Director/PDMR Shareholding

LSL Property Services PLC

01 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 30 April 2024 that awards were, on 30 April 2024, granted to Directors and PDMRs pursuant to LSL's Long Term Incentive Plan ("LTIP") as follows:

Name of Director/PDMR	Number of LSL Property Services plc ordinary shares of 0.2p each awarded
David Stewart, Group Chief Executive Officer	209,822
Adam Castleton, Group Chief Financial Officer	141,726
Steve Goodall, Managing Director e.surv (PDMR)	39,708
Paul Hardy, Managing Director Estate Agency (PDMR)	36,601
Richard Howells, Managing Director Financial Services (PDMR)	38,304

The LTIP awards are nil-cost options that will normally become exercisable on 30 April 2027, subject to continuous employment and satisfaction of the performance conditions detailed in the table below.

Percentage of award subject to condition	Performance period	Performance measure	Threshold performance (no vesting below threshold)	Proportion vesting for threshold performance	Performance for maximum (100%) vesting
50%	3 years ending 31 December 2026	Adjusted Basic earnings per share ("EPS") in 2026	26.5 pence	25%	32.5 pence
50%		Total Shareholder Return ("TSR") ranked against the FTSE Small Cap, excluding investment trusts	Median	25%	Upper quartile

The awards made to the Company's Executive Directors are subject to a two year post-vesting holding period.

All vested awards normally remain exercisable until 10 years from their grant.

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	Nil-cost option award made pursuant to LSL's 2024 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 209,822
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	30 April 2024
f)	Place of the transaction	Outside a trading venue

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	Nil-cost option award made pursuant to LSL's 2023 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 141,726
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	30 April 2024
f)	Place of the transaction	Outside a trading venue

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	Nil-cost option award made pursuant to LSL's 2023 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 39,708
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	30 April 2024
f)	Place of the transaction	Outside a trading venue

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	Nil-cost option award made pursuant to LSL's 2023 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 36,601
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	30 April 2024
f)	Place of the transaction	Outside a trading venue

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	Richard Howells
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	Nil-cost option award made pursuant to LSL's 2023 LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 38,304
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction.
e)	Date of the transaction	30 April 2024
f)	Place of the transaction	Outside a trading venue

For further information, please contact:
Sapna B FitzGerald, Company Secretary
[e-mail]

 

END