Director/PDMR Shareholding

Land Securities Group PLC

08 June 2023

 

Land Securities Group PLC   

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

On 8 June 2023, the PDMRs listed below (who are all Executive Directors) acquired an interest in Options over the Company's Shares following the grant of awards. Mark Allan and Vanessa Simms were granted awards under the Company's Deferred Share Bonus Plan (DSBP) and the Company's Long-Term Incentive Plan (LTIP). The number of Options were calculated by reference to a price of £6.252, being the Company's middle market closing price for a Share on 7 June 2023.

DSBP: Awards granted in accordance with the Company's DSBP follow the deferral of the PDMR's bonus entitlement for the year ended 31 March 2023. Subject to continued employment with Landsec, the PDMRs will become entitled to exercise the Options arising from the DSBP between 8 June 2024 and 8 June 2028. 

LTIP: LTIP awards normally vest on the third anniversary of grant subject to the Company's achievement of certain Total Shareholder Return, Total Return on Equity and Environmental, Social and Governance performance conditions for the three-year financial period ending 31 March 2026.  The figures shown below are the maximum entitlement should the awards vest in full.  Subject to continued employment with Landsec and the scheme rules, the PDMRs will become entitled to exercise the Options arising from the LTIP between 8 June 2026 and 8 June 2033.

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	-     Shares
		-     GB00BYW0PQ60
b)	Nature of transaction	Award of Nil Cost Options over the Company's Shares under the Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£6.252	32,859
d)	Aggregated information
	-      Aggregated volume
	-      Price	Total Price £205,437
e)	Date of the transaction	8/06/2023
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	-     Shares
		-     GB00BYW0PQ60
b)	Nature of transaction	Award of Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£6.252	411,209
d)	Aggregated information
	-      Aggregated volume
	-      Price	Total Price £2,570,880
e)	Date of the transaction	8/06/2023
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Vanessa Simms
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 Nil Cost Options over the Company's Shares under the Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£6.252	20,126
d)	Aggregated information
	-      Aggregated volume
	-      Price	Total Price £125,830
e)	Date of the transaction	8/06/2023
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Vanessa Simms
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 Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£6.252	251,865
d)	Aggregated information
	-      Aggregated volume
	-      Price	Total Price £1,574,664
e)	Date of the transaction	8/06/2023
f)	Place of the transaction	N/A

For further information, please contact:

Land Securities Group PLC                           

Maria Smout

Senior Assistant Company Secretary

Tel: [phone]

 

END