Director/PDMR Shareholding

RNS Number : 3718D

Land Securities Group PLC

25 June 2019

 

Land Securities Group PLC   

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

On 25 June 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 two PDMRs (who are both Executive Directors).

On 25 June 2019, Nil Cost Options (Options) granted under the Company's Deferred Share Bonus Plans (DSB) on 25 June 2018 to the PDMRs listed below vested and became exercisable as shown below following the conclusion of the holding period. 

Name                                                      25 June 2018 DSB

                                                                Exercisable between                       

                                                                25 June 2019 and 25 June 2023

Martin Greenslade               21,288                                                  

Robert Noel                         32,705                                  

This amount includes dividend equivalents accrued during the holding period, save for the final dividend in respect of the 2018/19 financial year which requires shareholder approval at the Company's AGM in July.  A further announcement will be made in respect of the final dividend equivalent in due course.

The LTIP awards granted on 27 June 2016 did not meet the performance conditions and lapsed in full for all participants. 

 

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	Vest of Options granted under the Company's Deferred Share Bonus Plan on 25 June 2018.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	21,288
d)	Aggregated information
	-      Aggregated volume	- £ per share n/a
	-      Price	- Total Price £n/a
e)	Date of the transaction	25/06/2019
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	Vest of Options granted under the Company's Deferred Share Bonus Plan on 25 June 2018.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	32,705
d)	Aggregated information
	-      Aggregated volume	- £ per share n/a
	-      Price	- Total Price £n/a
e)	Date of the transaction	25/06/2019
f)	Place of the transaction	n/a

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

Land Securities Group PLC

Tel: [phone]

 

END

 

 

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