Director/PDMR Shareholding

RNS Number : 8330J

Land Securities Group PLC

21 August 2019

 

Land Securities Group PLC   

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

On 21 August 2019, 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 both Executive Directors).

1	Details of the person discharging managerial responsibilities
a)	Name	Robert Noel
2	Reason for the notification
a)	Position/status	Chief Executive
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	Acquisition of Shares in the Company following the exercise of Options granted under the Company's 2015 Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	33,157
d)	Aggregated information
	-      Aggregated volume	- £ per share n/a
	-      Price	- Total Price £n/a
e)	Date of the transaction	21/08/2019
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities
a)	Name	Robert Noel
2	Reason for the notification
a)	Position/status	Chief Executive
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	Sell Ordinary Shares in the Company ("Shares") to cover tax liability as a result of exercising the options set out above.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£7.492	15,616
d)	Aggregated information
	-      Aggregated volume	£7.492	15,616
	-      Price	Total Price £116,995.07
e)	Date of the transaction	21/08/2019
f)	Place of the transaction	London

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	Acquisition of Shares in the Company following the exercise of Options granted under the Company's 2015 Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	21,583
d)	Aggregated information
	-      Aggregated volume	- £ per share n/a
	-      Price	- Total Price £n/a
e)	Date of the transaction	21/08/2019
f)	Place of the transaction	n/a

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	Purchase of Ordinary Shares in the Company ("Shares") for transfer into SIPP and ISA
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£7.51752	11,438
d)	Aggregated information
	-      Aggregated volume	£7.51752
	-      Price	Total Price £85,985.39
e)	Date of the transaction	21/08/2019
f)	Place of the transaction	London

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	Sell Ordinary Shares in the Company to (1) cover tax liability as a result of exercising the options set out above and (2) fund the purchase of shares to transfer into SIPP and ISA.   Net effect is sell sufficient to cover tax liability
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£7.476	21,583
d)	Aggregated information
	-      Aggregated volume	£7.476	21,583
	-      Price	Total Price £161,354.51
e)	Date of the transaction	21/08/2019
f)	Place of the transaction	London

Enquiries to:  Liz Miles, Deputy Company Secretary

Land Securities Group PLC

Tel: [phone]

 

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