Director/PDMR Shareholding

RNS Number : 9106T

LSL Property Services

01 April 2016

 

LSL Property Services plc 

("LSL" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

In accordance with Disclosure Rule 3.1.4R(1), LSL hereby notifies that awards were, on 31^st March 2016,  granted to Directors and PDMRs pursuant to LSL's Long Term Incentive Plan ("LTIP") as follows:

Name of Director/PDMR	Number of LSL Property Services plc ordinary shares of 0.2p each awarded
Ian Crabb, Group Chief Executive Officer	140,105
Adam Castleton, Group Chief Financial Officer	101,576
Adrian Gill, Executive Director, Estate Agency	99,824
Jon Round, PDMR	56,042
Ronan Jennings, PDMR	70,052

The awards are nil-cost options that will normally become exercisable on 31^st March 2019, subject to continuous employment and the following performance conditions:

Percentage of award subject to condition	Performance period	Performance measure	Threshold performance (no vesting below threshold)	Proportion vesting for threshold performance	Performance for maximum (100%) vesting
70%	3 years ending 31 December 2018	Adjusted Basic earnings per share ("EPS") growth	7.5% per annum	25%	17.5% per annum
30%		Total Shareholder Return ("TSR") ranked against FTSE 250 index constituents (excluding investment trusts)	Median	35%	Upper quartile

Vested awards normally remain exercisable until 10 years from their grant.

The Company was informed by the individuals listed above of the above transactions on 31^st March 2016 in accordance with Disclosure and Transparency Rule 3.1.2.

For further information, please contact:
Sapna B FitzGerald, Company Secretary
01904 698 850.

 

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