Director/PDMR Shareholding

RNS Number : 9816O

British Land Co PLC

13 October 2021

 

Director/PDMR Shareholding

The British Land Company PLC (the "Company") announces that on 11 October 2021, Bhavesh Mistry, Chief Financial Officer, exercised 60,944 nil cost options over ordinary shares of 25p each in the Company. Bhavesh subsequently sold 28,702 shares to settle tax and national insurance contributions and dealing fees arising from the exercise and retained the balance of 32,242 shares which he must continue to hold for at least two years in accordance with the terms of the grant.

The options were granted to Bhavesh on 19 July 2021 under the Company's Long Term Incentive Plan in order to replace awards that he forfeited in order to join the Company, as previously disclosed on 21 July 2021.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation. 

Enquiries:
Company Secretariat British Land	020 7486 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 the financial instrument, type of instrument Identification code	Ordinary shares of 25 pence each ISIN: GB0001367019
b)	Nature of the transaction	Exercise of options and subsequent sale
c)	Price(s) and volume(s)	Nature of Transaction Price(s) Volume(s) Option Exercise Sale n/a 487.7p 60,944 28,702
d)	Aggregated information -  Aggregated volume -  Price	N/A N/A
e)	Date of the transaction	11 October 2021
f)	Place of the transaction	London Stock Exchange (XLON)

 

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