Director/PDMR Shareholding

LSL Property Services PLC

10 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 8^th 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 8^th May 2024, following the exercise by Paul 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^th November 2023.

Paul exercised his 2020 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 exercises, 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 8 May 2024
LTIP 2020: 31,990	15,0811	53,8142

^{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  2020 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 31,990
d)	Aggregated information -       Aggregated volume -       Price	Not applicable
e)	Date of the transaction	8th 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 2020 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.97 15,081
d)	Aggregated information -       Aggregated volume Price	Not applicable
e)	Date of the transaction	8th 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 2020 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 16,909
d)	Aggregated information -       Aggregated volume -       Price	Not applicable
e)	Date of the transaction	8th May 2024
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Sapna B FitzGerald, Company Secretary

[e-mail]

 

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