LSL Property Services plc ("LSL")
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility ("PDMRs") or Connected Persons
In accordance with DTR 3, LSL was notified that Helen Buck (Executive Director, Estate Agency) acquired 0.2p ordinary shares in LSL on 27th May 2021 following the exercise of options received in 2018 pursuant to LSL's Long Term Incentive Plan (LTIP). The details of the exercise are set out in the table below.
The 2018 LTIP grants were by way of nil-cost options in respect of ordinary shares in LSL of 0.2p and were subject to performance conditions. The options became exercisable on 29th March 2021 and the shares acquired (net of tax) are subject to a two year holding period under LSL's Directors Remuneration Policy.
In accordance with DTR 3, LSL was notified that Helen Buck (Executive Director, Estate Agency) acquired 0.2p ordinary shares in LSL on 1st June 2021 following the exercise of options received in 2018 pursuant to LSL's 2018 save as you earn option scheme (SAYE). The details of the exercise are set out in the table below.
The 2018 SAYE is an all-employee scheme approved by HM Revenue and Customs. The 2018 SAYE exercise price for the options granted was £2.45 per ordinary share of 0.2p and the options became exercisable at the end of the three-year saving plan, on 1st June 2021.
Following the above transactions, Helen Buck's shareholding in LSL (including shares held in LSL's Share Incentive Plan) is set out below.
Details of Director or PDMR
Number of shares acquired
Total number of shares following transaction(s)
Helen Buck, Executive Director Estate Agency
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities/ person closely associated
Reason for notification
Executive Director - Estate Agency
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
LSL Property Services plc
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.
Description of the financial instrument, type of instrument
Ordinary shares of 0.2p each in LSL Property Services plc
Nature of transaction
Shares acquired by exercising options received pursuant to LSL Property Services plc Long Term Incentive Plan.
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
27th May 2021
Place of the transaction
Outside a trading venue
For further information, please contact:
Sapna B FitzGerald, Company Secretary