PDMR
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All Employee Share Scheme - Share Incentive Plan (SIP) Purchase.
In accordance with DTR 3, LSL was notified on 8th April 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 April 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 4,645 Partnership Shares on 5th April 2024 at a price of £2.66 per Ordinary Share and total cost of £12,372.06. 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 April 2024 the SIP Trustees also allocated a total of 919 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 5 th April 2024. | ||||
| David Stewart, Group CEO | 56 | 11 | 78,609 | ||||
| Adam Castleton, Group CFO | 56 | 11 | 130,390 | ||||
| Paul Hardy, PDMR | 56 | 11 | 22,015 | ||||
| 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 | |||||
| a) | Name | LSL Property Services plc | |||||
| b) | LEI | 213800T4VM5VR3C7S706 | |||||
| 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) |
Nil 11 | |||||
| d) | Aggregated information - Aggregated volume - Price | Price Aggregate Volume £2.223 67 | |||||
| e) | Date of the transaction | 5 th April 2024 | |||||
| f) | Place of the transaction | London Stock Exchange | |||||
| 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 | |||||
| a) | Name | LSL Property Services plc | |||||
| b) | LEI | 213800T4VM5VR3C7S706 | |||||
| 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) |
Nil 11 | |||||
| d) | Aggregated information - Aggregated volume - Price | Price Aggregate Volume £2.223 67 | |||||
| e) | Date of the transaction | 5 th April 2024 | |||||
| f) | Place of the transaction | London Stock Exchange | |||||
| 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 | |||||
| a) | Name | LSL Property Services plc | |||||
| b) | LEI | 213800T4VM5VR3C7S706 | |||||
| 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) |
Nil 11 | |||||
| d) | Aggregated information - Aggregated volume - Price | Price Aggregate Volume £2.223 67 | |||||
| e) | Date of the transaction | 5 th April 2024 | |||||
| f) | Place of the transaction | London Stock Exchange |
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