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RNS Number : 5394P LSL Property Services PLC 20 June 2022
LSL Property Services plc (LSL)
Notification of Transactions by Directors, Persons Discharging Managerial
Responsibility (PDMRs) or Connected Persons.
In accordance with DTR 3, LSL was notified that Helen Buck (Executive Director
- Estate Agency) and Jon Round (PDMR) each undertook transactions in 0.2p
ordinary shares in LSL on 15 and 16 June 2022, following the exercise of
options received in 2019 pursuant to LSL's Save As You Earn option scheme
(SAYE) and Long Term Incentive Plan (LTIP). The details of the exercises and
transactions are set out below.
2019 SAYE:
The 2019 SAYE is an all-employee scheme approved by HM Revenue and Customs.
The 2019 SAYE exercise price for the options granted was £2.65 per ordinary
share of 0.2p and the options became exercisable at the end of the three-year
saving plan, on 1 June 2022.
2019 LTIP:
The 2019 LTIP grants were by way of nil-cost options in respect of ordinary
shares of 0.2p and were subject to performance conditions. These options
became exercisable on 29 March 2022.
Instructions have been given to sell a proportion of the vested shares in
order to account for tax and NI arising on the vesting of the LTIP awards. The
number of shares instructed to be sold on behalf of Helen and Jon is set out
in the table below.
As an Executive Director, shares awarded to Helen under the LTIP (after any
sale to cover tax and national insurance liabilities on exercise) are subject
to a two-year post-vesting holding period in accordance with LSL's
remuneration policy.
Following these transactions, Helen and Jon's respective total shareholding's
in LSL are set out in the table below.
Details of Director or PDMR Number of shares acquired Number of shares sold (to account for tax and NI) Total number of shares following transaction(s) (including shares held in
LSL's SIP)
Helen Buck, Executive Director - Estate Agency SAYE 2019: 2,037 -
103,765
LTIP 2019: 138,685 67,117
Jon Round, PDMR (1) SAYE 2019: 2,037 -
144,533
LTIP 2019: 39,496 19,115
Note 1:
Due to a typographical error, Jon Round's total shareholding in LSL's
announcement dated 17 June 2022 was incorrectly stated to be 112,115. The
total shareholding should have been stated as 122,115. The total number of
shares in the table above makes the necessary adjustment for that
typographical error.
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 Shares acquired by exercising options received pursuant to LSL's Save As You
Earn scheme.
c) Price(s) and volume(s) Price(s) Volume(s)
£2.65 2,037
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 15 June 2022
f) Place of the transaction Outside a trading venue
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 Shares acquired by exercising options received pursuant to LSL Property
Services plc Long Term Incentive Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 138,685
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 16 June 2022
f) Place of the transaction Outside a trading venue
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 Immediate sale of ordinary shares to cover tax and national insurance
liabilities following exercise of nil-cost options under the 2019 LTIP
c) Price(s) and volume(s) Price(s) Volume(s)
£3.42 67,117
d) Aggregated information Not applicable
- Aggregated volume
Price
e) Date of the transaction 16 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
15 June 2022
f)
Place of the transaction
Outside a trading venue
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
Shares acquired by exercising options received pursuant to LSL Property
Services plc Long Term Incentive Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 138,685
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
16 June 2022
f)
Place of the transaction
Outside a trading venue
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
Immediate sale of ordinary shares to cover tax and national insurance
liabilities following exercise of nil-cost options under the 2019 LTIP
c)
Price(s) and volume(s)
Price(s) Volume(s)
£3.42 67,117
d)
Aggregated information
- Aggregated volume
Price
Not applicable
e)
Date of the transaction
16 June 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 Shares acquired by exercising options received pursuant to LSL's Save As You
Earn scheme.
c) Price(s) and volume(s) Price(s) Volume(s)
£2.65 2,037
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 15 June 2022
f) Place of the transaction Outside a trading venue
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 Shares acquired by exercising options received pursuant to LSL Property
Services plc Long Term Incentive Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 39,496
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 16 June 2022
f) Place of the transaction Outside a trading venue
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 Immediate sale of ordinary shares to cover tax and national insurance
liabilities following exercise of nil-cost options under the 2019 LTIP
c) Price(s) and volume(s) Price(s) Volume(s)
£3.42 19,115
d) Aggregated information Not applicable
- Aggregated volume
Price
e) Date of the transaction 16 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
15 June 2022
f)
Place of the transaction
Outside a trading venue
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
Shares acquired by exercising options received pursuant to LSL Property
Services plc Long Term Incentive Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 39,496
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
16 June 2022
f)
Place of the transaction
Outside a trading venue
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
Immediate sale of ordinary shares to cover tax and national insurance
liabilities following exercise of nil-cost options under the 2019 LTIP
c)
Price(s) and volume(s)
Price(s) Volume(s)
£3.42 19,115
d)
Aggregated information
- Aggregated volume
Price
Not applicable
e)
Date of the transaction
16 June 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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