LSL offers directors £1.64m incentive

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LSL Property Services has awarded nine of its senior directors shares potentially worth more than £1.6m if they meet ambitious growth targets in the next three years.

The directors will be able to capitalise on the share options as long as the share price for the group has hit at least £3.20 per share and they have met set performance targets by 31 March 2014. Staff awarded the shares include group chief executive officer Simon Embley, who has received 203,665 shares, worth potentially £651,728 if the share price reaches the £3.20 mark. LSL shares currently trade at £2.50. The two performance targets employees have to achieve are: the growth in total shareholder return must be higher than the growth in its benchmark of the FTSE 250 and earnings ...

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