Source - LSE Regulatory
RNS Number : 8619L
LSL Property Services PLC
04 May 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 2nd May 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 1st May 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 10,525 Partnership Shares on 1st May 2020 at a price of £1.62 per Ordinary Share and total cost of £17,101.76. 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 1st May 2020, the SIP Trustees also allocated a total of 2,060 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 details

Number of Partnership Shares

Number of Matching Shares

Total shareholding post transaction (including shares held by the SIP on behalf of the director/PDMR) as at 1st May 2020

Adam Castleton, Group CFO

92

18

3,544

Helen Buck, Executive Director, Estate Agency

92

18

2,549

Jon Round, PDMR

92

18

215,092

 

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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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)

£1.62

92

Nil

18

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Aggregate Volume

£1.355

110

e)

Date of the transaction

1st May 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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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)

£1.62

92

Nil

18

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Aggregate Volume

£1.355

110

e)

Date of the transaction

1st May 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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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)

£1.62

92

Nil

18

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Aggregate Volume

£1.355

110

e)

Date of the transaction

1st May 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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