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LSL Lsl Property Services Plc

270.00
4.00 (1.50%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lsl Property Services Plc LSE:LSL London Ordinary Share GB00B1G5HX72 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 1.50% 270.00 266.00 275.00 270.00 267.00 267.00 5,846 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 323.77M -63.92M -0.6148 -4.39 280.75M

LSL Property Services PLC Director/PDMR Shareholding (8832E)

10/11/2020 3:11pm

UK Regulatory


Lsl Property Services (LSE:LSL)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Lsl Property Services Charts.

TIDMLSL

RNS Number : 8832E

LSL Property Services PLC

10 November 2020

LSL Property Services plc

("LSL" or "the Company")

EXECUTIVE DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") ANNUAL LONG TERM INCENTIVE PLAN AWARDS 2020:

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 9(th) November 2020 that the following awards were granted to LSL's Executive Directors and PDMRs on 9(th) November 2020 pursuant to LSL's Long Term Incentive Plan ("LTIP"):

 
Name of Director/PDMR                            Number of LSL Property 
                                                  Services plc ordinary 
                                                  shares of 0.2p each 
                                                  awarded 
David Stewart, Group Chief Executive Officer 
 (Executive Director)                            221,833 
Adam Castleton, Group Chief Financial Officer 
 (Executive Director)                            149,700 
Helen Buck, Executive Director - Estate Agency 
 (Executive Director)                            152,665 
Jon Round, Group Financial Services Director 
 (PDMR)                                          104,513 
Mary Jane Cross, MD e.surv (PDMR)                39,192 
 

The awards are nil-cost options that will normally become exercisable on 9(th) November 2023, subject to continuous employment and performance conditions being met. Details of the performance conditions will be included in the Company's Annual Report & Accounts 2020 to be published in 2021. Vested awards normally remain exercisable until 10 years from their grant.

In light of the impact of the COVID-19 pandemic on the Company's share price, the awards for the Company's Executive Directors have been scaled-back from a normal annual award value of 125% of basic salary to 104% of basic salary.

The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.

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 (Executive 
                                                  Director) 
     -----------------------------------------  --------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         221,833 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    9(th) November 2020 
     -----------------------------------------  --------------------------- 
 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 
                                                  (Executive Director) 
     -----------------------------------------  --------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         149,700 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    9(th) November 2020 
     -----------------------------------------  --------------------------- 
 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                                       Helen Buck 
     -----------------------------------------  ---------------------------- 
 2    Reason for notification 
     -----------------------------------------  ---------------------------- 
 a)   Position/Status                            Executive Director 
                                                  - Estate Agency (Executive 
                                                  Director) 
     -----------------------------------------  ---------------------------- 
 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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  ---------------------------- 
 b)   Nature of transaction                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         152,665 
                                                              ---------- 
     -----------------------------------------  ---------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  ---------------------------- 
 e)   Date of the transaction                    9(th) November 2020 
     -----------------------------------------  ---------------------------- 
 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                                       Jon Round 
     -----------------------------------------  --------------------------- 
 2    Reason for notification 
     -----------------------------------------  --------------------------- 
 a)   Position/Status                            Group Financial Services 
                                                  Director (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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         104,513 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    9(th) November 2020 
     -----------------------------------------  --------------------------- 
 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                                       Mary Jane Cross 
     -----------------------------------------  --------------------------- 
 2    Reason for notification 
     -----------------------------------------  --------------------------- 
 a)   Position/Status                            MD e.surv (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,   Ordinary shares of 
       type of instrument                         0.2p each in LSL Property 
       Identification code                        Services plc 
                                                  GB00B1G5HX72 
     -----------------------------------------  --------------------------- 
 b)   Nature of transaction                      Awards made pursuant 
                                                  to LSL Property Services 
                                                  plc Long Term Incentive 
                                                  Plan. 
     -----------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                   N/A         39,192 
                                                              ---------- 
     -----------------------------------------  --------------------------- 
 d)        Aggregated information                Not applicable - single 
             *    Aggregated volume               transaction. 
 
 
             *    Price 
     -----------------------------------------  --------------------------- 
 e)   Date of the transaction                    9(th) November 2020 
     -----------------------------------------  --------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  --------------------------- 
 

For further information, please contact:

Sapna B FitzGerald, Company Secretary

investorrelations@lslps.co.uk

Notes:

1. The grant of the awards to the Company's Executive Directors (David Stewart, Adam Castleton and Helen Buck) and PDMRs (Jon Round and Mary Jane Cross) normally takes place in March each year in the period following the publication of the Company's preliminary results. The 2020 grant of the awards was delayed due to the existence of exceptional circumstances including the COVID-19 pandemic.

2. In response to the COVID-19 pandemic, all Board members agreed a voluntary reduction of one third of salary (Executive Directors) and fees (Non-Executive Directors) from 1(st) April 2020 to 1(st) August 2020.

   3.     The awards to the Executive Directors are subject to a two year post-vesting holding period. 
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DSHFLFIELALILII

(END) Dow Jones Newswires

November 10, 2020 10:11 ET (15:11 GMT)

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