LSL PROPERTY SERVICES PLC — Director's Dealing 2018

Sep 6, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 9740Z

LSL Property Services

06 September 2018

LSL Property Services plc

"LSL"

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility (PDMRs) or Connected Persons

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014 and DTR 3, LSL was notified on 4th September 2018, that the following transactions which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan ("SIP") on 3rd September 2018.

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in LSL of 0.2p each ("Ordinary Shares"), using deductions from their salary in each monthly pay period ("Partnership Shares"), and receive allocations of matching free Ordinary Shares ("Matching Shares").

The SIP Trustees (Link Market Services Trustees Limited) acquired a total of 7,499 Partnership Shares on 3rd September 2018 at a price of £2.95 per Ordinary Share and total cost of £22,122.05. The Partnership Shares were acquired by purchase in the market and allocated to employees participating in the SIP, including the Directors/PDMRs detailed below.

On the 3rd September 2018, the SIP Trustees also allocated a total of 1,547 Matching Shares. The number of Matching Shares granted by the SIP Trustees to the Directors/PDMRs at nil cost are also set out in the table below:

Director/PDMR details	Number of Partnership Shares	Number of Matching Shares	Total shareholding post transaction (including shares held by the SIP on behalf of the director/PDMR) as at 3rd September 2018
Ian Crabb, Group CEO	51	11	59,402
Adam Castleton, Group CFO	51	11	1,873
Helen Buck, Executive Director, Estate Agency	51	11	935
Jon Round, PDMR	51	11	213,415

The notifications below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014, give further detail.

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

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.95	51
Nil	11

d)

Aggregated information

-      Aggregated volume

-      Price

Price	Aggregate Volume
£2.427	62

e)

Date of the transaction

3rd September 2018

f)

Place of the transaction

London Stock Exchange

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

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.95	51
Nil	11

d)

Aggregated information

-      Aggregated volume

-      Price

Price	Aggregate Volume
£2.427	62

e)

Date of the transaction

3rd September 2018

f)

Place of the transaction

London Stock Exchange

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

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.95	51
Nil	11

d)

Aggregated information

-      Aggregated volume

-      Price

Price	Aggregate Volume
£2.427	62

e)

Date of the transaction

3rd September 2018

f)

Place of the transaction

London Stock Exchange

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

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the LSL Property Services Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.95	51
Nil	11

d)

Aggregated information

-      Aggregated volume

-      Price

Price	Aggregate Volume
£2.427	62

e)

Date of the transaction

3rd September 2018

f)

Place of the transaction

London Stock Exchange

For further information, please contact:

Sapna B FitzGerald, Company Secretary

01904 698 850

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.

END

DSHGRGDCUSGBGIL