Director/PDMR Shareholding

RNS Number : 9946F

British Land Co PLC

21 July 2021

 

The British Land Company PLC (the 'Company')

Bhavesh Mistry - Replacement Share Awards  

Upon the commencement of employment of Bhavesh Mistry as Chief Financial Officer, the Company has granted on 19 July 2021 the following share awards to replace those awards that he forfeited to join British Land (the 'Awards'):

· A grant of 43,580 Ordinary Shares of 25p each of the Company was made at nil cost. These shares must be held by Bhavesh for a minimum of two years.

· Two separate grants in respect of 171,844 and 252,792 Ordinary Shares of 25p each of the Company were made under the Company's Long Term Incentive Plan. Grants in respect of 171,844 shares do not have performance conditions attached, replicating the terms of the awards previously held. Grants in respect of 252,792 shares are subject to the achievement of specified performance conditions.  Holding periods and malus and clawback provisions apply to each award.

Full details of the vesting dates and vesting conditions (including performance conditions, where applicable) attached to the Awards will be set out in the 2022 Directors Remuneration Report. Details required under the UK Market Abuse Regulation are contained within the tables below.

Enquiries
Company Secretariat	0207 486 4466

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bhavesh Mistry
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer; emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The British Land Company PLC
b)	LEI	RV5B68J2GV3QGMRPW209
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of financial instrument Identification code	Ordinary shares of 25 pence each GB0001367019
b)	Nature of the transaction	Receipt of shares for nil cost
c)	Price(s) and volume(s)	Nil 43,580
d)	Aggregated information -  Aggregated volume -  Price	43,580 Nil
e)	Date of the transaction
f)	Place of the transaction	London Stock Exchange (XLON) Main Market
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of financial instrument Identification code	Ordinary shares of 25 pence each GB0001367019
b)	Nature of the transaction	Grant of conditional awards under the Long Term Incentive Plan
c)	Price(s) and volume(s)	Nil 424,636
d)	Aggregated information -  Aggregated volume -  Price	424,636 Nil
e)	Date of the transaction
f)	Place of the transaction	Outside of a trading venue

 

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