REG - LSL Property Svcs. - Director/PDMR Shareholding

LSL Property ServicesAnnouncement

10/05/2024 13:30

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RNS Number : 0255O  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          15,081(1)              53,814(2)

(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                    Ordinary shares of 0.2p each in LSL Property Services plc

     Identification code                                                            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                                                         Not applicable

     -       Aggregated volume

     -       Price
 e)  Date of the transaction                                                        8(th) 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                    Ordinary shares of 0.2p each in LSL Property Services plc

     Identification code                                                            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                                                         Not applicable

     -       Aggregated volume

     Price
 e)  Date of the transaction                                                        8(th) May 2024
 f)  Place of the transaction                                                       London Stock Exchange

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable

e)

Date of the transaction

8(th) 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

8(th) 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                    Ordinary shares of 0.2p each in LSL Property Services plc

     Identification code                                                            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                                                         Not applicable

     -       Aggregated volume

     -       Price
 e)  Date of the transaction                                                        8(th) May 2024
 f)  Place of the transaction                                                       Outside a trading venue

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable

e)

Date of the transaction

8(th) 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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