LSL Property Services Director/PDMR Shareholding (5311U)
March 29 2019 - 10:06AM
UK Regulatory
TIDMLSL
RNS Number : 5311U
LSL Property Services
29 March 2019
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 29(th) March 2019 that
awards were, on 29(th) March 2019, 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 220,098
Adam Castleton, Group Chief Financial
Officer 148,529
Helen Buck, Executive Director
- Estate Agency 151,470
Jon Round, PDMR 43,137
Ronan Jennings, PDMR 40,980
As described in the Company's Annual Report and Accounts 2018,
the awards are nil-cost options that will normally become
exercisable on 29(th) March 2022, subject to continuous employment
and the following performance conditions:
Percentage Performance Performance measure Threshold Proportion Performance
of award period performance vesting for maximum
subject (no vesting for threshold (100%) vesting
to condition below threshold) performance
3 years Adjusted Basic
ending 31(st) earnings per
December share ("EPS") 5.0% per 12.0% per
70% 2021 growth annum 25% annum
--------------- ----------------------- ------------------ --------------- ----------------
Total Shareholder
Return ("TSR")
ranked against
a group compromising
of selected companies
operating in
similar or related
30% sectors. Median 25% Upper quartile
--------------- ----------------------- ------------------ --------------- ----------------
Vested awards normally remain exercisable until 10 years from
their grant.
The awards made to the Company's Executive Directors; Ian Crabb,
Adam Castleton and Helen Buck, are subject to a two year
post-vesting holding period.
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 instrument, Ordinary shares of
type of instrument 0.2p each in LSL Property
Identification code 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 220,098
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29(th) March 2019
----------------------------------------- ---------------------------
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 instrument, Ordinary shares of
type of instrument 0.2p each in LSL Property
Identification code 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 148,529
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29(th) March 2019
----------------------------------------- ---------------------------
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 instrument, Ordinary shares of
type of instrument 0.2p each in LSL Property
Identification code 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 151,470
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29(th) March 2019
----------------------------------------- ---------------------------
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 instrument, Ordinary shares of
type of instrument 0.2p each in LSL Property
Identification code 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 43,137
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29(th) March 2019
----------------------------------------- ---------------------------
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 instrument, Ordinary shares of
type of instrument 0.2p each in LSL Property
Identification code 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 40,980
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29(th) March 2019
----------------------------------------- ---------------------------
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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END
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