TIDMLSL

RNS Number : 0654B

LSL Property Services

30 March 2017

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 30(th) March 2017 that awards were, on 30th March 2017, 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               193,794 
-------------------------------  ---------------------------- 
Adam Castleton, Group Chief 
 Financial Officer               140,334 
-------------------------------  ---------------------------- 
Helen Buck, Executive Director 
 - Estate Agency                 143,198 
-------------------------------  ---------------------------- 
Jon Round, PDMR                  42,959 
-------------------------------  ---------------------------- 
Ronan Jennings, PDMR             48,448 
-------------------------------  ---------------------------- 
 

The awards are nil-cost options that will normally become exercisable on 30(th) March 2020, 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 
                    ending     Adjusted Basic 
                    31(st)      earnings per 
                   December     share ("EPS")              7.5% per                            12.5% 
      70%            2019       growth                       annum              25%           per annum 
--------------  ------------  ----------------------  ------------------  ---------------  ------------- 
                               Total Shareholder 
                                Return ("TSR") 
                                ranked against 
                                a group compromising 
                                of selected 
                                companies 
                                operating 
                                in similar 
                                or related                                                     Upper 
      30%                       sectors.                    Median              25%           quartile 
--------------  ------------  ----------------------  ------------------  ---------------  ------------- 
 

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                                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        Ordinary shares 
       instrument, type of instrument      of 0.2p each in 
       Identification code                 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         193,794 
                                           ----------  ---------- 
---  ----------------------------------  ------------------------ 
 d)        Aggregated information         Not applicable 
             *    Aggregated volume        - single transaction. 
 
 
             *    Price 
---  ----------------------------------  ------------------------ 
 e)   Date of the transaction             30(th) March 2017 
---  ----------------------------------  ------------------------ 
 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        Ordinary shares 
       instrument, type of instrument      of 0.2p each in 
       Identification code                 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         140,334 
                                           ----------  ---------- 
---  ----------------------------------  ------------------------ 
 d)        Aggregated information         Not applicable 
             *    Aggregated volume        - single transaction. 
 
 
             *    Price 
---  ----------------------------------  ------------------------ 
 e)   Date of the transaction             30(th) March 2017 
---  ----------------------------------  ------------------------ 
 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        Ordinary shares 
       instrument, type of instrument      of 0.2p each in 
       Identification code                 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         143,198 
                                           ----------  ---------- 
---  ----------------------------------  ------------------------ 
 d)        Aggregated information         Not applicable 
             *    Aggregated volume        - single transaction. 
 
 
             *    Price 
---  ----------------------------------  ------------------------ 
 e)   Date of the transaction             30(th) March 2017 
---  ----------------------------------  ------------------------ 
 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        Ordinary shares 
       instrument, type of instrument      of 0.2p each in 
       Identification code                 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         42,959 
                                           ----------  ---------- 
---  ----------------------------------  ------------------------ 
 d)        Aggregated information         Not applicable 
             *    Aggregated volume        - single transaction. 
 
 
             *    Price 
---  ----------------------------------  ------------------------ 
 e)   Date of the transaction             30(th) March 2017 
---  ----------------------------------  ------------------------ 
 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                                Ronan Jennings 
---  ----------------------------------  ------------------------ 
 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        Ordinary shares 
       instrument, type of instrument      of 0.2p each in 
       Identification code                 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         48,448 
                                           ----------  ---------- 
---  ----------------------------------  ------------------------ 
 d)        Aggregated information         Not applicable 
             *    Aggregated volume        - single transaction. 
 
 
             *    Price 
---  ----------------------------------  ------------------------ 
 e)   Date of the transaction             30(th) March 2017 
---  ----------------------------------  ------------------------ 
 f)   Place of the transaction            Outside a trading 
                                           venue 
---  ----------------------------------  ------------------------ 
 

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

DSHBSGDXRBXBGRG

(END) Dow Jones Newswires

March 30, 2017 10:19 ET (14:19 GMT)

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