Director/PDMR Shareholding

RNS Number : 0852M

British Land Co PLC

18 May 2010

 



Notification of monthly investment and dividend re-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 17th May 2010 that they purchased on 14th May 2010 a total of 16,242 ordinary 25p shares at a price of £4.305492 per share under the 'Partnership' and 'Matching' element of the Company's SIP and a total of 15,030 ordinary 25p shares at a price of £4.305492 per share under the 'Dividend' 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. Net dividends paid on the 'Free', 'Partnership', 'Matching' and 'Dividend' shares held by the Trustees on behalf of eligible participating employees, are used to purchase further 'Dividend' shares for each eligible participating employee. 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	Number of Matching Shares acquired	Number of Dividend Shares acquired
Directors
G C Roberts	29	58	119
T A Roberts	29	58	119
Persons Discharging Managerial Responsibilities
P C Clarke	29	58	137
A Braine	29	58	137
N M Webb	29	58	119

17th May 2010.

 

END

 

 

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