11th Aug 2009 16:20
Notification of Dealings
11th August 2009
Director/PDMR Shareholding
RNS Number:
LSL Property Services
11th August 2009 LSL PROPERTY SERVICES PLC
AWARD OF OPTIONS UNDER EMPLOYEE BENEFIT ARRANGEMENTSANDNOTIFICATION OF DEALINGS BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
LSL Property Services plc (the "Company"), announces earlier today, Simon Embley, Dean Fielding, Paul Latham, David Newnes and Andrew Mohun-Smith (the "MBO management team") awarded nil cost options over 197,805 ordinary shares in the capital of the Company to certain employees of the Company and its subsidiaries (the "Group") under the Employee Benefit Arrangements described in the prospectus dated 16 November 2006. The grants reward those employees whom the MBO management team feel should be recognised for their work for the Group from the time of the Company's management buy-out through to its listing on the Official List of the Financial Services Authority and beyond. 105,062 of the options were in March 2007 (see RNS dated 8th March 2009).
On 11th August 2009, Simon Embley, Dean Fielding, Paul Latham and David Newnes notified the Company in accordance with the Disclosure and Transparency Rules that they have granted the remaining 92,743 options, and that these options have today been exercised.
As a result of the awards mentioned above Simon Embley, Dean Fielding, Paul Latham, David Newnes and Alison Traversoni, Directors and/or Persons Discharging Managerial Responsibility ("PDMR") have disposed of or acquired ordinary shares in the capital of LSL Property Services plc for no consideration and reduced/increased their interest in the Company as detailed below.
|
Director/PDMR |
Shareholding Prior to Award |
Total % |
Number of shares disposed/received |
Shareholding After the Award |
Total % |
|
Simon Embley |
9,957,074 |
9.56% |
26,574 |
9,930,500 |
9.53% |
|
Dean Fielding |
6,111,876 |
5.87% |
11,876 |
6,100,000 |
5.86% |
|
Paul Latham |
6,909,167 |
6.63% |
15,417 |
6,873,750 |
6.60% |
|
David Newnes |
5,581,171 |
5.36% |
11,921 |
5,569,250 |
5.35% |
|
Alison Traversoni |
560,580 |
0.54% |
46,372 |
606,952 |
0.58% |
Alison Traversoni's holding includes shares acquired under LSL's Share Incentive Plan, which is an all employee trust arrangement approved by HM Revenue and Customs.
For further information please contact: Sapna B. FitzGerald, Company Secretary: 01904 715315
Related Shares:
Lsl Prop