Director/PDMR Shareholding

British Land Co PLC

27 June 2023

 

The British Land Company plc (the "Company")

Restricted Share Plan and Long-Term Incentive Plan Vesting

On 22 June 2023 conditional awards of Ordinary Shares of 25 pence each in the Company, that were granted on 22 June 2020 under the Company's Restricted Share Plan ("RSP") and Long-Term Incentive Plan ("LTIP"), vested. The awards granted under the RSP were not subject to performance conditions and vested in full. The awards granted under the LTIP vested at a rate of 11% following the partial satisfaction of performance conditions that were attached to them.

Subsequent sales that were made by Persons Discharging Managerial Responsibilities ("PDMRs") upon the awards' vesting are detailed below. The shares retained by Simon Carter must be held for at least two years in accordance with the terms of the grant that apply to Executive Directors. 

Name of PDMR	Number of shares that vested under the RSP	Number of shares that vested under the LTIP	Number of shares sold	Number of shares retained
Emma Cariaga	23,338	5,776	13,712	15,402
Simon Carter	-	30,009	14,133	15,876
Kelly Cleveland	14,548	-	6,852	7,696
David Lockyer	23,338	5,776	29,114	0
Roger Madelin	24,282	6,009	30,291	0
Brona McKeown	23,805	5,891	13,986	15,710
Darren Richards	32,647	8,080	19,181	21,546
David Walker	19,398	-	9,136	10,262
Nigel Webb	25,496	6,310	14,980	16,826

This disclosure is made in accordance with the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.    Emma Cariaga 2.    Simon Carter 3.    Kelly Cleveland 4.    David Lockyer 5.    Roger Madelin 6.    Brona McKeown 7.    Darren Richards 8.    David Walker 9.    Nigel Webb
2	Reason for the notification
a)	Position/status	1.    PDMR - Executive Committee member 2.    PDMR - Chief Executive Officer 3.    PDMR - Executive Committee member 4.    PDMR - Executive Committee member 5.    PDMR - Executive Committee member 6.    PDMR - Executive Committee member 7.    PDMR - Executive Committee member 8.    PDMR - Executive Committee member 9.    PDMR - 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	Sale of ordinary shares of 25 pence each upon the vesting of conditional share awards
c)	Price(s) and volume(s)	Price(s) (pence) Volume(s) 1.    311.5 2.    311.5 3.    311.5 4.    311.5 5.    311.5 6.    311.5 7.    311.5 8.    311.5 9.    311.5 1.    13,712 2.    14,133 3.    6,852 4.    29,114 5.    30,291 6.    13,986 7.    19,181 8.    9,136 9.    14,980
d)	Aggregated information -      Aggregated volume -      Price	N/A (single transaction)
e)	Date of the transaction	2023-06-22
f)	Place of the transaction	London Stock Exchange (XLON)

 

END