Director/PDMR Shareholding

RNS Number : 7838V

British Land Co PLC

02 June 2008

 



British Land Co PLC

02 June 2008

The Company announces that it received notification today from the Trustees

of The British Land Share Ownership Plan (the 'Trust') that on 2 June 2008 the

Trust released 218,794 ordinary 25p shares of the Company to participants in the

Company's Long-Term Incentive Plan (the 'Plan'), pursuant to an award made on

31 May 2005, which partially vested on attainment of the performance target.

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 yesterday that, of the above shares released

by the Trust, some were released to Executive Directors and Persons Discharging

Managerial Responsibility of the Company as shown in the table below. 232,163

options awarded on 31 May 2005 under this Plan also vested yesterday, on

partial attainment of the performance target, for Executive Directors and Persons

Discharging Managerial Responsibility as shown in the table below:

                    Shares at nil consideration             Options at 877p per share

Director

Stephen Hester                41,049                                 123,146

Graham Roberts                22,577                                  67,730

Tim Roberts                    7,298                                  10,946

PDMR

Tony Braine                    6,773                                  10,159

Peter Clarke                   7,070                                  10,604

Nigel Webb                     6,385                                   9,578

Following this vesting, on 2 June 2008, Stephen Hester sold 16,831 shares,

Graham Roberts sold 9,257 shares, Tim Roberts sold 2,993 shares, Tony Braine

sold 2,777 shares, Peter Clarke sold 2,899 shares and Nigel Webb sold 2,619 shares,

all at a price of 778p per share.

In accordance with the rules of the Company's Long Term Incentive Plan, rights awarded , on 31 May 2005, to Stephen Hester over 10,262 Performance Shares and options over 30,787 shares, Graham Roberts over 5,644 Performance Shares and options over 16,933 shares, Tim Roberts over 1,824 Performance Shares and options over 2,737 shares,  Tony Braine over 1,693 Performance Shares and options over 2,540 shares, Peter Clarke over 1,767 Performance Shares and options over 2,651 shares and Nigel Webb over 1,596 Performance Shares and options over 2,394 shares, lapsed on 2 June 2008.

 

END

 

 

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