November 20, 2008, in compliance with the Financial Services Authority's disclosure and transparency rules:
- Share Option Grants (November 19, 2008): Options to acquire 6,906 ordinary shares (25p each) were granted to the following individuals under the Lloyds TSB Group sharesave scheme 2007 at an exercise price of 139p per share:
- Mrs. Weir
- Sir Victor Blank
- Mr. Daniels
- Mr. Kane
- Mrs. Risley
- Mrs. Sergeant
- Mr. Tate
- Mr. Tookey
- Mr. Wiscarson
- Share Purchase (November 20, 2008): Mr. Scicluna purchased 10,000 ordinary shares (25p each) at a market price of 120.95p per share.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the notification of specific share transactions.
Key Facts for Investor Verification
- Verify the total number of options granted to PDMRs (9 individuals x 6,906 shares) and the associated dilution impact.
- Note the discrepancy between the option grant price (139p) and the open market purchase price (120.95p) observed in the same week.
- Confirm that these transactions were executed in the UK and reported to the London Stock Exchange via the Regulatory News Service (RNS).
- Recognize that this filing contains no financial performance data; investors must refer to other reports for revenue or profit metrics.