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On 1 May 2026, LSL Property Services plc granted nil-cost option share-based awards under its 2026 Long Term Incentive Plan. Saad Hassanuddin, Chief Risk Officer (PDMR), received an award of 33,099 ordinary shares. These awards are subject to performance conditions and continuous employment, becoming exercisable on 1 May 2029.
| Date | 6 May 2026 |
| Time | 16:34:55 |
| Category | Director/PDMR dealings |
| ID | 2997D |
LSL Property Services plc ("LSL")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") OR CONNECTED PERSONS
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.
For further information, please contact:
Debbie Fish, Group Company Secretary
Tel: 07483 147659
[email protected]
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 |
|
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|
a) |
Name |
Saad Hassanuddin |
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|
2 |
Reason for notification |
|
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|
a) |
Position/Status |
PDMR |
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|
b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor |
|
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|
a) |
Name |
LSL Property Services plc |
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|
b) |
LEI |
213800T4VM5VR3C7S706 |
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|
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. |
|
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.2p each in LSL Property Services plc GB00B1G5HX72 |
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|
b) |
Nature of transaction |
Nil-cost option award made pursuant to LSL's LTIP 2026. |
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|
c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction. |
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|
e) |
Date of the transaction |
1 May 2026 |
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|
f) |
Place of the transaction |
Outside a trading venue |