Director/PDMR Shareholding
LSL Property Services plc announced that on May 1, 2026, Saad Hassanuddin, Chief Risk Officer and a person discharging managerial responsibilities, was awarded 33,099 nil-cost ordinary share options under the 2026 Long Term Incentive Plan. These options are exercisable from May 1, 2029, contingent on continuous employment and performance conditions related to adjusted basic earnings per share in 2028 and total shareholder return relative to the FTSE Small Cap Index over a three-year period ending December 31, 2028.
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On 1 May 2026, the Company granted share-based awards under the LSL Property Services plc Long Term Incentive Plan for 2026, including the following award to a person discharging managerial responsibilities:
| Name of Director/PDMR | Number of LSL Property Services plc ordinary shares of 0.2p each awarded |
|---|---|
| Saad Hassanuddin, Chief Risk Officer (PDMR) | 33,099 |
The LTIP awards are nil-cost options that will normally become exercisable on 1 May 2029, subject to continuous employment and satisfaction of the performance conditions detailed in the table below.
| Percentage of award subject to condition | Performance period | Performance measure | Threshold performance (no vesting below threshold) | Proportion vesting for threshold performance | Performance for maximum (100%) vesting |
|---|---|---|---|---|---|
| 60% | 3 years ending 31 December 2028 | Adjusted basic earnings per share ("EPS") in 2028 | 32 pence | 25% | 36 pence |
| 40% | Total Shareholder Return ("TSR") over a three year period ranked against the FTSE Small Cap Index, excluding investment trusts and the Company | Median | 25% | Upper quartile |
All vested awards normally remain exercisable until 10 years from their grant.
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | |
| a) | Name | Saad Hassanuddin |
| 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 | Nil-cost option award made pursuant to LSL's LTIP 2026. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 33,099 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction. |
| e) | Date of the transaction | 1 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.