For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240501:nRSA8677Ma&default-theme=true
RNS Number : 8677M LSL Property Services PLC 01 May 2024
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 30 April 2024 that awards were,
on 30 April 2024, 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
David Stewart, Group Chief Executive Officer 209,822
Adam Castleton, Group Chief Financial Officer 141,726
Steve Goodall, Managing Director e.surv (PDMR) 39,708
Paul Hardy, Managing Director Estate Agency (PDMR) 36,601
Richard Howells, Managing Director Financial Services (PDMR) 38,304
The LTIP awards are nil-cost options that will normally become exercisable on
30 April 2027, subject to continuous employment and satisfaction of the
performance conditions detailed in the table below.
Percentage of award subject to condition Performance period Performance measure Threshold performance (no vesting below threshold) Proportion vesting for threshold performance Performance for maximum (100%) vesting
50% 3 years ending 31 December 2026 Adjusted Basic earnings per share ("EPS") in 2026 26.5 pence 25% 32.5 pence
50% Total Shareholder Return ("TSR") ranked against the FTSE Small Cap, excluding Median 25% Upper quartile
investment trusts
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.
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, type of instrument Ordinary shares of 0.2p each in LSL Property Services plc
Identification code GB00B1G5HX72
b) Nature of transaction Nil-cost option award made pursuant to LSL's 2024 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 209,822
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30 April 2024
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, type of instrument Ordinary shares of 0.2p each in LSL Property Services plc
Identification code GB00B1G5HX72
b) Nature of transaction Nil-cost option award made pursuant to LSL's 2023 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 141,726
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30 April 2024
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, type of instrument Ordinary shares of 0.2p each in LSL Property Services plc
Identification code GB00B1G5HX72
b) Nature of transaction Nil-cost option award made pursuant to LSL's 2023 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 39,708
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30 April 2024
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 Paul Hardy
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, type of instrument Ordinary shares of 0.2p each in LSL Property Services plc
Identification code GB00B1G5HX72
b) Nature of transaction Nil-cost option award made pursuant to LSL's 2023 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 36,601
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30 April 2024
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 Richard Howells
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, type of instrument Ordinary shares of 0.2p each in LSL Property Services plc
Identification code GB00B1G5HX72
b) Nature of transaction Nil-cost option award made pursuant to LSL's 2023 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 38,304
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30 April 2024
f)
Place of the transaction
Outside a trading venue
For further information, please contact:
Sapna B FitzGerald, Company Secretary
Investorrelations@lslps.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFLFVVEEILIIS