REG - LSL Property ServPLC - Director/PDMR Shareholding

LSL Property ServicesAnnouncement

03/04/2019 07:00

RNS Number : 9102U
LSL Property Services
02 April 2019
 


LSL Property Services plc
"LSL"
 
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility (PDMRs) or Connected Persons
In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 2nd April 2019, that the following transactions which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan ("SIP") on 1st April 2019.
The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in LSL of 0.2p each ("Ordinary Shares"), using deductions from their salary in each monthly pay period ("Partnership Shares"), and receive allocations of matching free Ordinary Shares ("Matching Shares").
The SIP Trustees (Link Market Services Trustees Limited) acquired a total of 7,730 Partnership Shares on 1st April 2019 at a price of £2.75 per Ordinary Share and total cost of £21,241.90. The Partnership Shares were acquired by purchase in the market and allocated to employees participating in the SIP, including the Directors/PDMRs detailed below.
On the 1st April 2019, the SIP Trustees also allocated a total of 1,557 Matching Shares. The number of Matching Shares granted by the SIP Trustees to the Directors/PDMRs at nil cost are also set out in the table below:



Director/PDMR details


Number of Partnership Shares


Number of Matching Shares


Total shareholding post transaction (including shares held by the SIP on behalf of the director/PDMR) as at 1st April 2019




Ian Crabb, Group CEO


54


11


59,944




Adam Castleton, Group CFO


55


11


2,393




Helen Buck, Executive Director, Estate Agency


54


11


1,441




Jon Round, PDMR


54


11


213,936



 
The notifications below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014, give further detail.
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


Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




£2.75


54




Nil


11








d)


Aggregated information
-      Aggregated volume
-      Price





Price


Aggregate Volume




£2.285


65








e)


Date of the transaction


1st April 2019




f)


Place of the transaction


London Stock Exchange



 
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


Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




£2.75


55




Nil


11








d)


Aggregated information
-      Aggregated volume
-      Price





Price


Aggregate Volume




£2.292


66








e)


Date of the transaction


1st April 2019




f)


Place of the transaction


London Stock Exchange



 
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


Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




£2.75


54




Nil


11








d)


Aggregated information
-      Aggregated volume
-      Price





Price


Aggregate Volume




£2.285


65








e)


Date of the transaction


1st April 2019




f)


Place of the transaction


London Stock Exchange



 
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


Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




£2.75


54




Nil


11








d)


Aggregated information
-      Aggregated volume
-      Price





Price


Aggregate Volume




£2.285


65








e)


Date of the transaction


1st April 2019




f)


Place of the transaction


London Stock Exchange



 
For further information, please contact:
Sapna B FitzGerald, Company Secretary
01904 698 850
 




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