Director/PDMR Shareholding

RNS Number : 5682D

British Land Co PLC

16 September 2008

 



Notification of monthly investment in the British Land Share Incentive Plan ('SIP')

Equiniti Share Plan Trustees Limited (the 'Trustees'), Trustees of the British Land SIP, notified the Company on 16th September 2008 that they purchased on 15th September 2008 a total of 8,550 ordinary 25p shares at a price of £7.626261 per share under the 'Partnership' and 'Matching' element of the Company's SIP. Under the terms of the SIP each eligible participating employee can contribute from monthly salary to purchase 'Partnership Shares', and the Company matches this by awarding two 'Matching Shares' for every one 'Partnership Share' purchased by participating employees. The SIP has been approved by the Inland Revenue as a share incentive plan under Schedule 8 of the Finance Act 2000.

As participants in the SIP the executive directors and the persons discharging managerial responsibilities named below are deemed to have an interest in the shares held by the Trustees.  

The Company also received notification from the Trustees, that of the above shares acquired by the Trustees, the shares purchased on behalf of the Company's executive directors and persons discharging managerial responsibilities were as follows:

	Number of Partnership Shares acquired under the SIP	Number of Matching Shares acquired under the SIP
Directors
S A M Hester	16	32
G C Roberts	16	32
T A Roberts	16	32
A M Jones	17	34
Persons Discharging Managerial Responsibilities
P C Clarke	16	32
A Braine	16	32
V T Beresford	17	34
N M Webb	16	32

16th September 2008.

 

END

 

 

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