Director/PDMR Shareholding

RNS Number : 7131L

British Land Co PLC

06 September 2012

 



The Company announces that on 5 September 2012 it received notification from the Trustees of The British Land Share Ownership Plan (the "Trust") that, on 5 September 2012, the Long-Term Incentive Plan ("LTIP") Awards granted to Chris Grigg, Lucinda Bell and Tim Roberts, Directors of the Company, and to Anthony Braine, Benjamin Grose, Jean-Marc Vandevivere, Nigel Webb and Simon Carter, Persons Discharging Managerial Responsibilities ("PDMRs"), on 29 June 2009, vested on full satisfaction of the LTIP Performance Condition, as detailed in the table below:

	Vesting LTIP Awards
	Shares at nil consideration	Options at 387p per share
Directors
Chris Grigg	258,397	1,033,591
Lucinda Bell	8,397	50,387
Tim Roberts		826,873
PDMRs
Anthony Braine		317,829
Simon Carter	5,329	21,317
Ben Grose		10,335
Jean-Marc Vandevivere		117,571
Nigel Webb		77,519

Following the vesting, on 5 September 2012, Chris Grigg sold 134,722 shares and Simon Carter sold 2,781 shares, all at a price of 529p per share, to cover their respective tax liabilities; Chris Grigg transferred his remaining shares to his wife. Lucinda Bell transferred her shares to her husband. Also on 5 September 2012 Ben Grose and Anthony Braine exercised all the options vesting above and sold the resultant shares, at 529p per share.

On 6 September 2012 Tim Roberts exercised 400,000 of the options vesting above and sold the resultant shares, at 539p per share.

The Company also announces that on 5 September 2012 it received notification from the Trustees of the Trust that, on 5 September 2012, the Trust released shares pursuant to Awards made under the Fund Manager's Performance Plan ("FMPP") to Ben Grose and Nigel Webb, both PDMRs, as detailed in the table below:

	Date of Grant	Shares Vesting at nil consideration
Ben Grose	17 June 2009	20,059
	28 May 2010	36,782
Nigel Webb	28 May 2010	32,184
	21 June 2011	26,121

Following the vesting, on 5 September 2012, Ben Grose and Nigel Webb sold their newly-vested FMPP shares, all at a price of 529p per share.

The Company also announces that on 5 September 2012 Nigel Webb, a PDMR, sold 10,778 shares held in his own name, all at a price of 526p per share.

 

END

 

 

RDSQQLFBLKFBBBX