Director/PDMR Shareholding

RNS Number : 3743S

British Land Co PLC

15 May 2009

 



REVISED DATES  - Notification of monthly investment and 'Dividend' Share Purchase 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 15th May 2009 that they purchased on 14th May 2009 a total of 16,578 ordinary 25p shares at a price of £3.92507 per share under the 'Partnership' and 'Matching' element of the Company's SIP and on 15th May 2009 a total of 12,475 ordinary 25p shares at a price of £3.923423 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. The SIP 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. 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	Number of Dividend Shares acquired under the SIP
Directors
G C Roberts	32	64	112
T A Roberts	32	64	112
A M Jones	32	64	51
Persons Discharging Managerial Responsibilities
P C Clarke	32	64	112
A Braine	32	64	112
V T Beresford	32	64	51
N M Webb	32	64	112

15th May 2009.

 

END

 

 

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