TIDMLSL
RNS Number : 8257G
LSL Property Services PLC
31 March 2022
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 March 2022 that the
following awards were granted to Directors and PDMRs pursuant to
LSL's Long Term Incentive Plan ("LTIP") on 29 March 2022:
Name of Director/PDMR Director/PDMR Number of LSL Property
Services plc ordinary
shares of 0.2p each
awarded
David Stewart, Group Chief
Executive Officer Executive Director 157,435
Adam Castleton, Group
Chief Financial Officer Executive Director 106,283
Helen Buck, Executive
Director - Estate Agency Executive Director 108,401
Jon Round, Group Financial
Services Director PDMR 61,720
Steve Goodall, Managing
Director e.surv PDMR 29,810
Andy Deeks, Chief Strategy
Officer PDMR 36,619
David Akinluyi, Chief
Operating Officer PDMR 30,420
As described in our Annual Report and Accounts 2021, the above
LTIP awards are nil-cost options that will normally become
exercisable on 29 March 2025, subject to continuous employment and
the following performance conditions for the three Executive
Directors:
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")
50% 2024 in 2024 46.9 pence 25% 52.8 pence
--------------- -------------------- ------------------ --------------- ----------------
Total Shareholder
Return ("TSR")
ranked against
the FTSE Small
Cap, excluding
50% investment trusts Median 25% Upper quartile
--------------- -------------------- ------------------ --------------- ----------------
The awards made to the Company's Executive Directors are subject
to a two year post-vesting holding period.
All 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 David Stewart
----------------------------------------- ---------------------------
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 157,435
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29 March 2022
----------------------------------------- ---------------------------
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 106,283
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29 March 2022
----------------------------------------- ---------------------------
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 108,401
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29 March 2022
----------------------------------------- ---------------------------
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 61,720
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29 March 2022
----------------------------------------- ---------------------------
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 Steve Goodall
----------------------------------------- ---------------------------
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 29,810
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29 March 2022
----------------------------------------- ---------------------------
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 Andy Deeks
----------------------------------------- ---------------------------
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 36,619
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29 March 2022
----------------------------------------- ---------------------------
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 David Akinluyi
----------------------------------------- ---------------------------
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 30,420
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable - single
* Aggregated volume transaction.
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 29 March 2022
----------------------------------------- ---------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- ---------------------------
For further information, please contact:
Sapna B FitzGerald, Company Secretary
Investorrelations@lslps.co.uk
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END
DSHFLFFSVIILVIF
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