LSL Property Services plc (LSL)
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility (PDMRs) or Connected Persons.
In accordance with DTR 3, LSL was notified on 12th May 2022 of the following share purchases by its Executive Directors, which took place on 12th May 2022.
| Director details | Number of shares acquired | Total shareholding post transaction (including shares held by the SIP on behalf of the director) as at 12 May 2022 |
| David Stewart, Group CEO | 16,794 | 17,428 |
| Adam Castleton, Group CFO | 8,541 | 15,364 |
| Helen Buck, Executive Director, Estate Agency | 8,541 | 30,017 |
These purchases were made in accordance with LSL's Directors' Remuneration Policy (Policy), which requires each Executive Director to use a proportion of their annual bonus (net of tax) to purchase shares in LSL.
The purchases were made using the 2021 annual bonus payments, which were paid to the Directors in March 2022. The shares are subject to retention requirements and contribute towards each Directors' adherence to LSL's 'Executive share ownership guidelines' which form part of the Policy.
Details of Executive Director remuneration and the Policy can be found in LSL's Annual Report and Accounts 2021 (available on LSL's website).
Set out below is a notification made in accordance with Article 19 of the UK Market Abuse Regulation.
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 | Purchase of shares in LSL in accordance with the Company's Directors' Remuneration Policy. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
| e) | Date of the transaction | 12 May 2022 | ||||
| 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 | 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 of shares in LSL in accordance with the Company's Directors' Remuneration Policy. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 12 May 2022 | ||||
| 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 of shares in LSL in accordance with the Company's Directors' Remuneration Policy. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 12 May 2022 | ||||
| f) | Place of the transaction | London Stock Exchange |
For further information, please contact:
Sapna B FitzGerald, Company Secretary
investorrelations@lslps.co.uk
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