Director/PDMR Shareholding

RNS Number : 6428K

LSL Property Services

20 April 2015

 

For Immediate Release

20 April 2015

LSL Property Services plc 

("LSL" or "the Group")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

In accordance with Disclosure Rule 3.1.4R(1), LSL Property Services plc hereby notifies that the following options have been granted to the following Directors and PDMRs pursuant to LSL's Long Term Incentive Plan (LTIP):

Name of Director/PDMR	Number of LSL Property Services plc ordinary shares over which LTIP Award granted on 16th April 2015
Ian Crabb, Group CEO	101,684
Adrian Gill, Executive Director	76,923
Jon Round, PDMR	19,230
Ronan Jennings, PDMR	22,417

The grants were by way of nil-cost options in respect of ordinary shares and the awards are subject to a range of normalised earnings per share growth targets (70% of an award) and a TSR condition (30% of an award), each applying to separate parts of an award and measured over a period of three years as follows:

1.    30% Relative Total Shareholder Return (TSR): 25% of this part will vest for TSR equal to the median constituents of the FTSE 250 (excluding investment trusts) increasing pro-rata to 100% of this part of the award vesting for TSR equal to the upper quartile.

2.    70% Adjusted Basic Earnings Per Share (EPS) per annum: 25% of this part of an award will vest for achieving EPS growth of 7.5% increasing pro-rata to 100% of this part of any award vesting for achieving EPS growth of 17.5%

The above options will first become exercisable on 16th April 2018.

This notification is made in accordance with Disclosure and Transparency Rule 3.1.2.

For further information, please contact:
Sapna B FitzGerald, Company Secretary
01904 698 850.

 

 

END

 

 

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