LSL Property Services PLC Director/PDMR Shareholding (0009Z)
September 09 2022 - 12:07PM
UK Regulatory
TIDMLSL
RNS Number : 0009Z
LSL Property Services PLC
09 September 2022
LSL Property Services plc (LSL)
Notification of Transactions of Directors, Persons Discharging
Managerial Responsibility (PDMRs) or Connected Persons.
In accordance with DTR 3, LSL was notified on 9 September 2022
that Adam Castleton (Group Chief Financial Officer) acquired 0.2p
ordinary shares in LSL on 7 September 2022, following the exercise
of options received in 2018 and 2019 pursuant to LSL's Long Term
Incentive Plan (LTIP). The details of the exercises are set out in
the table below.
2018 LTIP:
The 2018 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 2021.
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 National Insurance (NI)
arising on the vesting of the LTIP awards. The number of shares
instructed to be sold on behalf of Adam is set out in the table
below.
As an executive director, shares awarded to Adam under the LTIP
(after sale to cover to cover tax and NI liabilities on exercise)
are subject to a two year post-vesting holding period in accordance
with LSL's remuneration policy.
Following these exercises, Adam's total shareholding in LSL is
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)
Adam Castleton (Group
Chief Financial Officer) LTIP 2018: 15,349 7,429
-------------------- ------------------ ----------------
LTIP 2019: 135,993 65,815 93,790
------------------------------------------------ ------------------ ----------------
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
Services plc
Identification code
GB00B1G5HX72
----------------------------------------- ---------------------------
b) Nature of transaction Shares acquired by
exercising options
received pursuant to
the 2018 LSL LTIP.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 15,349
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 7 September 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
the 2019 LSL LTIP.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 135,993
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
----------------------------------------- ---------------------------
e) Date of the transaction 7 September 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 NI liabilities
following exercise
of nil-cost options
under the 2018 LSL
LTIP.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.35 7,429
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
Price
----------------------------------------- ---------------------------
e) Date of the transaction 7 September 2022
----------------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
----------------------------------------- ---------------------------
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 NI liabilities
following exercise
of nil-cost options
under the 2019 LSL
LTIP.
----------------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.35 65,815
----------
----------------------------------------- ---------------------------
d) Aggregated information Not applicable
* Aggregated volume
Price
----------------------------------------- ---------------------------
e) Date of the transaction 7 September 2022
----------------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
----------------------------------------- ---------------------------
For further information, please contact:
Sapna B FitzGerald, Company Secretary
investorrelations@lslps.co.uk
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END
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