Director/PDMR Shareholding

RNS Number : 2439H

British Land Co PLC

16 February 2010

 



Notification of monthly 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 16th February 2010 that they purchased on 15th February 2010 a total of 15,297 ordinary 25p shares at a price of £4.454671 per share under the 'Partnership' and 'Matching' element of the Company's SIP.

The Trustees also notified the company on 15^th February 2010 that they purchased on 12th February 2010 a total of 10,594 ordinary 25p shares at a price of £4.442598 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 SIP shares held by the Trustees on behalf of eligible participating employees, are used to purchase '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 under the SIP	Number of Matching Shares acquired under the SIP	Number of Dividend Shares acquired under the SIP
Directors
G C Roberts	28	56	59
T A Roberts	28	56	59
Persons Discharging Managerial Responsibilities
P C Clarke	28	56	27
A Braine	28	56	27
N M Webb	28	56	59

Enhanced Scrip Dividend Scheme

In accordance with the terms and conditions of the Enhanced Scrip Dividend Scheme, which was applied to the Company's Second Interim Dividend, C Grigg (Director) and N M Webb (PDMR) received 3,734 and 41 shares respectively on 12 February 2010.

 

END

 

 

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