REG - LSL Property Svcs. - Director/PDMR Shareholding
31/03/2022 15:30
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RNS Number : 8257G LSL Property Services PLC 31 March 2022
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 29 March 2022 that the following awards were
granted to Directors and PDMRs pursuant to LSL's Long Term Incentive Plan
("LTIP") on 29 March 2022:
Name of Director/PDMR Director/PDMR Number of LSL Property Services plc ordinary shares of 0.2p each awarded
David Stewart, Group Chief Executive Officer Executive Director 157,435
Adam Castleton, Group Chief Financial Officer Executive Director 106,283
Helen Buck, Executive Director - Estate Agency Executive Director 108,401
Jon Round, Group Financial Services Director PDMR 61,720
Steve Goodall, Managing Director e.surv PDMR 29,810
Andy Deeks, Chief Strategy Officer PDMR 36,619
David Akinluyi, Chief Operating Officer PDMR 30,420
As described in our Annual Report and Accounts 2021, the above LTIP awards are
nil-cost options that will normally become exercisable on 29 March 2025,
subject to continuous employment and the following performance conditions for
the three Executive Directors:
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
50% 3 years ending 31(st) December 2024 Adjusted Basic earnings per share ("EPS") in 2024 46.9 pence 25% 52.8 pence
50% Total Shareholder Return ("TSR") ranked against the FTSE Small Cap, excluding Median 25% Upper quartile
investment trusts
The awards made to the Company's Executive Directors are subject to a two year
post-vesting holding period.
All 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 David Stewart
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code 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 157,435
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 29 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
29 March 2022
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code 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 106,283
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 29 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
29 March 2022
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code 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 108,401
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 29 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
29 March 2022
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code 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 61,720
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 29 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
29 March 2022
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 Steve Goodall
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code 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 29,810
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 29 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
29 March 2022
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 Andy Deeks
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code 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 36,619
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 29 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
29 March 2022
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 David Akinluyi
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code 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 30,420
d) Aggregated information Not applicable - single transaction.
- Aggregated volume
- Price
e) Date of the transaction 29 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
29 March 2022
f)
Place of the transaction
Outside a trading venue
For further information, please contact:
Sapna B FitzGerald, Company Secretary
Investorrelations@lslps.co.uk
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