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

LSL Property ServicesAnnouncement

30/03/2017 15:21

RNS Number : 0654B
LSL Property Services
30 March 2017
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 30th March 2017 that awards were, on 30th March 2017, 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
Ian Crabb, Group Chief Executive Officer
193,794
Adam Castleton, Group Chief Financial Officer
140,334
Helen Buck, Executive Director - Estate Agency
143,198
Jon Round, PDMR
42,959
Ronan Jennings, PDMR
48,448
The awards are nil-cost options that will normally become exercisable on 30th March 2020, subject to continuous employment and the following performance conditions:
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
70%
3 years ending 31st December 2019
Adjusted Basic earnings per share ("EPS") growth
7.5% per annum
25%
12.5% per annum
30%
Total Shareholder Return ("TSR") ranked against a group compromising of selected companies operating in similar or related sectors.
Median
25%
Upper quartile
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
Ian Crabb
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
Identification code
Ordinary shares of 0.2p each in LSL Property 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
193,794
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30th March 2017
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
Identification code
Ordinary shares of 0.2p each in LSL Property 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
140,334
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30th March 2017
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, type of instrument
Identification code
Ordinary shares of 0.2p each in LSL Property 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
143,198
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30th March 2017
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, type of instrument
Identification code
Ordinary shares of 0.2p each in LSL Property 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
42,959
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30th March 2017
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
Ronan Jennings
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
Identification code
Ordinary shares of 0.2p each in LSL Property 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
48,448
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
30th March 2017
f)
Place of the transaction
Outside a trading venue
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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