Director/PDMR Shareholding

RNS Number : 1948S

Land Securities Group PLC

21 June 2018

 

Land Securities Group PLC   

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

On 21 June 2018, Land Securities Group PLC (Landsec or the Company) was notified of the following transactions in its ordinary shares of 10 2/3p each (Shares) by PDMRs (who are all Executive Directors).

On 21 June 2018, PDMRs listed below acquired an interest in Options over the Company's Shares following the grant of awards under the Company's 2012 Sharesave Plan (Sharesave). The numbers of Options were calculated by reference to a price of £7.585, being the Company's middle market quotation for a Share between Tuesday 22 May 2018 to Thursday 24 May 2018, discounted by 20%.

Awards normally vest on the third or fifth anniversary of grant.   Subject to continued employment with Landsec, the PDMRs will become entitled to exercise the Options arising from Sharesave between 1 August 2021 and 31 January 2022 (3 year contract) and 1 August 2023 and 31 January 2024 (5 year contract).

1	Details of the person discharging managerial responsibilities
a)	Name	Martin Greenslade
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Land Securities Group PLC
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	-     Shares
		-     GB00BYW0PQ60
b)	Nature of transaction	Award of Sharesave Options over the Company's Shares under the 2018 Sharesave Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£7.585	2,373
d)	Aggregated information
	-      Aggregated volume	- £7.585 per share
	-      Price	- Total Price £17,999.21
e)	Date of the transaction	21/06/2018
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Colette O'Shea
2	Reason for the notification
a)	Position/status	Managing Director, London Portfolio
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Land Securities Group PLC
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	-     Shares
		-     GB00BYW0PQ60
b)	Nature of transaction	Award of Sharesave Options over the Company's Shares under the 2018 Sharesave Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£7.585	1,186
d)	Aggregated information
	-      Aggregated volume	- £7.585 per share
	-      Price	- Total Price £8,995.81
e)	Date of the transaction	21/06/2018
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Scott Parsons
2	Reason for the notification
a)	Position/status	Managing Director, Retail Portfolio
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Land Securities Group PLC
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	-     Shares
		-     GB00BYW0PQ60
b)	Nature of transaction	Award of Sharesave Options over the Company's Shares under the 2018 Sharesave Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£7.585	1,977
d)	Aggregated information
	-      Aggregated volume	- £7.585 per share
	-      Price	- Total Price £14,995.55
e)	Date of the transaction	21/06/2018
f)	Place of the transaction	N/A

Enquiries to:  Tim Ashby, Group General Counsel and Company Secretary

Land Securities Group PLC

Tel: [phone]

 

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