REG - LSL Property Svcs. - Director/PDMR Shareholding

LSL Property ServicesAnnouncement

10/05/2024 13:30

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RNS Number : 0268O  LSL Property Services PLC  10 May 2024

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 8(th) May 2024 that David
Stewart (Group Chief Executive Officer) and Adam Castleton (Group Chief
Financial Officer) each acquired 0.2p ordinary shares in LSL on 8(th) May
2024, following the exercise of options received in 2021 pursuant to LSL's
Long Term Incentive Plan (LTIP). The details of the exercises are set out in
the table below.

2021 LTIP:

The 2021 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 7(th) May 2024.

David and Adam have exercised their 2021 LTIP options and as part of this they
have 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.  The actual number of shares sold on behalf of David and Adam is set
out in the table below.  The shares acquired by David and Adam under the 2021
LTIP are subject to a two-year post-vesting holding period in accordance with
LSL's remuneration policy.

Following these exercises, David and 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(1)  Total number of shares following transaction(s) (including shares held in
                                                                                                     LSL's SIP) as at 8(th) May 2024
 David Stewart, Group Chief Executive Officer   LTIP 2021: 31,238          14,727                    95,180

 Adam Castleton, Group Chief Financial Officer  LTIP 2021: 21,077          9,936                     141,591

(1) Shares sold to account for tax and NI.

 

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  2021 LTIP.
 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    Nil       31,238
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                                        8(th) May 2024
 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 2021 LTIP.
 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    £2.97     14,727
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     Price
 e)  Date of the transaction                                                        8(th) May 2024
 f)  Place of the transaction                                                       London Stock Exchange

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable

e)

Date of the transaction

8(th) May 2024

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 2021 LTIP.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £2.97     14,727

d)

Aggregated information

-      Aggregated volume

Price

Not applicable

e)

Date of the transaction

8(th) May 2024

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  2021 LTIP.
 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    Nil       21,077
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                                        8(th) May 2024
 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 2021 LTIP.
 c)  Price(s) and volume(s)                                                         Price(s)  Volume(s)
                                                                                    £2.97     9,936
 d)  Aggregated information                                                         Not applicable

     -      Aggregated volume

     Price
 e)  Date of the transaction                                                        8(th) May 2024
 f)  Place of the transaction                                                       London Stock Exchange

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable

e)

Date of the transaction

8(th) May 2024

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 2021 LTIP.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £2.97     9,936

d)

Aggregated information

-      Aggregated volume

Price

Not applicable

e)

Date of the transaction

8(th) May 2024

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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