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LLOY Lloyds Banking Group Plc

50.50
-0.50 (-0.98%)
Last Updated: 11:30:30
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.98% 50.50 50.50 50.54 50.82 50.20 50.70 35,454,100 11:30:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 5.87 32.05B

Lloyds Banking to Cut Long-Term Share Plan Awards by 40%

24/02/2021 3:34pm

Dow Jones News


Lloyds Banking (LSE:LLOY)
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From Apr 2019 to Apr 2024

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   By Adria Calatayud 
 

Lloyds Banking Group PLC said Wednesday that its remuneration committee has decided to cut 2021 long-term share-plan awards by 40% to reflect the group's performance last year, its current share price and shareholders' experience.

The FTSE 100 lender said it has committed to continue to pay staff their full salary, no matter how the pandemic affected what they do, and to give all permanent eligible staff a 400-pounds ($565) share award.

Lloyds said there will be no annual bonus pool for 2020 as its profit threshold wasn't met. Long-term share-plan awards for 2020 will be granted to a small number of senior staff, but there are fewer employees receiving awards than are eligible or who may have received awards in previous years, the bank said.

Chief Executive Antonio Horta-Osorio's total remuneration for 2020 is down 22% at GBP3.4 million, Lloyds said.

Members of Lloyds's executive committee confirmed in April that they would wave their right to be considered for a bonus award in respect of 2020 performance, the bank said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

February 24, 2021 10:19 ET (15:19 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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