SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
03 July 2009
LLOYDS BANKING GROUP plc
(Translation of registrant's name into English)
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports
under cover Form 20-F or Form 40-F.
Form 20-F..X..Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes .....No ..X..
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule
12g3-2(b): 82- ________
Index to Exhibits
Item
No. 1 Regulatory News Service Announcement, dated 03 July 2009
re: Director/PDMR Shareholding
|
The London Stock Exchange
RNS |
Group Secretariat Lloyds Banking Group plc 25 Gresham Street
London 3rd July, 2009 |
Lloyds Banking Group plc
Not ification of transaction by persons disch arging managerial responsibilities
On 2nd July, 2009, following the
Placing and Compensatory Open Offer (the “Offer”) announced on 20 May 2009,
conditional awards in respect of
ordinary shares of 25p each in Lloyds
Banking Group plc (“Shares”) held by the individuals set out below under the
Lloyds TSB long-term incentive plan (LTIP) were adjusted.
We disclosed in the Prospectus for the Offer, published on 20 May 2009, that options and
awards under the Lloyds Banking Group Employee Share Plans might be adjusted to take into
account the Offer.
Colleagues were generally permitted to participate in the Offer with respect to their
private shareholdings. However, they were not eligible to participate with respect to
active employee share plans (such as the LTIP and nil cost options) that gave them a future
right to acquire shares. Because the Offer was at a discount to current market value, this
resulted in a dilution of the value of those share awards. These adjustments restore the
value of potential awards and ensure that they are not adversely affected by the Offer.
The details of the adjusted awards are set out below. No other changes to the terms of the
awards, which are subject to stretching performance criteria over a three year period, have
been made.
|
Name of individual |
Original award date |
Original Maximum potential vesting (shares) |
Adjusted Maximum potential vesting (shares) as a result of the Offer |
|
J.E. Daniels |
2007 |
534,322 |
699,725 |
|
2008 |
838,735 |
1,098,372 |
|
|
2009 |
2,857,536 |
3,742,108 |
|
|
J. Dawson |
2009 |
1,720,043 |
2,252,495 |
|
M.A. Fisher |
2009 |
1,932,633 |
2,530,894 |
|
A.G. Kane |
2007 |
306,122 |
400,884 |
|
2008 |
413,309 |
541,252 |
|
|
2009 |
1,628,933 |
2,133,182 |
|
|
A.S. Risley |
2007 |
123,893 |
162,245 |
|
2008 |
175,131 |
229,344 |
|
|
2009 |
1,035,338 |
1,355,835 |
|
|
C.F. Sergeant |
2007 |
131,725 |
172,501 |
|
2008 |
179,801 |
235,459 |
|
|
2009 |
1,242,407 |
1,627,003 |
|
|
G.T. Tate |
2007 |
333,951 |
437,328 |
|
2008 |
518,638 |
679,186 |
|
|
2009 |
1,766,978 |
2,313,959 |
|
|
T.J.W. Tookey |
2007 |
52,875 |
69,242 |
|
2008 |
71,220 |
93,266 |
|
|
2009 |
1,656,543 |
2,169,338 |
|
|
H.A. Weir |
2007 |
320,037 |
419,106 |
|
2008 |
506,482 |
663,267 |
|
|
2009 |
1,725,565 |
2,259,727 |
|
|
C.M. Wiscarson |
2007 |
166,975 |
218,663 |
|
2008 |
228,838 |
299,676 |
|
|
2009 |
1,352,843 |
1,771,626 |
In addition, a nil-cost option held by
Mr. M.A. Fisher under the Lloyds TSB Group executive share plan 2003 was also adjusted on
2nd July, 2009 in order to keep its value whole and to ensure that it is not adversely
affected by the Offer.
This nil-cost option was granted on 11th March, 2009 in respect of 984,251 Shares. The
adjusted number of Shares is 1,288,933. No other changes to the terms of this option have
been made.
This notification relates to a transaction notified to Lloyds Banking Group plc yesterday in accordance with paragraph 3.1.4 (1)(a) of the Financial Services Authority's disclosure and transparency rules. The transaction took place in the UK and the shares are listed on the London Stock Exchange.
Lloyds Banking Group plc is registered in Scotland no. 95000
Registered Office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
LLOYDS BANKING GROUP plc
(Registrant)
By: M D Oliver
Name: M D Oliver
Title: Director of Investor Relations
Date: 03 July 2009