Director/PDMR Shareholding

RNS Number : 5653G
British Land Co PLC
08 August 2016
 

Long-Term Incentive Plan ("LTIP") Vesting

The British Land Company PLC (the "Company") announces that, on 05 August 2016, the LTIP awards granted to Executive Directors and persons discharging managerial responsibilities ("PDMRs") of the Company on 05 August 2013 vested at 56.3% on partial satisfaction of the total property return and total accounting return performance conditions attached to the awards.

On vesting LTIP Performance Shares were released and LTIP Options became available to exercise in accordance with the LTIP rules, as detailed below:


Vesting LTIP awards


Performance Shares at nil consideration

Options at 601 pence

Executive Directors

Chris Grigg

149,882

-

Lucinda Bell

65,339

87,119

Charles Maudsley

79,625

-

Tim Roberts

79,625

-

PDMRs

Sally Jones

2,852

-

Darren Richards

3,588

14,355

Joff Sharpe

17,915

71,662

Nigel Webb

35,971

-

Following the vesting Chris Grigg sold 70,586 shares, Lucinda Bell sold 30,772 shares, Charles Maudsley sold 37,499 shares, Tim Roberts sold 37,499 shares, Sally Jones sold 1,345 shares, Joff Sharpe sold 8,438 shares and Nigel Webb sold 16,941 shares to cover their respective tax liabilities and Darren Richards sold all his newly vested shares. These sales took place at a price of 665.8 pence per share. Tim Roberts transferred his remaining 42,126 shares to his wife, Sarah Roberts, and Nigel Webb transferred his remaining 19,030 shares to his wife, Philippa Webb.

The above transactions took place in London and the Company was notified on 05 August 2016.

Share Incentive Plan ("SIP") Dividend Share Purchase

The Company also announces that it has been notified by Equiniti Share Plan Trustees Limited, trustees of the British Land SIP, of the purchase on 05 August 2016 of Dividend Shares at a price of 666.5 pence per share on behalf of the Company's Executive Directors and PDMRs.

Details of the Dividend Shares purchased, following the payment of the Fourth Interim Dividend for 2015/16, are outlined below:


SIP Dividend Shares purchased at 666.5 pence

Executive Directors

Chris Grigg

86

Lucinda Bell

191

Charles Maudsley

64

Tim Roberts

178

PDMRs

Sally Jones

61

Darren Richards

69

Joff Sharpe

20

Nigel Webb

72

 

The above transactions took place in London and the Company was notified on 08 August 2016.

Transfer of Shares

The Company also announces that on 05 August 2016 Tim Roberts, an Executive Director of the Company, transferred 14,633 ordinary shares of 25 pence each in the Company ("Shares") to his wife, Sarah Roberts and that on 08 August 2016 Nigel Webb, a PDMR of the Company, transferred 6,882 Shares to his wife, Philippa Webb.                          

The Company was notified of the above transfers on 05 August 2016 and 08 August 2016 respectively.

 


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

 

Enquiries:


Camilla Wiseman

Company Secretariat, British Land   

020 7486 4466

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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