LSL Property Services PLC Director/PDMR Shareholding (5394P)
June 20 2022 - 12:17PM
UK Regulatory
TIDMLSL
RNS Number : 5394P
LSL Property Services PLC
20 June 2022
LSL Property Services plc (LSL)
Notification of Transactions by Directors, Persons Discharging
Managerial Responsibility (PDMRs) or Connected Persons.
In accordance with DTR 3, LSL was notified that Helen Buck
(Executive Director - Estate Agency) and Jon Round (PDMR) each
undertook transactions in 0.2p ordinary shares in LSL on 15 and 16
June 2022, following the exercise of options received in 2019
pursuant to LSL's Save As You Earn option scheme (SAYE) and Long
Term Incentive Plan (LTIP). The details of the exercises and
transactions are set out below.
2019 SAYE:
The 2019 SAYE is an all-employee scheme approved by HM Revenue
and Customs. The 2019 SAYE exercise price for the options granted
was GBP2.65 per ordinary share of 0.2p and the options became
exercisable at the end of the three-year saving plan, on 1 June
2022.
2019 LTIP:
The 2019 LTIP grants were by way of nil-cost options in respect
of ordinary shares of 0.2p and were subject to performance
conditions. These options became exercisable on 29 March 2022.
Instructions have been given to sell a proportion of the vested
shares in order to account for tax and NI arising on the vesting of
the LTIP awards. The number of shares instructed to be sold on
behalf of Helen and Jon is set out in the table below.
As an Executive Director, shares awarded to Helen under the LTIP
(after any sale to cover tax and national insurance liabilities on
exercise) are subject to a two-year post-vesting holding period in
accordance with LSL's remuneration policy.
Following these transactions, Helen and Jon's respective total
shareholding's in LSL are set out in the table below.
Details of Director Number of shares Number of shares Total number
or PDMR acquired sold (to account of shares
for tax and following
NI) transaction(s)
(including
shares held
in LSL's SIP)
Helen Buck, Executive SAYE 2019: 2,037 -
Director - Estate
Agency
-------------------- ------------------ ----------------
LTIP 2019: 138,685 67,117 103,765
-------------------------------------------- ------------------ ----------------
Jon Round, PDMR (1) SAYE 2019: 2,037 -
-------------------- ------------------ ----------------
LTIP 2019: 39,496 19,115 144,533
-------------------------------------------- ------------------ ----------------
Note 1:
Due to a typographical error, Jon Round's total shareholding in
LSL's announcement dated 17 June 2022 was incorrectly stated to be
112,115. The total shareholding should have been stated as 122,115.
The total number of shares in the table above makes the necessary
adjustment for that typographical error.
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
Services plc
Identification code
GB00B1G5HX72
----------------------------------------- ---------------------------
b) Nature of transaction Shares acquired by
exercising options
received pursuant to
LSL's Save As You Earn
scheme.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.65 2,037
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 15 June 2022
----------------------------------------- ---------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- ---------------------------
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
Services plc
Identification code
GB00B1G5HX72
----------------------------------------- ---------------------------
b) Nature of transaction Shares acquired by
exercising options
received pursuant to
LSL Property Services
plc Long Term Incentive
Plan.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 138,685
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 16 June 2022
----------------------------------------- ---------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- ---------------------------
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
Services plc
Identification code
GB00B1G5HX72
----------------------------------------- ---------------------------
b) Nature of transaction Immediate sale of ordinary
shares to cover tax
and national insurance
liabilities following
exercise of nil-cost
options under the 2019
LTIP
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.42 67,117
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
Price
----------------------------------------- ---------------------------
e) Date of the transaction 16 June 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
Services plc
Identification code
GB00B1G5HX72
----------------------------------------- ---------------------------
b) Nature of transaction Shares acquired by
exercising options
received pursuant to
LSL's Save As You Earn
scheme.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.65 2,037
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 15 June 2022
----------------------------------------- ---------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- ---------------------------
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
Services plc
Identification code
GB00B1G5HX72
----------------------------------------- ---------------------------
b) Nature of transaction Shares acquired by
exercising options
received pursuant to
LSL Property Services
plc Long Term Incentive
Plan.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 39,496
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 16 June 2022
----------------------------------------- ---------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- ---------------------------
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
Services plc
Identification code
GB00B1G5HX72
----------------------------------------- ---------------------------
b) Nature of transaction Immediate sale of ordinary
shares to cover tax
and national insurance
liabilities following
exercise of nil-cost
options under the 2019
LTIP
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.42 19,115
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
Price
----------------------------------------- ---------------------------
e) Date of the transaction 16 June 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
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