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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
  3.00 0.67% 448.00 446.00 449.00 449.00 443.00 449.00 17,832 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 266.7 20.9 15.9 28.2 467

LSL Property Services PLC Related Party Transaction

03/03/2021 7:00am

UK Regulatory (RNS & others)


Lsl Property Services (LSE:LSL)
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RNS Number : 9372Q

LSL Property Services PLC

03 March 2021

03 March 2021

LSL Property Services plc ("LSL")

Related Party Transaction

LSL Property Services plc ("LSL") has agreed the option price for the acquisition of the remaining 5% interest in Group First Ltd ("Group First") having initially invested in the company in 2016.

The option price has been agreed by way of a variation to the 2016 put and call option agreement, with Stephen Partridge and Ian Bush (the option holders) which results in the transactions being smaller related party transactions for each of the option holders and falls within the provision of Listing Rule 11.1.10R, requiring this announcement to be released.

The option price has been set at GBP1.4m with the transaction expected to complete in July 2021. Completion is subject to certain conditions being satisfied and no further adjustments to Group First's 2020 accounts. The acquisition will be through LSL's wholly owned subsidiary, your-move.co.uk Limited.

The variation relates to the timing of the determination of the option price and the date for the completion of the acquisition of the shares including payment of the option price.

For further information, please contact investorrelations@lslps.co.uk

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March 03, 2021 02:00 ET (07:00 GMT)

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