RNS Number : 5257P
LSL Property Services PLC
22 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 20 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 17 May 2024, following the exercise by Paul of options received in 2021 pursuant to LSL's Long Term Incentive Plan (LTIP). The details of the exercise are set out in the table below.

2021 LTIP:

The 2021 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 7 May 2024.

Paul exercised his 2021 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 exercise, 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 17 May 2024

LTIP 2021: 4,660

 

2,1971

56,2772

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

 

Identification code

Ordinary shares of 0.2p each in LSL Property Services plc

 

GB00B1G5HX72

b)

Nature of transaction

Shares acquired by exercising nil-cost options received pursuant to LSL Property Services plc's  2021 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

4,660

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable

e)

Date of the transaction

17 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 2021 LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.05

2,197

d)

Aggregated information

-       Aggregated volume

Price

Not applicable

e)

Date of the transaction

17 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

 

Identification code

Ordinary shares of 0.2p each in LSL Property Services plc

 

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 2021 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

2,463

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable

e)

Date of the transaction

17 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFFEEAIFFIS
Lsl Property Services (LSE:LSL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Lsl Property Services
Lsl Property Services (LSE:LSL)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Lsl Property Services