24 March 2025
LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')
This announcement should be read in conjunction with the disclosures in the 2024 Annual Report and Accounts published on 20 February 2025. The 2024 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com .
Fixed Share Awards
This announcement details the number of Shares acquired by PDMRs in respect of the first quarter of 2025 under the Group's Fixed Share Award. In this respect, the PDMRs listed in the table below acquired on 20 March 2025, after the settlement of income tax and national insurance contributions, the number of Shares as set out by their name. The acquisition price was 70.16 pence per Share.
The Shares will be held on behalf of the PDMRs and will be released over a three-year period, with one-third being released each year on 20 March.
| Name |
Net Shares |
| Charlie Nunn |
252,180 |
| William Chalmers |
160,847 |
Transfer of Shares into an Individual Savings Account ("ISA")
To effect a transfer into an ISA, on 21 March 2025 William Chalmers, a PDMR, sold 11,338 Shares from his personal holding at a price of 70.2 pence per Share and on 21 March 2025 purchased 11,266 Shares at a price of 70.21 pence per Share. William continues to comply with the Group's shareholder policy requirements.
Exercise of options to acquire Shares
Charlie Nunn, Chirantan Barua, Ron van Kemenade, and Jayne Opperman acquired Shares following the exercise of share buyout awards (for nil consideration) on 21 March 2025. The number of Shares acquired by each, after the settlement of income tax and national insurance contributions, is as set out below by their name. The Shares are subject to holding periods in line with the periods applicable to the awards from their previous employer which were bought out.
| Name |
Net Shares |
| Charlie Nunn |
725,564 |
| Chirantan Barua |
226,729 |
| Ron van Kemenade |
51,760 |
| Jayne Opperman |
336,743 |
Disposal of Shares
Two PDMRs sold Shares as set out below. Following these sales of Shares, Chirantan continues to be on track to achieve, and Stephen continues to comply with, the Group's shareholding policy requirements.
| Name |
Number of Shares sold |
Price per Share |
Transaction date |
| Chirantan Barua |
77,181 |
70.8464p |
20 March 2025 |
| Stephen Shelley |
2,250,000 |
70.2604p |
21 March 2025 |
ENQUIRIES:
| Investor Relations Douglas Radcliffe Group Investor Relations Director Email: douglas.radcliffe@ lloydsbanking.com Group Corporate Affairs Matt Smith Head of Media Relations Email: [email protected] |
+44 (0) 20 7356 1571 +44 (0) 7788 352 487 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
| a) |
Name |
Charlie Nunn |
|||
| 2 |
Reason for the notification |
||||
| a) |
Position/status |
Group Chief Executive |
|||
| b) |
Initial notification / Amendment |
Initial Notification |
|||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
| a) |
Name |
Lloyds Banking Group plc |
|||
| b) |
LEI |
549300PPXHEU2JF0AM85 |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Acquisition of Shares - In respect of the first quarter of 2025 under the Group's Fixed Share Award |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.701600 |
252,180 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-20 |
|||
| f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Acquisition of Shares following the exercise of a share award on a net of income tax and national insurance contributions (NICs) basis |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.00 |
725,564 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-21 |
|||
| f) |
Place of the transaction |
Outside a trading venue |
|||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
| a) |
Name |
William Chalmers |
|||
| 2 |
Reason for the notification |
||||
| a) |
Position/status |
Chief Financial Officer |
|||
| b) |
Initial notification / Amendment |
Initial Notification |
|||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
| a) |
Name |
Lloyds Banking Group plc |
|||
| b) |
LEI |
549300PPXHEU2JF0AM85 |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Acquisition of Shares - In respect of the first quarter of 2025 under the Group's Fixed Share Award |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.701600 |
160,847 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-20 |
|||
| f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Disposal of ordinary shares (to effect transfer to ISA). |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.702 |
11,338 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-21 |
|||
| f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Acquisition of ordinary shares (to effect transfer to ISA). |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.7021 |
11,266 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-21 |
|||
| f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
| a) |
Name |
Chirantan Barua |
|||
| 2 |
Reason for the notification |
||||
| a) |
Position/status |
CEO, Insurance, Pensions & Investments |
|||
| b) |
Initial notification / Amendment |
Initial Notification |
|||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
| a) |
Name |
Lloyds Banking Group plc |
|||
| b) |
LEI |
549300PPXHEU2JF0AM85 |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Acquisition of Shares following the exercise of a share award on a net of income tax and national insurance contributions (NICs) basis |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.00 |
226,729 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-21 |
|||
| f) |
Place of the transaction |
Outside a trading venue |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Disposal of Shares |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.708464 |
77,181 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-20 |
|||
| f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
| a) |
Name |
Ron van Kemenade |
|||
| 2 |
Reason for the notification |
||||
| a) |
Position/status |
Group Chief Operating Officer |
|||
| b) |
Initial notification / Amendment |
Initial Notification |
|||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
| a) |
Name |
Lloyds Banking Group plc |
|||
| b) |
LEI |
549300PPXHEU2JF0AM85 |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Acquisition of Shares following the exercise of a share award on a net of income tax and national insurance contributions (NICs) basis |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.00 |
51,760 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-21 |
|||
| f) |
Place of the transaction |
Outside a trading venue |
|||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
| a) |
Name |
Jayne Opperman |
|||
| 2 |
Reason for the notification |
||||
| a) |
Position/status |
CEO, Consumer Relationships |
|||
| b) |
Initial notification / Amendment |
Initial Notification |
|||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
| a) |
Name |
Lloyds Banking Group plc |
|||
| b) |
LEI |
549300PPXHEU2JF0AM85 |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Acquisition of Shares following the exercise of a share award on a net of income tax and national insurance contributions (NICs) basis |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.00 |
336,743 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-21 |
|||
| f) |
Place of the transaction |
Outside a trading venue |
|||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
| a) |
Name |
Stephen Shelley |
|||
| 2 |
Reason for the notification |
||||
| a) |
Position/status |
Chief Risk Officer |
|||
| b) |
Initial notification / Amendment |
Initial Notification |
|||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
| a) |
Name |
Lloyds Banking Group plc |
|||
| b) |
LEI |
549300PPXHEU2JF0AM85 |
|||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10p each GB0008706128 |
|||
| b) |
Nature of the transaction |
Disposal of Shares |
|||
| c) |
Price(s) and volume(s) |
||||
| Price(s) |
Volume(s) |
||||
| GBP00.702604 |
2,250,000 |
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
|||
| e) |
Date of the transaction |
2025-03-21 |
|||
| f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||