Director/PDMR Shareholding

RNS Number : 2097G

British Land Co PLC

26 June 2012

 





SAYE Option Scheme Grant

The British Land Company PLC (the 'Company') announces the following grants of options over Ordinary Shares of 25p each, under its Save as you Earn Share Option Scheme ('SAYE'), to Directors and Persons Discharging Managerial Responsibilities ('PDMR') of the Company, as detailed below.

Name	Scheme Duration	Options Granted at 392p each
Lucinda Bell (Director)	3 years	2,295
Stephen Smith (Director)	5 years	3,826
Anthony Braine (PDMR)	3 years	2,295
Simon Carter (PDMR)	3 years	2,295
Benjamin Grose (PDMR)	3 years	2,295
Jean-Marc Vandevivere (PDMR)	3 years	2,295

The SAYE Scheme contracts start on 1 September 2012 with all options being granted on 26 June 2012 at an exercise price of 392p per share.

Permitted exercise periods are for a period of six months running from 1 September 2015 to 29 February 2016 for the 3 year scheme, and from 1 September 2017 to 28 February 2018 for the 5 year scheme.

The Company also announces that on 26 June 2012 it was notified that 3,261 of Jean-Marc Vandevivere's options over Ordinary Shares of 25p each, priced at 473p per share and granted on 1 July 2011 under the SAYE, lapsed.

 

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