RNS Number : 8677M
LSL Property Services PLC
01 May 2024
 

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 30 April 2024 that awards were, on 30 April 2024, 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

209,822

Adam Castleton, Group Chief Financial Officer

141,726

Steve Goodall, Managing Director e.surv (PDMR)

39,708

Paul Hardy, Managing Director Estate Agency (PDMR)

36,601

Richard Howells, Managing Director Financial Services (PDMR)

38,304

 

The LTIP awards are nil-cost options that will normally become exercisable on 30 April 2027, subject to continuous employment and satisfaction of the performance conditions detailed in the table below.

 

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 31 December 2026

Adjusted Basic earnings per share ("EPS") in 2026

26.5 pence

25%

32.5 pence

50%

Total Shareholder Return ("TSR") ranked against the FTSE Small Cap, excluding investment trusts

Median

25%

Upper quartile

 

The awards made to the Company's Executive Directors are subject to a two year post-vesting holding period.

All vested awards normally remain exercisable until 10 years from their grant.

 

 

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

Nil-cost option award made pursuant to LSL's 2024 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

209,822

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30 April 2024

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

Nil-cost option award made pursuant to LSL's 2023 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

141,726

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30 April 2024

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

Nil-cost option award made pursuant to LSL's 2023 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

39,708

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30 April 2024

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

Paul Hardy

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

Nil-cost option award made pursuant to LSL's 2023 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

36,601

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30 April 2024

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

Richard Howells

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

Nil-cost option award made pursuant to LSL's 2023 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

38,304

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30 April 2024

f)

Place of the transaction

Outside a trading venue

 

For further information, please contact:
Sapna B FitzGerald, Company Secretary
Investorrelations@lslps.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFVVEEILIIS