Director/PDMR Shareholding

RNS Number : 0309Y

British Land Co PLC

15 December 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 15 December 2010 that they purchased on 14 December 2010 a total of 13,683 ordinary 25p shares at a price of £5.09 per share under the 'Partnership' and 'Matching' 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 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
Directors
G C Roberts	25	50
T A Roberts	25	50
Persons Discharging Managerial Responsibilities
L M Bell	25	50
A Braine	25	50
B T Grose	24	48
N M Webb	25	50

15 December 2010

 

END

 

 

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