British Land Co PLC
16 July 2007
The Company announces that it received notification today from the Trustees of
The British Land Share Ownership Plan (the 'Trust') that on 16th July 2007 the
Trust released 229,942 ordinary 25p shares of the Company to participants in the
Company's Fund Managers' Performance Plan (the 'Plan'), pursuant to an award
made on 14th July 2006, which vested today in accordance with the Plan's rules
The Trust is a discretionary Trust established for the benefit of employees,
including Executive Directors and Persons Discharging Managerial
Responsibilities of the Company, to facilitate the operation of its share
incentive schemes. Executive Directors and Persons Discharging Managerial
Responsibilities of the Company who are participants in these schemes are
consequently considered to be interested in the shares held by the Trust, as
discretionary beneficiaries.
The Trust also notified the Company today, of the above shares released by the
Trust, 56,976 were released to Andrew Jones, an Executive Director and 51,278 to
Valentine Beresford, a Person Discharging Managerial Responsibilities.
Following this vesting Andrew Jones sold 23,361 shares and Valentine Beresford
sold 51,278 shares, both sales at an average price of 1,366.5673 pence per share
The Company also received notification on 16th July 2007 that Tony Braine, a
Person Discharging Managerial Responsibilities of the Company, sold 10,000
shares on 13th July 2007, at a price of 1,381 pence per share.
16th July 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
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