Director/PDMR Shareholding
August 11 2009 - 11:20AM
UK Regulatory
TIDMLSL
RNS Number : 2716X
LSL Property Services
11 August 2009
Notification of Dealings
11th August 2009
Director/PDMR Shareholding
RNS Number:
LSL Property Services
11th August 2009
LSL PROPERTY SERVICES PLC
AWARD OF OPTIONS UNDER EMPLOYEE BENEFIT ARRANGEMENTS
AND
NOTIFICATION OF
DEALINGS BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
LSL Property Services plc (the "Company"), announces earlier today, Simon
Embley, Dean Fielding, Paul Latham, David Newnes and Andrew Mohun-Smith (the
"MBO management team") awarded nil cost options over 197,805 ordinary shares in
the capital of the Company to certain employees of the Company and its
subsidiaries (the "Group") under the Employee Benefit Arrangements described in
the prospectus dated 16 November 2006. The grants reward those employees whom
the MBO management team feel should be recognised for their work for the Group
from the time of the Company's management buy-out through to its listing on the
Official List of the Financial Services Authority and beyond. 105,062 of the
options were in March 2007 (see RNS dated 8th March 2009).
On 11th August 2009, Simon Embley, Dean Fielding, Paul Latham and David Newnes
notified the Company in accordance with the Disclosure and Transparency Rules
that they have granted the remaining 92,743 options, and that these options have
today been exercised.
As a result of the awards mentioned above Simon Embley, Dean Fielding, Paul
Latham, David Newnes and Alison Traversoni, Directors and/or Persons Discharging
Managerial Responsibility ("PDMR") have disposed of or acquired ordinary shares
in the capital of LSL Property Services plc for no consideration and
reduced/increased their interest in the Company as detailed below.
+---------------+--------------+----------+-------------------+--------------+----------+
|Director/PDMR |Shareholding | Total % | Number |Shareholding | Total % |
| | | | of | | |
| | Prior to | | shares | After the | |
| | Award | |disposed/received | Award | |
+---------------+--------------+----------+-------------------+--------------+----------+
| Simon | 9,957,074 | 9.56% | 26,574 | 9,930,500 | 9.53% |
| Embley | | | | | |
+---------------+--------------+----------+-------------------+--------------+----------+
| Dean | 6,111,876 | 5.87% | 11,876 | 6,100,000 | 5.86% |
| Fielding | | | | | |
+---------------+--------------+----------+-------------------+--------------+----------+
| Paul | 6,909,167 | 6.63% | 15,417 | 6,873,750 | 6.60% |
| Latham | | | | | |
+---------------+--------------+----------+-------------------+--------------+----------+
| David | 5,581,171 | 5.36% | 11,921 | 5,569,250 | 5.35% |
| Newnes | | | | | |
+---------------+--------------+----------+-------------------+--------------+----------+
| Alison | 560,580 | 0.54% | 46,372 | 606,952 | 0.58% |
| Traversoni | | | | | |
+---------------+--------------+----------+-------------------+--------------+----------+
Alison Traversoni's holding includes shares acquired under LSL's Share Incentive
Plan, which is an all employee trust arrangement approved by HM Revenue and
Customs.
For further information please contact: Sapna B. FitzGerald, Company Secretary:
01904 715315
This information is provided by RNS
The company news service from the London Stock Exchange
END
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