LSL Property Services Director/PDMR Shareholding (9106T)

TIDMLSL

RNS Number : 9106T

LSL Property Services

01 April 2016

LSL Property Services plc

("LSL" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

In accordance with Disclosure Rule 3.1.4R(1), LSL hereby notifies that awards were, on 31(st) March 2016, granted to Directors and PDMRs pursuant to LSL's Long Term Incentive Plan ("LTIP") as follows:

 
Name of Director/PDMR                            Number of LSL Property Services plc ordinary shares of 0.2p each 
                                                 awarded 
-----------------------------------------------  --------------------------------------------------------------------- 
Ian Crabb, Group Chief Executive Officer         140,105 
-----------------------------------------------  --------------------------------------------------------------------- 
Adam Castleton, Group Chief Financial Officer    101,576 
-----------------------------------------------  --------------------------------------------------------------------- 
Adrian Gill, Executive Director, Estate Agency   99,824 
-----------------------------------------------  --------------------------------------------------------------------- 
Jon Round, PDMR                                  56,042 
-----------------------------------------------  --------------------------------------------------------------------- 
Ronan Jennings, PDMR                             70,052 
-----------------------------------------------  ---------------------------------------------------------------------

The awards are nil-cost options that will normally become exercisable on 31(st) March 2019, subject to continuous employment and the following performance conditions:

 
 Percentage      Performance    Performance             Threshold         Proportion     Performance 
  of award        period         measure               performance          vesting       for maximum 
  subject                                              (no vesting       for threshold      (100%) 
  to condition                                       below threshold)     performance       vesting 
--------------  -------------  ------------------  ------------------  ---------------  ------------- 
                   3 years      Adjusted Basic 
                    ending       earnings per 
                  31 December    share ("EPS")          7.5% per                            17.5% 
      70%            2018        growth                   annum              25%           per annum 
--------------  -------------  ------------------  ------------------  ---------------  ------------- 
                                Total Shareholder 
                                 Return ("TSR") 
                                 ranked against 
                                 FTSE 250 index 
                                 constituents 
                                 (excluding 
                                 investment                                                 Upper 
      30%                        trusts)                 Median              35%           quartile 
--------------  -------------  ------------------  ------------------  ---------------  -------------

Vested awards normally remain exercisable until 10 years from their grant.

The Company was informed by the individuals listed above of the above transactions on 31(st) March 2016 in accordance with Disclosure and Transparency Rule 3.1.2.

For further information, please contact:

Sapna B FitzGerald, Company Secretary

01904 698 850.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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