Director / PDMR Shareholding

Summary by AI BETAClose X

LSL Property Services plc announced that on May 28, 2026, David Tilak, Group Chief Financial Officer, was granted share-based awards under the 2025 Long Term Incentive Plan. This award is structured as a nil-cost option, vesting and exercisable on December 31, 2027, and December 31, 2029, contingent upon achieving specific compound annual growth in the company's share value. The number of shares awarded will be equivalent to 14% of the total vested pool available for distribution, determined by the share value growth from January 2025 to each vesting date.

Disclaimer*

LSL Property Services PLC
29 May 2026
 

29 May 2026

LSL Property Services plc ("LSL" or "the Company") 

Director / PDMR Shareholding

 

On 28 May 2026, the Company granted share-based awards ("Awards") under the LSL Property Services plc 2025 Long Term Incentive Plan (the "2025 LTIP") to the following 'persons discharging managerial responsibilities':

 

PDMR

Individual allocation of the total 'pool' available for distribution pursuant to the 2025 LTIP

David Tilak

14%

 

The Award is granted in the form of a nil-cost option which will be capable of vesting on, and exercise following, each of 31 December 2027 and 31 December 2029, subject to the achievement on each such date of a minimum level of compound annual growth in the value of an ordinary share in the capital of the Company (a "Share") being achieved by the relevant vesting date.

 

The number of Shares over which the Award shall vest and become exercisable shall be such number of Shares as have a value, as at the relevant vesting date, which is equal to the relevant Award holder's individual allocation (as shown in the table above) of the total 'pool' which is available for distribution pursuant to the 2025 LTIP. The total 'pool' which is available for distribution shall be determined by reference to the extent of the compound annual growth in the value of a Share from January 2025 to the relevant vesting date.

 

For further details of the 2025 LTIP, including the compound annual growth in the value of a Share which is required to be achieved and the basis on which the total 'pool' available for distribution pursuant to the 2025 LTIP will be calculated, shareholders should review the detailed summary of the principal terms of the 2025 LTIP which can be found in Part III of the Notice of General Meeting which was circulated to shareholders on 9 May 2025.

 

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014, as retained in UK law pursuant to the European Union (Withdrawal) Act 2018.

 

For further information, please contact:

Debbie Fish, Group Company Secretary

Tel: 07483 147659

investorrelations@lslps.co.uk

 

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 Tilak

2.

Reason for the notification

a)

Position/status

Group Chief Financial Officer

b)

Initial notification/ Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, 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; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 0.2p each in LSL Property Services plc 

Identification code

GB00B1G5HX72

 

b)

Nature of the transaction

Grant of an award over ordinary shares pursuant to the LSL Property Services plc 2025 Long Term Incentive Plan

  

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

Such number of ordinary shares as have, at each relevant vesting date of the award, a value which is equal to 14% of the total vested 'pool' which is available for distribution pursuant to the 2025 LTIP.

d)

Aggregated information

 Not applicable - single transaction

e)

Date of the transaction

28 May 2026

f)

Place of the transaction

Outside a trading venue

 

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