Director/PDMR Shareholding

RNS Number : 4726B

British Land Co PLC

15 August 2008

 



British Land Co PLC

15 August 2008

The Company announces that it received notification today that, on 14th August 2008, directors and PDMR's were conditionally awarded rights, at nil consideration, to receive Ordinary Shares of 25p each, at a share price of £7.481 per share, under the Company's Fund Managers Performance Plan ('FMPP'), as detailed below.  

This award will conditionally vest, subject to any 'claw-back' and subject to continued employment, in three equal tranches on the first, second and third anniversaries of grant.  

 In accordance with the rules of the Company's Fund Managers Performance Plan, rights awarded to certain directors and PDMR's over Performance Shares and options over ordinary shares (awarded on 27 June 2007 and 20 December 2007) at exercise prices of 1327p and 883p per share respectively under the Company's Long Term Incentive Plan ('LTIP'), lapsed on 14th August 2008, as detailed below.

		Lapse 27 06 2007 LTIP award		Lapse 20 12 2007 LTIP award
	Shares awarded under FMPP on 14 08 2008	Performance  shares	Options	Performance shares	Options
Director
Andrew Jones	20,722	10,953	-	2,743	10,974
Tim Roberts	85,550	15,825	63,300	7,928	31,710
PDMR
Valentine Beresford	5,180	1,826	7,303	-	-
Peter Clarke	7,485	2,638	10,551	-	-
Nigel Webb	42,775	18,809	-	-	-

 

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