Director/PDMR Shareholding

RNS Number : 9500M

Land Securities Group PLC

14 May 2020

 

Land Securities Group PLC 

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

The Company announces that Mark Allan, Chief Executive Officer, has been granted three nil-cost share option awards in accordance with the Recruitment Award Agreement entered into between Mark Allan and the Company on 12 May 2020 (being the first day of Mark Allan's employment when the Company was not in a closed period).  As previously announced by the Company on 22 November 2019, these awards are to replace long term incentive awards from Mark Allan's former employer which were forfeited as a result of Mark Allan joining the Company. 

The awards are set out below. 

1	Details of the person discharging managerial responsibilities
a)	Name	Mark Allan
2	Reason for the notification
a)	Position/status	Chief Executive 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	Ordinary shares
		GB00BYW0PQ60
b)	Nature of transaction	Award of nil cost options over the Company's ordinary shares (vesting 7 July 2020)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost	96,890
d)	Aggregated information	N/A (single transaction)
	-  Aggregated volume
	-  Price
e)	Date of the transaction	12/05/2020
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Mark Allan
2	Reason for the notification
a)	Position/status	Chief Executive 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	Ordinary Shares
		GB00BYW0PQ60
b)	Nature of transaction	Award of nil cost options over the Company's ordinary shares (vesting 20 March 2021).
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost	70,419
d)	Aggregated information	N/A (single transaction)
	Aggregate Volume
	-  Price
e)	Date of the transaction	1 2/05/2020
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Mark Allan
2	Reason for the notification
a)	Position/status	Chief Executive 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	Ordinary Shares
		GB00BYW0PQ60
b)	Nature of transaction	Award of nil cost options over the Company's ordinary shares (vesting 1 June 2022 subject to performance conditions under the Company's long term incentive plan)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost	113,753
d)	Aggregated information	N/A (single transaction)
	-  Aggregated volume
	-  Price
e)	Date of the transaction	12/05/2020
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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