Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc (now Lloyds Banking Group Plc) is dated April 28, 2006. The document serves as a Regulatory News Service (RNS) announcement regarding the notification of interests of directors and other persons discharging managerial responsibilities (PDMR) in the company's share capital.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of share transactions and does not contain financial performance data.
Material Changes and Share Transactions
- Share Purchases: Hill Samuel ESOP Trustees Limited purchased 2,200,000 ordinary shares on April 27, 2006, at 534.8p per share, and 266,745 ordinary shares on April 28, 2006, at 535p per share.
- Purpose: These purchases were made to satisfy allocations of "free shares" to staff under the Lloyds TSB Group Shareplan.
- Holding Structure: The shares are held by Lloyds TSB Registrars Corporate Nominee Limited a/c AESOP2 (unallocated shares) as a nominee.
- Director Interests: Directors J.E. Daniels, T.A. Dial, M.E. Fairey, A.G. Kane, G.T. Tate, and H.A. Weir, along with approximately 77,000 other employees, are potential participants in the Shareplan. Consequently, they are treated as interested in the 7,725,195 shares held by the nominee account.
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 a compliance notification under paragraph 3.1.4(R)(1)(b) of the disclosure rules.
Key Facts for Investor Verification
- Verify the total number of unallocated shares held by the AESOP2 nominee account (7,725,195) to confirm the aggregate interest of directors and employees.
- Confirm the specific allocation dates and share prices (534.8p and 535p) for the April 27 and 28, 2006 transactions.
- Review the full list of 77,000+ employees eligible for the Shareplan to assess the breadth of the equity incentive program.
- Check subsequent filings to determine when these unallocated shares were distributed to individual participants.