Director/PDMR Shareholding

Released : Mar 30, 2017 15:19

RNS Number : 0654B
LSL Property Services
30 March 2017
 

LSL Property Services plc 

("LSL" or "the Company")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 30th March 2017 that awards were, on 30th March 2017, granted to Directors and PDMRs pursuant to LSL's Long Term Incentive Plan ("LTIP") as follows:

Name of Director/PDMR

Number of LSL Property Services plc ordinary shares of 0.2p each awarded

Ian Crabb, Group Chief Executive Officer

193,794

Adam Castleton, Group Chief Financial Officer

140,334

Helen Buck, Executive Director - Estate Agency

143,198

Jon Round, PDMR

42,959

Ronan Jennings, PDMR

48,448

 

The awards are nil-cost options that will normally become exercisable on 30th March 2020, subject to continuous employment and the following performance conditions:

Percentage of award subject to condition

Performance period

Performance measure

Threshold performance (no vesting below threshold)

Proportion vesting for threshold performance

Performance for maximum (100%) vesting

70%

3 years ending 31st December 2019

Adjusted Basic earnings per share ("EPS") growth

7.5% per annum

25%

12.5% per annum

30%

Total Shareholder Return ("TSR") ranked against a group compromising of selected companies operating in similar or related sectors.

Median

25%

Upper quartile

 

Vested awards normally remain exercisable until 10 years from their grant.

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

Ian Crabb

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

Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

193,794

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30th March 2017

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

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

Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

140,334

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30th March 2017

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

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

Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

143,198

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30th March 2017

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

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

Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

42,959

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30th March 2017

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

Ronan Jennings

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

Awards made pursuant to LSL Property Services plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

48,448

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction.

e)

Date of the transaction

30th March 2017

f)

Place of the transaction

Outside a trading venue

 

For further information, please contact:
Sapna B FitzGerald, Company Secretary
01904 698 850


This information is provided by RNS
The company news service from the London Stock Exchange
 
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