NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
1) Name of the issuer
British Assets Trust plc
2) State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act 2006.
(ii) above
3) Name of person discharging managerial responsibilities/director
Lynn Christine Ruddick
4) State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
As above
5) Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Beneficial and Non-Beneficial Interest
6) Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares
7) Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
State Street Nominees Limited - 41,676
Ian David Dewar - 27,000
Lynn Dewar - 9,450
8)State the nature of the transaction
Monthly investment in savings plan
9) Number of shares, debentures or financial instruments relating to shares acquired
36
10) Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.00001%
11) Number of shares, debentures or financial instruments relating to shares disposed
N/A
12) Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13) Price per share or value of transaction
£1.39
14) Date and place of transaction
8 December 2014
15) Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Non-Beneficial - 5,913 (0.002%)
Beneficial - 72,213 (0.025%)
16) Date issuer informed of transaction
8 December 2014
If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes
17) Date of grant
N/A
18) Period during which or date on which exercisable
N/A
19) Total amount paid (if any) for grant of the option
N/A
20) Description of shares or debentures involved (class and number)
N/A
21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A
22) Total number of shares or debentures over which options held following notification
N/A
23) Any additional information
None
24) Name of contact and telephone number for queries
Mr G Hay Smith
020 7628 8000
25) Name of authorised official of issuer responsible for making notification
Mr G Hay Smith
For and on behalf of F&C Investment Business Limited, Secretary
26) Date of Notification
9 December 2014