TIDMLSL

RNS Number : 6841X

LSL Property Services PLC

05 May 2021

LSL Property Services plc

("LSL" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 5 May 2021 that awards were, on 5 May 2021, granted to Directors and PDMRs pursuant to LSL's Long Term Incentive Plan ("LTIP") as follows:

 
Name of Director/PDMR                   Number of LSL Property Services 
                                         plc ordinary shares of 0.2p each 
                                         awarded 
David Stewart, Group Chief Executive 
 Officer                                             139,458 
Adam Castleton, Group Chief Financial 
 Officer                                             94,094 
Helen Buck, Executive Director 
 - Estate Agency                                     96,006 
Jon Round, Group Financial Services 
 Director (PDMR)                                     54,651 
Steve Goodall, Managing Director 
 e.surv (PDMR)                                       23,255 
Andy Deeks, Chief Strategy Officer 
 (PDMR)                                              32,435 
 

As described in the Company's Annual Report and Accounts 2020, the awards are nil-cost options that will normally become exercisable on 5 May 2024, subject to continuous employment and the following performance conditions:

 
 Percentage      Performance      Performance measure       Threshold         Proportion       Performance 
  of award        period                                   performance          vesting        for maximum 
  subject                                                  (no vesting       for threshold    (100%) vesting 
  to condition                                           below threshold)     performance 
                    3 years       Adjusted Basic 
                  ending 31(st)    earnings per 
                    December       share ("EPS") 
      50%             2021         in 2023                 28.6 pence            25%           40.5 pence 
                ---------------  --------------------  ------------------  ---------------  ---------------- 
                                  Total Shareholder 
                                   Return ("TSR") 
                                   ranked against 
                                   the FTSE Small 
                                   Cap, excluding 
      50%                          investment trusts         Median              25%         Upper quartile 
                ---------------  --------------------  ------------------  ---------------  ---------------- 
 

Vested awards normally remain exercisable until 10 years from their grant.

The awards made to the Company's Executive Directors; David Stewart, Adam Castleton and Helen Buck, are subject to a two year post-vesting holding period.

The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.

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 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         139,458 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    5 May 2021 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 

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                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         94,094 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    5 May 2021 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 

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                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         96,006 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    5 May 2021 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 

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                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         54,651 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    5 May 2021 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 

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                                       Steve Goodall 
     -----------------------------------------  --------------------------- 
 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                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         23,255 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    5 May 2021 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 

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                                       Andy Deeks 
     -----------------------------------------  --------------------------- 
 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                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         32,435 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    5 May 2021 
     -----------------------------------------  --------------------------- 
 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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END

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(END) Dow Jones Newswires

May 05, 2021 11:51 ET (15:51 GMT)

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