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LLOY DIRECTORS SELLING QUESTION

beeswax
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LLOY DIRECTORS SELLING QUESTION

#42254

Postby beeswax » March 30th, 2017, 1:17 am

http://www.hl.co.uk/shares/shares-searc ... ctor-deals

Sorry if this is the wrong board but at one time Directors buying or selling their own shares used to be used as an indicator for outsiders to make a decision and so two questions.

What does the 'tax related' indicator mean for those Directors selling? To avoid capital gains tax?

Does anyone think it makes LLOY a sell based on this selling spree and also the later ordinary selling one?

Thanks.

Breelander
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Re: LLOY DIRECTORS SELLING QUESTION

#42257

Postby Breelander » March 30th, 2017, 3:52 am

beeswax wrote:What does the 'tax related' indicator mean for those Directors selling? To avoid capital gains tax?


No. This is normal practice for any director receiving shares in a long term incentive plan, as these directors have just done. A portion of the shares are sold to pay the tax that is due on these awards. The details were in the RNS issued at the time.

For António Horta-Osório 6,736,463 shares were awarded for bonus plans and 2,716,605 in a long-term incentive plan. The sale was:
Disposal of Shares on behalf of PDMR to meet income tax and NICs due on the release of 2014 Long-Term Incentive Award
1,276,805
http://www.investegate.co.uk/lloyds-ban ... 10107858Y/

beeswax wrote:Does anyone think it makes LLOY a sell based on this selling spree and also the later ordinary selling one?


It is not a spending spree. Every director of every company makes these sales when such awards are made.

doug2500
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Re: LLOY DIRECTORS SELLING QUESTION

#42503

Postby doug2500 » March 30th, 2017, 9:19 pm

Breelander wrote:Every director of every company makes these sales when such awards are made...........

............thereby further aligning their interests with shareholders.

Fixed that!


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