Lloyds details unallotted employee share plan stock
Lloyds Banking Group plc provides an update on shares reserved for its employee and executive share plans following a change to the UK Listing Rules that removes the block listing regime.
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Rhea-AI Filing Summary
Lloyds Banking Group plc provides an update on shares reserved for its employee and executive share plans following a change to the UK Listing Rules that removes the block listing regime. The company lists the ordinary shares of 10p each that were previously block listed and remain unallotted under these plans at the time of the announcement.
Unallotted balances include 59,782,991 Shares under the Lloyds Banking Group Sharesave Scheme (2017), 53,464,609 Shares under the Share Incentive Plan, 9,656,123 Shares under the Executive Group Ownership Share Plan, 70,000,000 Shares under the Deferred Bonus Plan (2021), and 108,100,000 Shares under the Long Term Share Plan (2020). The company states that these Shares will be allotted to plan participants in line with plan terms and that such allotments will be announced no later than 60 days after they occur.
FAQ
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What does Lloyds Banking Group plc (LYG) disclose in this Form 6-K?
Lloyds Banking Group plc discloses details of ordinary shares of 10p each that were previously block listed and remain unallotted under its various share plans as at the time of the announcement. This follows a change to the UK Listing Rules that removes the block listing regime.
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