TIDMLSL

RNS Number : 2728V

LSL Property Services PLC

30 November 2023

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 28 November 2023 that David Stewart (Group Chief Executive Officer), Adam Castleton (Group Chief Financial Officer) and Jon Round (PDMR) each acquired 0.2p ordinary shares in LSL on 28 November 2023, following the exercise of options received in 2020 pursuant to LSL's Long Term Incentive Plan (LTIP). The details of the exercises are set out in the table below.

2020 LTIP:

The 2020 LTIP grants were by way of nil-cost options in respect of ordinary shares of 0.2p and were subject to performance conditions. These options became exercisable on 13 November 2023.

David, Adam and Jon have exercised their 2020 LTIP options and as part of this David and Adam elected to sell a proportion of the vested shares to account for tax and NI arising on the vesting of the LTIP awards, whilst retaining the rest of the shares. Jon has elected to sell all of the shares he acquired pursuant to the 2020 LTIP. The actual number of shares sold on behalf of David, Adam and Jon is set out in the table below. The shares acquired by David and Adam under the 2020 LTIP are subject to a two-year post-vesting holding period in accordance with LSL's remuneration policy.

Following these exercises, David, Adam and Jon's total shareholding in LSL is set out in the table below.

 
 Details of Director         Number of shares     Number of shares   Total number 
  or PDMR                     acquired             sold               of shares 
                                                                      following 
                                                                      transaction(s) 
                                                                      (including 
                                                                      shares held 
                                                                      in LSL's SIP) 
                                                                      as at 28 November 
                                                                      2023 
 David Stewart, Group 
  Chief Executive Officer    LTIP 2020: 97,828    46,118(1)          78,253 
                            -------------------  -----------------  ------------------- 
 Adam Castleton, Group 
  Chief Financial Officer    LTIP 2020: 66,017    31,122(1)          130,034 
                            -------------------  -----------------  ------------------- 
 Jon Round, PDMR             LTIP 2020: 46,090    46,090(2)          146,053 
                            -------------------  -----------------  ------------------- 
 

(1) Shares sold to account for tax and NI.

(2) Full 2020 LTIP award sold.

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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
                                                  Services plc 
       Identification code 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Shares acquired by 
                                                  exercising nil-cost 
                                                  options received pursuant 
                                                  to LSL Property Services 
                                                  plc's 2020 LTIP. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   Nil         97,828 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable 
             *    Aggregated volume 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    28 November 2023 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
                                                  Services plc 
       Identification code 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Immediate sale of ordinary 
                                                  shares to cover tax 
                                                  and national insurance 
                                                  liabilities following 
                                                  exercise of nil-cost 
                                                  options under the 2020 
                                                  LTIP. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   GBP2.13     46,118 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable 
             *    Aggregated volume 
 
 
            Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    28 November 2023 
     -----------------------------------------  --------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
                                                  Services plc 
       Identification code 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Shares acquired by 
                                                  exercising nil-cost 
                                                  options received pursuant 
                                                  to LSL Property Services 
                                                  plc's 2020 LTIP. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   Nil         66,017 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable 
             *    Aggregated volume 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    28 November 2023 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
                                                  Services plc 
       Identification code 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Immediate sale of ordinary 
                                                  shares to cover tax 
                                                  and national insurance 
                                                  liabilities following 
                                                  exercise of nil-cost 
                                                  options under the 2020 
                                                  LTIP. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   GBP2.13     31,122 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable 
             *    Aggregated volume 
 
 
            Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    28 November 2023 
     -----------------------------------------  --------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
                                                  Services plc 
       Identification code 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Shares acquired by 
                                                  exercising nil-cost 
                                                  options received pursuant 
                                                  to LSL Property Services 
                                                  plc's 2020 LTIP. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   Nil         46,090 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable 
             *    Aggregated volume 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    28 November 2023 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
                                                  Services plc 
       Identification code 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Immediate sale of full 
                                                  2020 LTIP award. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   GBP2.13     46,090 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable 
             *    Aggregated volume 
 
 
            Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    28 November 2023 
     -----------------------------------------  --------------------------- 
 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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END

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November 30, 2023 10:48 ET (15:48 GMT)

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