Director/PDMR Shareholding

RNS Number : 4676J

LSL Property Services

29 March 2018

 

LSL Property Services plc 

("LSL" or "the Company")

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

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 29^th March 2018 that awards were, on 29^th March 2018, 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	234,624
Adam Castleton, Group Chief Financial Officer	169,988
Helen Buck, Executive Director - Estate Agency	173,405
Jon Round, PDMR	45,558
Ronan Jennings, PDMR	46,924

As described in the Company's Annual Report and Accounts 2017, the awards are nil-cost options that will normally become exercisable on 29^th March 2021, 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 31st December 2020	Adjusted Basic earnings per share ("EPS") growth	7.5% per annum	25%	13.0% per annum
30%		Total Shareholder Return ("TSR") ranked against a group compromising of selected companies operating in similar or related sectors.	Median	25%	Upper quartile

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

The awards made to the Company's Executive Directors; Ian Crabb, Adam Castleton and Helen Buck, are subject to a two year post-vesting holding period.

The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Ian Crabb
2	Reason for notification
a)	Position/Status	Group Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name	LSL Property Services plc
b)	LEI	213800T4VM5VR3C7S706
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.2p each in LSL Property Services plc GB00B1G5HX72
b)	Nature of transaction	Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 234,624
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	29th March 2018
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Adam Castleton
2	Reason for notification
a)	Position/Status	Group Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name	LSL Property Services plc
b)	LEI	213800T4VM5VR3C7S706
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.2p each in LSL Property Services plc GB00B1G5HX72
b)	Nature of transaction	Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 169,988
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	29th March 2018
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Helen Buck
2	Reason for notification
a)	Position/Status	Executive Director - Estate Agency
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name	LSL Property Services plc
b)	LEI	213800T4VM5VR3C7S706
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.2p each in LSL Property Services plc GB00B1G5HX72
b)	Nature of transaction	Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 173,405
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	29th March 2018
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Jon Round
2	Reason for notification
a)	Position/Status	PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name	LSL Property Services plc
b)	LEI	213800T4VM5VR3C7S706
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.2p each in LSL Property Services plc GB00B1G5HX72
b)	Nature of transaction	Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 45,558
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	29th March 2018
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Ronan Jennings
2	Reason for notification
a)	Position/Status	PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name	LSL Property Services plc
b)	LEI	213800T4VM5VR3C7S706
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.2p each in LSL Property Services plc GB00B1G5HX72
b)	Nature of transaction	Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 46,924
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	29th March 2018
f)	Place of the transaction	Outside a trading venue

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

 

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