Director/PDMR Shareholding

RNS Number : 6138A

LSL Property Services PLC

02 June 2021

 

LSL Property Services plc ("LSL")

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility ("PDMRs") or Connected Persons

2018 LTIP:

In accordance with DTR 3, LSL was notified that Helen Buck (Executive Director, Estate Agency) acquired 0.2p ordinary shares in LSL on 27^th May 2021 following the exercise of options received in 2018 pursuant to LSL's Long Term Incentive Plan (LTIP).  The details of the exercise are set out in the table below.

The 2018 LTIP grants were by way of nil-cost options in respect of ordinary shares in LSL of 0.2p and were subject to performance conditions. The options became exercisable on 29^th March 2021 and the shares acquired (net of tax) are subject to a two year holding period under LSL's Directors Remuneration Policy.

2018 SAYE:

In accordance with DTR 3, LSL was notified that Helen Buck (Executive Director, Estate Agency) acquired 0.2p ordinary shares in LSL on 1^st June 2021 following the exercise of options received in 2018 pursuant to LSL's 2018 save as you earn option scheme (SAYE).  The details of the exercise are set out in the table below.

The 2018 SAYE is an all-employee scheme approved by HM Revenue and Customs. The 2018 SAYE exercise price for the options granted was £2.45 per ordinary share of 0.2p and the options became exercisable at the end of the three-year saving plan, on 1^st June 2021.

Following the above transactions, Helen Buck's shareholding in LSL (including shares held in LSL's Share Incentive Plan) is set out below.

Details of Director or PDMR	Number of shares acquired	Total number of shares following transaction(s)
Helen Buck, Executive Director Estate Agency	LTIP: 15,658	20,808
	SAYE: 1,469

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	Shares acquired by exercising options received pursuant to LSL Property Services plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 15,658 £2.45 1,469
d)	Aggregated information -  Aggregated volume -  Price	Price Aggregate Volume £0.21 17,127
e)	Date of the transaction	27th May 2021
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Sapna B FitzGerald, Company Secretary

[e-mail]

 

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