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.
, 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.
DSHFLFIELALILII
(END) Dow Jones Newswires
November 10, 2020 10:11 ET (15:11 GMT)
Lsl Property Services (LSE:LSL)
Historical Stock Chart
From Apr 2024 to May 2024
Lsl Property Services (LSE:LSL)
Historical Stock Chart
From May 2023 to May 2024