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LSL Chief sells four million shares ahead of role change

Date: Thursday 05 Sep 2013

LSL Chief sells four million shares ahead of role change

Simon Embley, the out-going Chief Executive of LSL Property, announced plans to sell just short of 20m pounds-worth of shares in the residential property services provider.

Embley, who is changing roles within the company to Deputy Chairman on September 9th, traded in a total of 4.16m shares at an average price of 462.65p each.

Sales were also made by Steve Cooke, the company's Finance Director, and David Newnes, an Executive Director, who sold 70,764 and 2,164,502 shares, respectively, at the same average price.

The total of 6.4m shares represents approximately 6.14% of the issued share capital.

Following the sale, Simon Embley retains an interest of 5.89m shares, Steve Cooke an interest of 40,000 shares, and David Newnes 3.4m.


Top Director Buys

Thomas Cook Group (TCG)
Director name: Mr Michael Healy
Amount purchased: 18,248 @ 137.00p
Value: £25,000

Sierra Rutile Ltd (SRX)
Director name: Mr Jan Alex Castro
Amount purchased: 30,000 @ 54.00p
Value: £16,200


Top Director Sells

LSL Property Services (LSL)
Director name: Mr Simon Embley
Amount sold: 4,164,502 @ 462.65p
Value: £19,267,069

LSL Property Services (LSL)
Director name: Mr David Newnes
Amount sold: 2,164,502 @ 462.65p
Value: £10,014,069

LSL Property Services (LSL)
Director name: Mr Steve Cooke
Amount sold: 70,764 @ 462.65p
Value: £327,390

Delcam (DLC)
Director name: Mr Edward B Lambourne
Amount sold: 575,000 @ 1,650.00p
Value: £9,487,500

Bankers Petroleum Ltd.(CDI) (BNK)
Director name: Mr Robert M D Cross
Amount sold: 750,000 @ 216.50p
Value: £1,623,750

Consort Medical (CSRT)
Director name: Mr Jonathan Glenn
Amount sold: 68,090 @ 833.00p
Value: £567,190

Frenkel Topping Group (FEN)
Director name: Mr Richard Fraser
Amount sold: 1,100,000 @ 26.00p
Value: £286,000

Delcam (DLC)
Director name: Mr Clive Martel
Amount sold: 13,333 @ 1,650.00p
Value: £219,994

PayPoint (PAY)
Director name: Mr Steve Rowley
Amount sold: 16,116 @ 1,085.60p
Value: £174,955

Consort Medical (CSRT)
Director name: Mr J A D Slater
Amount sold: 17,822 @ 833.00p
Value: £148,457

NR

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