Director/PDMR Shareholding

RNS Number : 5483J

British Land Co PLC

31 March 2010

 



The British Land Company PLC ("the Company") announces that on 30 March 2010, it made a conditional Award of 53,517 ordinary shares of 25p to Charles Maudsley, under the Company's Charles Maudsley 2010 Co-Investment Share Plan ("the Plan"). 

The Award of shares will vest, without payment, on 1 February 2013 (the third anniversary of the commencement of Mr. Maudsley's employment with the Company), subject to satisfying the conditions of the Plan.  These include achievement of performance targets measured against Net Asset Value per share growth and Total Return; Mr. Maudsley remaining in service with the Company and him retaining his 53,517 shares, acquired on 6 January 2010, until the vesting date.

The Company also announces that on 30 March 2010, it made a conditional award of 170,002 ordinary shares of 25p each to Mr. Maudsley under the Company's Charles Maudsley 2010 Restricted Share Plan.  The award was made as compensation for deferred share and cash entitlements that Mr. Maudsley forfeited when leaving his previous employment in order to join the Company. 

116,877 of the shares will vest on 1 February 2011 and the remainder will vest on 1 February 2012, all without payment, subject to satisfying the conditions of the Plan, which includes remaining in employment until the vesting date.

 

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