REG - LSL Property Svcs. - Director/PDMR Shareholding
22/05/2024 16:45
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RNS Number : 5257P LSL Property Services PLC 22 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 20 May 2024 that Paul Hardy
(Managing Director Estate Agency Franchising) or Persons Closely Associated
(PCA) with him acquired 0.2p ordinary shares in LSL on 17 May 2024, following
the exercise by Paul of options received in 2021 pursuant to LSL's Long Term
Incentive Plan (LTIP). The details of the exercise 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 May 2024.
Paul exercised his 2021 LTIP options and as part of this he also 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 Paul is set out in the table
below.
Following this exercise, Paul's total shareholding in LSL is set out in the
table below.
Number of shares acquired Number of shares sold Total number of shares held by Director/PDMR and their PCAs following
transaction(s) (including shares held in LSL's SIP) as at 17 May 2024
LTIP 2021: 4,660 2,197(1) 56,277(2)
(1 Shares sold to account for tax and NI.)
(2 Total combined number of shares held by Paul Hardy and his PCAs.)
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 Paul Hardy
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 2021 LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,660
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 17 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)
£3.05 2,197
d) Aggregated information Not applicable
- Aggregated volume
Price
e) Date of the transaction 17 May 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
17 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)
£3.05 2,197
d)
Aggregated information
- Aggregated volume
Price
Not applicable
e)
Date of the transaction
17 May 2024
f)
Place of the transaction
London Stock Exchange
2 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Deborah Hardy
2 Reason for notification
a) Position/Status Person closely associated to Paul Hardy - 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 Balance of the shares acquired by Paul Hardy, following exercising of nil-cost
options received pursuant to LSL Property Services plc's 2021 LTIP and a
proportion of the vested shares sold to account for tax and NI, transferred to
Deborah Hardy.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 2,463
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 17 May 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
17 May 2024
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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