TIDMLSL

RNS Number : 1262V

LSL Property Services PLC

04 August 2020

LSL Property Services plc

"LSL"

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

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 4(th) August 2020, that the following transactions which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan ("SIP") on 3(rd) August 2020.

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in LSL of 0.2p each ("Ordinary Shares"), using deductions from their salary in each monthly pay period ("Partnership Shares"), and receive allocations of matching free Ordinary Shares ("Matching Shares").

The SIP Trustees (Link Market Services Trustees Limited) acquired a total of 9,135 Partnership Shares on 3(rd) August 2020 at a price of GBP1.94 per Ordinary Share and total cost of GBP17,727.99. The Partnership Shares were acquired by purchase in the market and allocated to employees participating in the SIP, including the Directors/PDMRs detailed below.

On the 3(rd) August 2020, the SIP Trustees also allocated a total of 1,815 Matching Shares. The number of Matching Shares granted by the SIP Trustees to the Directors/PDMRs at nil cost is also set out in the table below:

 
Director/PDMR     Number of Partnership  Number of Matching  Total shareholding 
 details           Shares                 Shares              post transaction 
                                                              (including 
                                                              shares held 
                                                              by the SIP 
                                                              on behalf of 
                                                              the director/PDMR) 
                                                              as at 3(rd) 
                                                              August 2020 
Adam Castleton, 
 Group CFO                 77                    16                 3,822 
Helen Buck, 
 Executive 
 Director, 
 Estate Agency             77                    15                 2,826 
Jon Round, 
 PDMR                      78                    15                215,369 
 

The notifications below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014, give further detail.

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 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  ------------------------------- 
 b)   Nature of transaction                      Purchase and allocation 
                                                  of Partnership and 
                                                  Matching Shares (no 
                                                  consideration), respectively, 
                                                  under the LSL Property 
                                                  Services Share Incentive 
                                                  Plan. 
     -----------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   GBP1.94     77 
                                                              ---------- 
                                                   Nil         16 
                                                              ---------- 
     -----------------------------------------  ------------------------------- 
 d)        Aggregated information                 Price       Aggregate 
             *    Aggregated volume                             Volume 
                                                   GBP1.606    93 
                                                              ---------- 
             *    Price 
     -----------------------------------------  ------------------------------- 
 e)   Date of the transaction                    3(rd) August 2020 
     -----------------------------------------  ------------------------------- 
 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                                       Helen Buck 
     -----------------------------------------  ------------------------------- 
 2    Reason for notification 
     -----------------------------------------  ------------------------------- 
 a)   Position/Status                            Executive Director, 
                                                  Estate Agency 
     -----------------------------------------  ------------------------------- 
 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 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  ------------------------------- 
 b)   Nature of transaction                      Purchase and allocation 
                                                  of Partnership and 
                                                  Matching Shares (no 
                                                  consideration), respectively, 
                                                  under the LSL Property 
                                                  Services Share Incentive 
                                                  Plan. 
     -----------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   GBP1.94     77 
                                                              ---------- 
                                                   Nil         15 
                                                              ---------- 
     -----------------------------------------  ------------------------------- 
 d)        Aggregated information                 Price       Aggregate 
             *    Aggregated volume                             Volume 
                                                   GBP1.624    92 
                                                              ---------- 
             *    Price 
     -----------------------------------------  ------------------------------- 
 e)   Date of the transaction                    3(rd) August 2020 
     -----------------------------------------  ------------------------------- 
 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 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  ------------------------------- 
 b)   Nature of transaction                      Purchase and allocation 
                                                  of Partnership and 
                                                  Matching Shares (no 
                                                  consideration), respectively, 
                                                  under the LSL Property 
                                                  Services Share Incentive 
                                                  Plan. 
     -----------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   GBP1.94     78 
                                                              ---------- 
                                                   Nil         15 
                                                              ---------- 
     -----------------------------------------  ------------------------------- 
 d)        Aggregated information                 Price       Aggregate 
             *    Aggregated volume                             Volume 
                                                   GBP1.627    93 
                                                              ---------- 
             *    Price 
     -----------------------------------------  ------------------------------- 
 e)   Date of the transaction                    3(rd) August 2020 
     -----------------------------------------  ------------------------------- 
 f)   Place of the transaction                   London Stock Exchange 
     -----------------------------------------  ------------------------------- 
 

For further information, please contact:

Sapna B FitzGerald, Company Secretary

01904 698 850

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END

DSHFLFLETLISIII

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August 04, 2020 11:13 ET (15:13 GMT)