REG - LSL Property ServPLC - Director/PDMR Shareholding <Origin Href="QuoteRef">LSL.L</Origin>

LSL Property ServicesAnnouncement

15/07/2015 13:36

RNS Number : 6428K
LSL Property Services
20 April 2015
For Immediate Release
20 April 2015
LSL Property Services plc
("LSL" or "the Group")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")
In accordance with Disclosure Rule 3.1.4R(1), LSL Property Services plc hereby notifies that the following options have been granted to the following Directors and PDMRs pursuant to LSL's Long Term Incentive Plan (LTIP): 
Name of Director/PDMR
Number of LSL Property Services plc ordinary shares over which LTIP Award granted on 16th April 2015
Ian Crabb, Group CEO
101,684
Adrian Gill, Executive Director
76,923
Jon Round, PDMR
19,230
Ronan Jennings, PDMR
22,417
The grants were by way of nil-cost options in respect of ordinary shares and the awards are subject to a range of normalised earnings per share growth targets (70% of an award) and a TSR condition (30% of an award), each applying to separate parts of an award and measured over a period of three years as follows:
1. 30% Relative Total Shareholder Return (TSR): 25% of this part will vest for TSR equal to the median constituents of the FTSE 250 (excluding investment trusts) increasing pro-rata to 100% of this part of the award vesting for TSR equal to the upper quartile.
2.70% Adjusted Basic Earnings Per Share (EPS) per annum: 25% of this part of an award will vest for achieving EPS growth of 7.5% increasing pro-rata to 100% of this part of any award vesting for achieving EPS growth of 17.5% 
The above options willfirst become exercisable on 16th April 2018.
This notification is made in accordance with Disclosure and Transparency Rule 3.1.2.
For further information, please contact:
Sapna B FitzGerald, Company Secretary
01904 698 850.

This information is provided by RNS
The company news service from the London Stock Exchange
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