Director/PDMR Shareholding

RNS Number : 8257G

LSL Property Services PLC

31 March 2022

 

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 March 2022 that the following awards were granted to Directors and PDMRs pursuant to LSL's Long Term Incentive Plan ("LTIP") on 29 March 2022:

Name of Director/PDMR	Director/PDMR	Number of LSL Property Services plc ordinary shares of 0.2p each awarded
David Stewart, Group Chief Executive Officer	Executive Director	157,435
Adam Castleton, Group Chief Financial Officer	Executive Director	106,283
Helen Buck, Executive Director - Estate Agency	Executive Director	108,401
Jon Round, Group Financial Services Director	PDMR	61,720
Steve Goodall, Managing Director e.surv	PDMR	29,810
Andy Deeks, Chief Strategy Officer	PDMR	36,619
David Akinluyi, Chief Operating Officer	PDMR	30,420

As described in our Annual Report and Accounts 2021, the above LTIP awards are nil-cost options that will normally become exercisable on 29 March 2025, subject to continuous employment and the following performance conditions for the three Executive Directors:

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
50%	3 years ending 31st December 2024	Adjusted Basic earnings per share ("EPS") in 2024	46.9 pence	25%	52.8 pence
50%		Total Shareholder Return ("TSR") ranked against the FTSE Small Cap, excluding investment trusts	Median	25%	Upper quartile

The awards made to the Company's Executive Directors are subject to a two year post-vesting holding period.

All vested awards normally remain exercisable until 10 years from their grant.

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	David Stewart
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 157,435
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction.
e)	Date of the transaction	29 March 2022
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 106,283
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction.
e)	Date of the transaction	29 March 2022
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 108,401
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction.
e)	Date of the transaction	29 March 2022
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 61,720
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction.
e)	Date of the transaction	29 March 2022
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	Steve Goodall
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 29,810
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction.
e)	Date of the transaction	29 March 2022
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	Andy Deeks
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 36,619
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction.
e)	Date of the transaction	29 March 2022
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	David Akinluyi
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 30,420
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction.
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Outside a trading venue

For further information, please contact:
Sapna B FitzGerald, Company Secretary
[e-mail]

 

END

 

 

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