Last checked at 22 May 2024 16:31
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) |
| ||||
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) |
| ||||
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) |
| ||||
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