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LSL PROPERTY SERVICES PLC Director's Dealing 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 0447G
LSL Property Services PLC
07 March 2024
LSL Property Services plc (LSL)
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility (PDMRs) or Connected Persons.
All Employee Share Scheme - Share Incentive Plan (SIP) Purchase.
In accordance with DTR 3, LSL was notified on 6th March 2024 that the following transactions, which relate to LSL's Directors and PDMRs, took place in relation to LSL's Share Incentive Plan (SIP) on 5th March 2024.
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 5,458 Partnership Shares on 5th March 2024 at a price of £2.39 per Ordinary Share and total cost of £13,099.20. 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 5th March 2024 the SIP Trustees also allocated a total of 1,082 Matching Shares. The number of Matching Shares granted by the SIP Trustees to the Directors/PDMRs at nil cost is 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 5th March 2024. |
| David Stewart, Group CEO | 63 | 13 | 78,542 |
| Adam Castleton, Group CFO | 63 | 12 | 130,323 |
| Andy Deeks, PDMR |
63 | 13 | 2,218 |
| Paul Hardy, PDMR | 62 | 12 | 21,948 |
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
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) |
| £2.39 | 63 |
| Nil | 13 |
d)
Aggregated information
- Aggregated volume
- Price
| Price | Aggregate Volume |
| £1.981 | 76 |
e)
Date of the transaction
5th March 2024
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) |
| £2.39 | 63 |
| Nil | 12 |
d)
Aggregated information
- Aggregated volume
- Price
| Price | Aggregate Volume |
| £2.008 | 75 |
e)
Date of the transaction
5th March 2024
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
Andy Deeks
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) |
| £2.39 | 63 |
| Nil | 13 |
d)
Aggregated information
- Aggregated volume
- Price
| Price | Aggregate Volume |
| £1.981 | 76 |
e)
Date of the transaction
5th March 2024
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
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
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) |
| £2.39 | 62 |
| Nil | 12 |
d)
Aggregated information
- Aggregated volume
- Price
| Price | Aggregate Volume |
| £2.002 | 74 |
e)
Date of the transaction
5th March 2024
f)
Place of the transaction
London Stock Exchange
For further information, please contact:
Sapna B FitzGerald, Company Secretary
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