Director/PDMR Shareholding

RNS Number : 3185C

British Land Co PLC

15 January 2015

 



Long-Term Incentive Plan ('LTIP')

LTIP - Option Exercises

The British Land Company PLC (the 'Company') announces that on 14 January 2015 the Executive Directors listed below exercised options that had been awarded under the Company's LTIP:

Executive Directors	Date of Grant	Options	Option Price (p)
Tim Roberts	31.05.05	13,210	726.66
	28.06.11	295,652	575.00
Lucinda Bell	31.05.05	14,036	726.66

Following the exercises, the Executive Directors sold the acquired shares at a price of 784.2476 pence per share.

LTIP - Vesting of Awards

In addition, the Company was notified by the trustees of the British Land Share Ownership Plan that on 14 January 2015 the LTIP Awards granted on 19 December 2011 to the Persons Discharging Managerial Responsibilities ('PDMRs') listed below had vested upon full satisfaction of the performance conditions:

PDMRs	Shares at nil consideration	Options at 451 pence per share
Simon Carter	3,325	13,303
Darren Richards	1,496	5,986

Following the vesting, both PDMRs sold all of their newly vested shares at a price of 790 pence per share.

Share Sales

The Company further announces that Lucinda Bell and Darren Richards sold 55,000 and 4,382 ordinary shares respectively on 14 January 2015 at a price of 784.2476 pence per share.

British Land Share Incentive Plan

Equiniti Share Plan Trustees Limited, trustees of the British Land Share Incentive Plan, notified the Company on 15 January 2015 that on 14 January 2015 they acquired Partnership Shares on behalf of the Company's Executive Directors and PDMRs at a price of 788 pence per share.

Details of the Partnership Shares purchased and the Matching Shares awarded are outlined below:

	Partnership Shares	Matching Shares
Directors
Chris Grigg	16	32
Lucinda Bell	19	38
Charles Maudsley	16	32
Tim Roberts	19	38
PDMRs
Simon Carter	19	38
Victoria Penrice	19	38
Darren Richards	16	32
Joff Sharpe	16	32
Jean-Marc Vandevivere	19	38
Nigel Webb	19	38

Non-Executive Directors' fees

The Company also announces that the Non-Executive Directors listed below were allotted shares of 25 pence each in the Company at a price of 768.148 pence per share on 14 January 2015:

Non-Executive Directors	Shares
Lord Turnbull	326
William Jackson	614
Tim Score	1,532

The shares allotted to Lord Turnbull and William Jackson were pursuant to their standing instructions to receive shares as part satisfaction of their Non-Executive Directors' fees. The shares allotted to Tim Score were pursuant to his standing instruction to receive shares as full satisfaction of his Non-Executive Director's fee.

All of the transactions referred to above took place in London and, except where indicated, the Company was notified on 14 January 2015.

This notification is made in accordance with the requirements of DTR 3.1.4 R.

 

END

 

 

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