Director/PDMR Shareholding

RNS Number : 6768K

British Land Co PLC

03 September 2021

 

Long-Term Incentive Plan ('LTIP') Grant

The British Land Company PLC (the 'Company') announces that on 1 September 2021 a conditional award of 41,294 of the Company's ordinary shares of 25 pence each ('Performance Shares') was granted under the LTIP to David Walker.

The Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions.  Those conditions are based 40% on Total Property Return, 20% on Total Accounting Return and 40% on Total Shareholder Return (20% against a FTSE100 comparator group and 20% against a FTSE350 property comparator group).

This transaction took place outside of a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Walker
2	Reason for the notification
a)	Position/status	Executive Committee Member
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	Grant of conditional Performance Share Award under the Long-Term Incentive Plan
c)	Price(s) and volume(s)	Nil 41,294
d)	Aggregated information -  Aggregated volume -  Price	N/A (single transaction)
e)	Date of the transaction	2021-09-01
f)	Place of the transaction	Outside of a trading venue

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.  The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.

Enquiries
Company Secretariat	0207 486 4466

 

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