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RNS Number : 2728V LSL Property Services PLC 30 November 2023
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 28 November 2023 that David
Stewart (Group Chief Executive Officer), Adam Castleton (Group Chief Financial
Officer) and Jon Round (PDMR) each acquired 0.2p ordinary shares in LSL on 28
November 2023, following the exercise of options received in 2020 pursuant to
LSL's Long Term Incentive Plan (LTIP). The details of the exercises are set
out in the table below.
2020 LTIP:
The 2020 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 13 November 2023.
David, Adam and Jon have exercised their 2020 LTIP options and as part of this
David and Adam elected to sell a proportion of the vested shares to account
for tax and NI arising on the vesting of the LTIP awards, whilst retaining the
rest of the shares. Jon has elected to sell all of the shares he acquired
pursuant to the 2020 LTIP. The actual number of shares sold on behalf of
David, Adam and Jon is set out in the table below. The shares acquired by
David and Adam under the 2020 LTIP are subject to a two-year post-vesting
holding period in accordance with LSL's remuneration policy.
Following these exercises, David, Adam and Jon'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 Total number of shares following transaction(s) (including shares held in
LSL's SIP) as at 28 November 2023
David Stewart, Group Chief Executive Officer LTIP 2020: 97,828 46,118(1) 78,253
Adam Castleton, Group Chief Financial Officer LTIP 2020: 66,017 31,122(1) 130,034
Jon Round, PDMR LTIP 2020: 46,090 46,090(2) 146,053
(1) Shares sold to account for tax and NI.
(2) Full 2020 LTIP award sold.
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 Shares acquired by exercising nil-cost options received pursuant to LSL
Property Services plc's 2020 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 97,828
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 28 November 2023
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 2020 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
£2.13 46,118
d) Aggregated information Not applicable
- Aggregated volume
Price
e) Date of the transaction 28 ( )November 2023
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 November 2023
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 2020 LTIP.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£2.13 46,118
d)
Aggregated information
- Aggregated volume
Price
Not applicable
e)
Date of the transaction
28 ( )November 2023
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code GB00B1G5HX72
b) Nature of transaction Shares acquired by exercising nil-cost options received pursuant to LSL
Property Services plc's 2020 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 66,017
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 28 November 2023
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 2020 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
£2.13 31,122
d) Aggregated information Not applicable
- Aggregated volume
Price
e) Date of the transaction 28 November 2023
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 November 2023
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 2020 LTIP.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£2.13 31,122
d)
Aggregated information
- Aggregated volume
Price
Not applicable
e)
Date of the transaction
28 November 2023
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 Ordinary shares of 0.2p each in LSL Property Services plc
Identification code GB00B1G5HX72
b) Nature of transaction Shares acquired by exercising nil-cost options received pursuant to LSL
Property Services plc's 2020 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 46,090
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 28 November 2023
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 full 2020 LTIP award.
c) Price(s) and volume(s) Price(s) Volume(s)
£2.13 46,090
d) Aggregated information Not applicable
- Aggregated volume
Price
e) Date of the transaction 28 November 2023
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 November 2023
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 full 2020 LTIP award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£2.13 46,090
d)
Aggregated information
- Aggregated volume
Price
Not applicable
e)
Date of the transaction
28 November 2023
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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