REG - LSL Property Svcs. - Director/PDMR Shareholding
RNS Number : 7911ILSL Property Services PLC03 April 2020LSL 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 3rd April 2020, that the following transactions which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan ("SIP") on 2nd April 2020.
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 12,711 Partnership Shares on 2nd April 2020 at a price of £1.61 per Ordinary Share and total cost of £20,464.71. 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 2nd April 2020, the SIP Trustees also allocated a total of 2,584 Matching Shares. The number of Matching Shares granted by the SIP Trustees to the Directors/PDMRs at nil cost is 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 2nd April 2020
Ian Crabb, Group CEO
93
19
82,054
Adam Castleton, Group CFO
94
19
3,434
Helen Buck, Executive Director, Estate Agency
93
19
2,439
Jon Round, PDMR
93
19
214,982
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)
£1.61
93
Nil
19
d)
Aggregated information
- Aggregated volume
- Price
Price
Aggregate Volume
£1.337
112
e)
Date of the transaction
2nd April 2020
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)
£1.61
94
Nil
19
d)
Aggregated information
- Aggregated volume
- Price
Price
Aggregate Volume
£1.339
113
e)
Date of the transaction
2nd April 2020
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)
£1.61
93
Nil
19
d)
Aggregated information
- Aggregated volume
- Price
Price
Aggregate Volume
£1.337
112
e)
Date of the transaction
2nd April 2020
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)
£1.61
93
Nil
19
d)
Aggregated information
- Aggregated volume
- Price
Price
Aggregate Volume
£1.337
112
e)
Date of the transaction
2nd April 2020
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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