Director/PDMR Shareholding

RNS Number : 7291J

British Land Co PLC

08 December 2008

 



The Company announces that it received notification from the Trustees of The British Land Share Ownership Plan (the 'Trust') that on 05 December 2008 the Trust released 112,158 ordinary 25p shares of the Company and 256,069 options at 994p per share, exercisable between 5 December 2008 and 4th December 2015, to participants in the Company's Long-Term Incentive Plan (the 'Plan'), pursuant to an award made on 05 December 2005, which 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 that, of the above shares and options released by the Trust, some were released to Executive Directors and Persons Discharging Managerial Responsibilities of the Company as shown in the table below. 

	Shares at nil consideration	Options at 994p per share
Director
Andrew Jones	904	5431
Tim Roberts	4828	14,486
PDMR
Valentine Beresford	784	4706
Tony Braine	5975	8963
Peter Clarke	6236	9356
Nigel Webb	5231	7846

Following this vesting, on 05 December 2008, Andrew Jones sold 372 shares, Tim Roberts sold 1,987 shares, Valentine Beresford sold 323 shares, Peter Clarke sold 2,566 shares, Nigel Webb sold 2,153 shares and Tony Braine sold 2,459 shares all at a price of 514.1897p per share. 

8 December 2008

 

END

 

 

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