LSL Property Services PLC Director/PDMR Shareholding
May 22 2024 - 10:31AM
RNS Regulatory News
RNS Number : 5257P
LSL Property Services PLC
22 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 20 May 2024 that Paul Hardy (Managing Director Estate
Agency Franchising) or Persons Closely Associated (PCA) with him
acquired 0.2p ordinary shares in LSL on 17 May 2024, following the
exercise by Paul of options received in 2021 pursuant to LSL's Long
Term Incentive Plan (LTIP). The details of the exercise are set out
in the table below.
2021 LTIP:
The 2021 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 7 May 2024.
Paul exercised his 2021 LTIP options
and as part of this he also 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. The
actual number of shares sold on behalf of Paul is set out in the
table below.
Following this exercise, Paul's
total shareholding in LSL is set out in the table below.
Number of shares acquired
|
Number of shares sold
|
Total number of shares held by Director/PDMR and their PCAs
following transaction(s) (including shares held in LSL's SIP) as at
17 May 2024
|
LTIP 2021: 4,660
|
2,1971
|
56,2772
|
1 Shares sold to account for
tax and NI.
2 Total combined number of
shares held by Paul Hardy and his 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
|
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
|
Shares acquired by exercising
nil-cost options received pursuant to LSL Property Services
plc's 2021 LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
4,660
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
Not applicable
|
e)
|
Date of the transaction
|
17 May 2024
|
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, type of instrument
Identification code
|
Ordinary shares of 0.2p each in LSL
Property Services plc
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 2021 LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£3.05
|
2,197
|
|
d)
|
Aggregated information
- Aggregated
volume
Price
|
Not applicable
|
e)
|
Date of the transaction
|
17 May 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
2
|
Details of the person discharging managerial responsibilities/
person closely associated
|
|
a)
|
Name
|
Deborah Hardy
|
2
|
Reason for notification
|
|
a)
|
Position/Status
|
Person closely associated to Paul
Hardy - 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
|
Balance of the shares acquired by
Paul Hardy, following exercising of nil-cost options received
pursuant to LSL Property Services plc's 2021 LTIP and a proportion
of the vested shares sold to account for tax and NI, transferred to
Deborah Hardy.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
2,463
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
Not applicable
|
e)
|
Date of the transaction
|
17 May 2024
|
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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