REG - LSL Property ServPLC - Director/PDMR Shareholding

LSL Property ServicesAnnouncement

29/03/2019 14:55

RNS Number : 5311U
LSL Property Services
29 March 2019
 


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 29th March 2019 that awards were, on 29th March 2019, 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


220,098




Adam Castleton, Group Chief Financial Officer


148,529




Helen Buck, Executive Director - Estate Agency


151,470




Jon Round, PDMR


43,137




Ronan Jennings, PDMR


40,980



 
As described in the Company's Annual Report and Accounts 2018, the awards are nil-cost options that will normally become exercisable on 29th March 2022, 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 2021


Adjusted Basic earnings per share ("EPS") growth


5.0% per annum


25%


12.0% 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 awards made to the Company's Executive Directors; Ian Crabb, Adam Castleton and Helen Buck, are subject to a two year post-vesting holding period.
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


220,098








d)


Aggregated information
-      Aggregated volume
-      Price


Not applicable - single transaction.




e)


Date of the transaction


29th March 2019




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


148,529








d)


Aggregated information
-      Aggregated volume
-      Price


Not applicable - single transaction.




e)


Date of the transaction


29th March 2019




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


151,470








d)


Aggregated information
-      Aggregated volume
-      Price


Not applicable - single transaction.




e)


Date of the transaction


29th March 2019




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


43,137








d)


Aggregated information
-      Aggregated volume
-      Price


Not applicable - single transaction.




e)


Date of the transaction


29th March 2019




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


40,980








d)


Aggregated information
-      Aggregated volume
-      Price


Not applicable - single transaction.




e)


Date of the transaction


29th March 2019




f)


Place of the transaction


Outside a trading venue



 
For further information, please contact:

Sapna B FitzGerald, Company Secretary

01904 698 850




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