Source - LSE Regulatory
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 of award subject to condition

Performance period

Performance measure

Threshold performance (no vesting below threshold)

Proportion vesting for threshold performance

Performance for maximum (100%) vesting

50%

3 years ending 31st December 2021

Adjusted Basic earnings per share ("EPS") in 2023

28.6 pence

25%

40.5 pence

50%

Total Shareholder Return ("TSR") ranked against the FTSE Small Cap, excluding 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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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

-      Aggregated volume

-      Price

Not applicable - single transaction.

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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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

-      Aggregated volume

-      Price

Not applicable - single transaction.

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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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

-      Aggregated volume

-      Price

Not applicable - single transaction.

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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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

-      Aggregated volume

-      Price

Not applicable - single transaction.

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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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

-      Aggregated volume

-      Price

Not applicable - single transaction.

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, type of instrument

 

Identification code

Ordinary shares of 0.2p each in LSL Property 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

-      Aggregated volume

-      Price

Not applicable - single transaction.

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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