Director/PDMR Shareholding

RNS Number : 6842M

LSL Property Services

08 May 2015

 



LSL Property Services plc

8^th  May 2015

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

In accordance with Disclosure Rule 3.1.4R(1), I hereby inform you that LSL Property Services plc was notified on 8^th May 2015, that the following transaction took place in relation to the Company's Share Incentive Plan ("SIP") on 7^th May 2015:

Ian Crabb, the Group CEO purchased 16 ordinary shares of 0.2p, at a price of £3.60 per ordinary share on the 7^th May 2015 through his participation in the SIP, under the dividend reinvestment plan. Following this transaction Ian Crabb's total shareholding in LSL (including shares held by the SIP Trustees for the benefit of Ian Crabb) is 784.

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in the Company of 0.2p each, using deductions from their salary in each monthly pay period. The SIP Trustees (Capita IRG Trustees Limited) acquired 5,768 ordinary shares on 7^th May 2015 at a total cost of £20,765. The shares were acquired by purchase in the market and allocated to employees participating in the SIP.

This notification is made in order to satisfy both section 793 of the Companies Act 2006 and Disclosure and Transparency Rule 3.1.2.

 

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