Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc, dated October 19, 2006, reports a Regulatory News Service (RNS) announcement regarding director and PDMR shareholding. The filing does not cover a financial reporting period but rather discloses a specific corporate governance event involving the Lloyds TSB Group employee share ownership trust.
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 notification of share transfers and does not contain financial performance data.
Material Changes
The material change disclosed is the transfer of 56,433 ordinary shares (25p each) from the Hill Samuel Offshore Trust Company Limited (trustee of the employee share ownership trust) to an individual who exercised a share option. Following this transfer, the trust holds 1,138,311 shares. Seven directors are identified as potential beneficiaries of the trust and are treated as interested in the remaining shares held by the trust.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The disclosure is made solely to comply with paragraph 3.1.4(R)(1)(b) of the disclosure rules regarding director interests.
Key Facts for Investor Verification
- 56,433 shares were transferred from the employee share ownership trust to an option holder on October 19, 2006.
- The trust retains 1,138,311 shares.
- Seven directors (Sir Victor Blank, Mr. J.E. Daniels, Ms. T.A. Dial, Mr. M.E. Fairey, Mr. A.G. Kane, Mr. G.T. Tate, and Mrs. H.A. Weir) are treated as interested in the remaining trust shares.
- Approximately 77,000 other employees are also potential beneficiaries of the trust.