LSL Property Services PLC Director/PDMR Shareholding (2728V)
30 Novembre 2023 - 4:48PM
UK Regulatory
TIDMLSL
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 Number of shares Number of shares Total number
or PDMR acquired sold 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, Ordinary shares of
type of instrument 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, Ordinary shares of
type of instrument 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)
GBP2.13 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
----------------------------------------- ---------------------------
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, Ordinary shares of
type of instrument 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, Ordinary shares of
type of instrument 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)
GBP2.13 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
----------------------------------------- ---------------------------
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, Ordinary shares of
type of instrument 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, Ordinary shares of
type of instrument 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)
GBP2.13 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
----------------------------------------- ---------------------------
For further information, please contact:
Sapna B FitzGerald, Company Secretary
investorrelations@lslps.co.uk
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END
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