LSL Property Services PLC Director/PDMR Shareholding

RNS Number : 6785R

LSL Property Services PLC

07 June 2024

 

LSL Property Services plc (LSL)

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility (PDMRs) or Connected Persons.

All Employee Share Scheme - Share Incentive Plan (SIP) Purchase.

In accordance with DTR 3, LSL was notified on 6 June 2024 that the following transactions, which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan (SIP) on 5 June 2024.

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in LSL of 0.2p each (Ordinary Shares), using deductions from their salary in each monthly pay period (Partnership Shares), and receive allocations of matching free Ordinary Shares (Matching Shares).

The SIP Trustees (Link Market Services Trustees Limited) acquired a total of 3,557 Partnership Shares on 5 June 2024 at a price of £3.37 per Ordinary Share and total cost of £11,987.09. The Partnership Shares were acquired by purchase in the market and allocated to employees participating in the SIP, including the Directors/PDMRs detailed below.

On the 5 June 2024 the SIP Trustees also allocated a total of 719 Matching Shares. The number of Matching Shares granted by the SIP Trustees to the Directors/PDMRs at nil cost is also set out in the table below:

Director/PDMR details	Number of Partnership Shares	Number of Matching Shares	Total shareholding post transaction (including shares held by the SIP on behalf of the director/PDMR) as at 5 June 2024.
David Stewart, Group CEO	44	9	95,233
Adam Castleton, Group CFO	44	9	141,644
Paul Hardy, PDMR	44	9	56,3301

^{1Paul's total holding has been updated since the previous notification to include shares held by persons closely associated to him.}

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	Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.37 44 Nil 9
d)	Aggregated information -      Aggregated volume -      Price	Price Aggregate Volume £2.798 53
e)	Date of the transaction	5 June 2024
f)	Place of the transaction	London Stock Exchange

 

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	Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.37 44 Nil 9
d)	Aggregated information -      Aggregated volume -      Price	Price Aggregate Volume £2.798 53
e)	Date of the transaction	5 June 2024
f)	Place of the transaction	London Stock Exchange

 

 

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	Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.37 44 Nil 9
d)	Aggregated information -      Aggregated volume -      Price	Price Aggregate Volume £2.798 53
e)	Date of the transaction	5 June 2024
f)	Place of the transaction	London Stock Exchange

 

For further information, please contact:

Sapna B FitzGerald, Company Secretary

[e-mail]

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