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Lloyds Banking Group (LLOY)

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Tuesday 27 September, 2011

Lloyds Banking Group

Director/PDMR Shareholding

RNS Number : 0403P
Lloyds Banking Group PLC
27 September 2011
 



 

                                                                                                                        27 September 2011

LLOYDS BANKING GROUP PLC ("GROUP") - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ("SHARES")

 

The Group announces that on 27 September 2011 a share buy out award was made to Alison Brittain a member of the Group Executive Committee as detailed below subject to performance conditions and vesting timetables where applicable, for the loss of deferred share benefits forfeited as a result of her resignation from the Santander Group.  The award is based on a Share price of 30.65 pence.

 

Maximum number

of Shares awarded

Note

1,167,665

a

  612,153

b

5,872,757

c

 

a) vesting between September 2011 and January 2014 subject to remaining in employment

b) vesting in June 2013 subject to performance condition

c) vesting in December 2012 subject to performance condition

 

 

This announcement is made pursuant to Disclosure Rule 3.1.4. No consideration is payable for the grant of awards notified in this announcement. The transactions took place in the UK.  Lloyds Banking Group plc's shares are listed on the London Stock Exchange.

 

 

For further information:

 

Corporate Affairs

Sarah Swailes

Media Relations Manager                                                                        +44 (0) 20 7661 4639

Email: sarah.swailes@lloydstsb.co.uk

 

 

Investor Relations

 

Douglas Radcliffe                                                                                     +44 (0)20 7356 1571

Head of Operations & Reporting, Investor Relations
Email: douglas.radcliffe@ltsb-finance.co.uk

 


This information is provided by RNS
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