Director/PDMR Shareholding (6997E)

TIDMLSL

RNS Number : 6997E

LSL Property Services

11 April 2011

Directors or Persons Discharging Managerial Responsibility ("PDMR") - Interest in Shares

2011 Joint Share Ownership Plan (the "JSOP")

In accordance with Disclosure Rule 3.1.4R, LSL Property Services plc (the "Company") announces that the following Executive Director and PDMRs of the Company were granted awards on 31(st) March 2011, in the form of an interest in jointly owned shares (i.e. ordinary shares held in co-ownership with the LSL Property Services plc Employee Benefit Trust) and a stock appreciation right ("SAR").

 
                           Number of LSL Property     Number of LSL Property 
                            Services plc ordinary      Services plc ordinary 
                               shares held in         shares over which stock 
                            co-ownership with the       appreciation right 
Name of PDMR / Director    Employee Benefit Trust             granted 
------------------------  -------------------------  ------------------------- 
      David Brown         18,329                     18,329 
------------------------  -------------------------  ------------------------- 
       Jon Cooke          8,146                      8,146 
------------------------  -------------------------  ------------------------- 
      Steve Cooke         89,613                     89,613 
------------------------  -------------------------  ------------------------- 
      Simon Embley        203,665                    203,665 
------------------------  -------------------------  ------------------------- 
      Nigel Favas         10,692                     10,692 
------------------------  -------------------------  ------------------------- 
      David Newnes        57,026                     57,026 
------------------------  -------------------------  ------------------------- 
       Jon Round          18,329                     18,329 
------------------------  -------------------------  ------------------------- 
     Gareth Samples       48,879                     48,879 
------------------------  -------------------------  ------------------------- 
   Alison Traversoni      57,026                     57,026 
------------------------  -------------------------  -------------------------

In respect of the jointly owned shares, the above Executive Directors and PDMRs have entered into a co-ownership agreement with the trustees of the Employee Benefit Trust. Under the terms of each co-ownership agreement the participant has a right to receive a proportion of the sale proceeds in so far as the value of the shares on disposal exceeds GBP3.20 per share and a performance target is satisfied. The interests vest on 31 March 2014.

In addition, the above Executive Directors and PDMRs were granted SARs which entitle them to the growth in the value of a share from GBP2.455 up to GBP3.20. SARs may be settled in shares or cash at the discretion of the Company. The SARs first become exercisable on 31 March 2014. No amount was paid by the Executive Directors or PDMRs in respect of the grant of the SARs.

Vesting of the awards is conditional on the Company's earnings per share performance meeting an absolute performance target over a period of three financial years starting with the financial year in which the award is granted and a relative total shareholder return condition, also measured over three years.

This notification is made in accordance with Disclosure and Transparency Rule 3.1.2.

Sapna B FitzGerald

Company Secretary

01904 715 315

LSL Property Services plc

Sapna B FitzGerald

Company Secretary & Head of Legal

LSL Legal Services

This information is provided by RNS

The company news service from the London Stock Exchange

END

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