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                                                                        [phone]

Email: [e-mail]

Investor Relations

Douglas Radcliffe                                                                                     [phone]

Head of Operations & Reporting, Investor Relations
Email: [e-mail]

 

END

 

 

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