Business Context and Reporting Period
This Form 6-K filing by Lloyds Banking Group Plc, dated May 16, 2025, serves as a regulatory notification regarding transactions by a Person Discharging Managerial Responsibilities (PDMR). The filing does not cover a financial reporting period for the Group's operations but specifically details shareholding changes by Kate Cheetham, Chief Legal Officer and Company Secretary.
Key Financial Metrics
The filing does not provide Group-level financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data present relates to specific share transactions:
- Acquisition Price: 39.40 pence per share (Sharesave exercise).
- Disposal Price 1: 73.76 pence per share (Sharesave disposal).
- Disposal Price 2: 74.74 pence per share (Open market sale).
Material Changes
There are no material changes to the Group's business operations or financial position reported in this document. The filing solely documents the following changes in PDMR shareholdings:
- May 14, 2025: Kate Cheetham acquired 17,177 shares via the Sharesave Scheme 2017 and immediately disposed of the same quantity.
- May 15, 2025: Kate Cheetham sold an additional 681,637 shares on the London Stock Exchange.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. It confirms only that following the sales, Kate Cheetham continues to comply with the Group's shareholding policy requirements.
Investor Verification Checklist
- Verify the current market price of Lloyds Banking Group shares against the disposal prices of 73.76p and 74.74p.
- Confirm the total remaining shareholding of Kate Cheetham to ensure ongoing compliance with the Group's shareholding policy.
- Review the terms of the Lloyds Banking Group Sharesave Scheme 2017 to understand the acquisition price of 39.40p.