LSL Property Services plc (LSL)
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility (PDMRs) or Connected Persons.
All Employee Share Scheme - Share Incentive Plan (SIP) Purchase.
In accordance with DTR 3, LSL was notified on 1st July 2024 that the following transactions, which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan (SIP) on 28th June 2024.
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 also acquires shares pursuant to LSL's dividend re-investment plan (DRIP) (Dividend Shares).
Following the payment of the full year dividend on 28th June 2024 and pursuant to the DRIP, the SIP Trustees (Link Market Services Trustees Limited) acquired a total of 15,325 Dividend Shares on 28th June 2024 at a price of £3.28 per Ordinary Share and total cost of £50,372.89. The Dividend Shares were acquired by purchase in the market and allocated to employees participating in the SIP, including the Directors/PDMRs detailed below. As the purchase of shares was pursuant to the DRIP, no Matching Shares were awarded.
| Director/PDMR details | Number of Dividend Shares | Number of Matching Shares | Total shareholding post transaction (including shares held by the SIP on behalf of the director/PDMR) as of 28th June 2024 |
| David Stewart, Group CEO | 53 | 0 | 95,286 |
| Adam Castleton, Group CFO | 167 | 0 | 141,811 |
| Paul Hardy, PDMR | 149 | 0 | 56,4791 |
| Steve Goodall, PDMR | 3 | 0 | 140 |
1 Total combined number of shares held by Paul Hardy and his Persons Closely Associated (PCAs).
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 Dividend Shares under the LSL Property Services Share Incentive Plan's Dividend Reinvestment Plan. | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 28th June 2024 | ||||||
| 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 Dividend Shares under the LSL Property Services Share Incentive Plan's Dividend Reinvestment Plan. | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 28th June 2024 | ||||||
| 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 | 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 | Purchase of Dividend Shares under the LSL Property Services Share Incentive Plan's Dividend Reinvestment Plan. | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 28th June 2024 | ||||||
| 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 | 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 | Purchase of Dividend Shares under the LSL Property Services Share Incentive Plan's Dividend Reinvestment Plan. | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 28th June 2024 | ||||||
| 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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