TIDMLSL
RNS Number : 8367X
LSL Property Services PLC
06 May 2021
LSL Property Services plc
("LSL" or "the Company")
CORRECTION: NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")
The performance period for the awards has been corrected to '3
years ending 31(st) December 2023', not '3 years ending 31(st)
December 2021.'
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% 2023 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
DSHUPUCAAUPGGAQ
(END) Dow Jones Newswires
May 06, 2021 11:57 ET (15:57 GMT)
Grafico Azioni Lsl Property Services (LSE:LSL)
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