Director/PDMR Shareholding

RNS Number : 2716X

LSL Property Services

11 August 2009

 



Notification of Dealings

11th August 2009 

Director/PDMR Shareholding

RNS Number:

LSL Property Services

11th August 2009 
LSL PROPERTY SERVICES PLC

AWARD OF OPTIONS UNDER EMPLOYEE BENEFIT ARRANGEMENTS
AND
NOTIFICATION OF DEALINGS BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

LSL Property Services plc (the 'Company'), announces earlier today, Simon Embley, Dean Fielding, Paul Latham, David Newnes and Andrew Mohun-Smith (the 'MBO management team') awarded nil cost options over 197,805 ordinary shares in the capital of the Company to certain employees of the Company and its subsidiaries (the 'Group') under the Employee Benefit Arrangements described in the prospectus dated 16 November 2006. The grants reward those employees whom the MBO management team feel should be recognised for their work for the Group from the time of the Company's management buy-out through to its listing on the Official List of the Financial Services Authority and beyond. 105,062 of the options were in March 2007 (see RNS dated 8th March 2009). 

On 11th August 2009, Simon Embley, Dean Fielding, Paul Latham and David Newnes notified the Company in accordance with the Disclosure and Transparency Rules that they have granted the remaining 92,743 options, and that these options have today been exercised.

As a result of the awards mentioned above Simon Embley, Dean Fielding, Paul Latham, David Newnes and Alison Traversoni, Directors and/or Persons Discharging Managerial Responsibility ('PDMR') have disposed of or acquired ordinary shares in the capital of LSL Property Services plc for no consideration and reduced/increased their interest in the Company as detailed below.

Director/PDMR	Shareholding  Prior to Award	Total %	Number of shares  disposed/received	Shareholding  After the Award	Total %
Simon Embley	9,957,074	9.56%	26,574	9,930,500	9.53%
Dean Fielding	6,111,876	5.87%	11,876	6,100,000	5.86%
Paul Latham	6,909,167	6.63%	15,417	6,873,750	6.60%
David Newnes	5,581,171	5.36%	11,921	5,569,250	5.35%
Alison Traversoni	560,580	0.54%	46,372	606,952	0.58%

Alison Traversoni's holding includes shares acquired under LSL's Share Incentive Plan, which is an all employee trust arrangement approved by HM Revenue and Customs.

For further information please contact: Sapna B. FitzGerald, Company Secretary: 01904 715315

 

END

 

 

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