Director/PDMR Shareholding
LSL Property Services plc announced that on May 28, 2026, David Tilak, Group Chief Financial Officer, was granted share-based awards under the 2025 Long Term Incentive Plan. This award is structured as a nil-cost option, vesting and exercisable on December 31, 2027, and December 31, 2029, contingent upon achieving specific compound annual growth in the company's share value. The number of shares awarded will be equivalent to 14% of the total vested pool available for distribution, determined by the share value growth from January 2025 to each vesting date.
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On 28 May 2026, the Company granted share-based awards ("Awards") under the LSL Property Services plc 2025 Long Term Incentive Plan (the "2025 LTIP") to the following 'persons discharging managerial responsibilities':
| PDMR | Individual allocation of the total 'pool' available for distribution pursuant to the 2025 LTIP |
| D avid Tilak | 1 4% |
The Award is granted in the form of a nil-cost option which will be capable of vesting on, and exercise following, each of 31 December 2027 and 31 December 2029, subject to the achievement on each such date of a minimum level of compound annual growth in the value of an ordinary share in the capital of the Company (a "Share") being achieved by the relevant vesting date.
The number of Shares over which the Award shall vest and become exercisable shall be such number of Shares as have a value, as at the relevant vesting date, which is equal to the relevant Award holder's individual allocation (as shown in the table above) of the total 'pool' which is available for distribution pursuant to the 2025 LTIP. The total 'pool' which is available for distribution shall be determined by reference to the extent of the compound annual growth in the value of a Share from January 2025 to the relevant vesting date.
For further details of the 2025 LTIP, including the compound annual growth in the value of a Share which is required to be achieved and the basis on which the total 'pool' available for distribution pursuant to the 2025 LTIP will be calculated, shareholders should review the detailed summary of the principal terms of the 2025 LTIP which can be found in Part III of the Notice of General Meeting which was circulated to shareholders on 9 May 2025.
| 1. | Details of the person discharging managerial responsibilities/ person closely associated | |
| a) | Name | David Tilak |
| 2. | Reason for the 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 | Ordinary shares of 0.2p each in LSL Property Services plc |
| Identification code | GB00B1G5HX72 | |
| b) | Nature of the transaction | Grant of an award over ordinary shares pursuant to the LSL Property Services plc 2025 Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil Such number of ordinary shares as have, at each relevant vesting date of the award, a value which is equal to 14% of the total vested 'pool' which is available for distribution pursuant to the 2025 LTIP. |
| d) | Aggregated information | Not applicable - single transaction |
| e) | Date of the transaction | 28 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.