Director/PDMR Shareholding

RNS Number : 1889S

LSL Property Services

04 November 2019

 

LSL Property Services plc

"LSL"

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

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 1^st November 2019, that the following transactions which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan ("SIP") on 1^st November 2019.

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in LSL of 0.2p each ("Ordinary Shares"), using deductions from their salary in each monthly pay period ("Partnership Shares"), and receive allocations of matching free Ordinary Shares ("Matching Shares").

The SIP Trustees (Link Market Services Trustees Limited) acquired a total of 8,227 Partnership Shares on 1^st November 2019 at a price of £2.44 per Ordinary Share and total cost of £20,073.88. The Partnership Shares were acquired by purchase in the market and allocated to employees participating in the SIP, including the Directors/PDMRs detailed below.

On the 1^st November 2019, the SIP Trustees also allocated a total of 1,613 Matching Shares. The number of Matching Shares granted by the SIP Trustees to the Directors/PDMRs at nil cost are also set out in the table below:

Director/PDMR details	Number of Partnership Shares	Number of Matching Shares	Total shareholding post transaction (including shares held by the SIP on behalf of the director/PDMR) as at 1st November 2019
Ian Crabb, Group CEO	62	12	81,685
Adam Castleton, Group CFO	61	12	3,064
Helen Buck, Executive Director, Estate Agency	61	12	2,070
Jon Round, PDMR	62	12	214,613

The notifications below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014, give further detail.

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	Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.44 62 Nil 12
d)	Aggregated information -      Aggregated volume -      Price	Price Aggregate Volume £2.044 74
e)	Date of the transaction	1st November 2019
f)	Place of the transaction	London Stock Exchange

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	Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.44 61 Nil 12
d)	Aggregated information -      Aggregated volume -      Price	Price Aggregate Volume £2.039 73
e)	Date of the transaction	1st November 2019
f)	Place of the transaction	London Stock Exchange

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	Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.44 61 Nil 12
d)	Aggregated information -      Aggregated volume -      Price	Price Aggregate Volume £2.039 73
e)	Date of the transaction	1st November 2019
f)	Place of the transaction	London Stock Exchange

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	Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.44 62 Nil 12
d)	Aggregated information -      Aggregated volume -      Price	Price Aggregate Volume £2.044 74
e)	Date of the transaction	1st November 2019
f)	Place of the transaction	London Stock Exchange

For further information, please contact:

Sapna B FitzGerald, Company Secretary

01904 698 850

 

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