REG - LSL Property Svcs. - Director/PDMR Shareholding

LSL Property ServicesAnnouncement

09/09/2022 17:15

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RNS Number : 0009Z  LSL Property Services PLC  09 September 2022

LSL Property Services plc (LSL)

Notification of Transactions of Directors, Persons Discharging Managerial
Responsibility (PDMRs) or Connected Persons.

In accordance with DTR 3, LSL was notified on 9 September 2022 that Adam
Castleton (Group Chief Financial Officer) acquired 0.2p ordinary shares in LSL
on 7 September 2022, following the exercise of options received in 2018 and
2019 pursuant to LSL's Long Term Incentive Plan (LTIP). The details of the
exercises are set out in the table below.

2018 LTIP:

The 2018 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 2021.

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 National Insurance (NI) arising on the vesting of
the LTIP awards. The number of shares instructed to be sold on behalf of Adam
is set out in the table below.

As an executive director, shares awarded to Adam under the LTIP (after sale to
cover to cover tax and NI liabilities on exercise) are subject to a two year
post-vesting holding period in accordance with LSL's remuneration policy.

Following these exercises, Adam's total shareholding in LSL is 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)
 Adam Castleton (Group Chief Financial Officer)  LTIP 2018: 15,349          7,429

                                                                                                                                      93,790
                                                 LTIP 2019: 135,993         65,815

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                                                          Shares acquired by exercising options received pursuant to the 2018 LSL LTIP.

 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    Nil       15,349
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                                        7 September 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 the 2019 LSL LTIP.
 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    Nil       135,993
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                                        7 September 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 NI liabilities following
                                                                                    exercise of nil-cost options under the 2018 LSL LTIP.
 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    £3.35     7,429
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     Price
 e)  Date of the transaction                                                        7 September 2022
 f)  Place of the transaction                                                       London Stock Exchange
 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 NI liabilities following
                                                                                    exercise of nil-cost options under the 2019 LSL LTIP.
 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    £3.35     65,815
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     Price
 e)  Date of the transaction                                                        7 September 2022
 f)  Place of the transaction                                                       London Stock Exchange

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable

e)

Date of the transaction

7 September 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 the 2019 LSL LTIP.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 Nil       135,993

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable

e)

Date of the transaction

7 September 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 NI liabilities following
exercise of nil-cost options under the 2018 LSL LTIP.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £3.35     7,429

d)

Aggregated information

-      Aggregated volume

Price

Not applicable

e)

Date of the transaction

7 September 2022

f)

Place of the transaction

London Stock Exchange

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 NI liabilities following
exercise of nil-cost options under the 2019 LSL LTIP.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £3.35     65,815

d)

Aggregated information

-      Aggregated volume

Price

Not applicable

e)

Date of the transaction

7 September 2022

f)

Place of the transaction

London Stock Exchange

 

For further information, please contact:

Sapna B FitzGerald, Company Secretary

investorrelations@lslps.co.uk

 

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