Director/PDMR Shareholding

RNS Number : 4571S

Land Securities Group PLC

08 July 2020

 

Land Securities Group PLC 

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

On 7 July 2020, 96,890 nil cost options granted under Mark Allan's Recruitment Award Agreement became exercisable.  On 8 July 2020, Mark Allan exercised all of these options and sold sufficient to cover tax and national insurance.  There were no dividend equivalents accrued during the holding period.

On 8 July 2020, Martin Greenslade and Colette O'Shea exercised all outstanding options under the 2015 Deferred Share Bonus Plan that were awarded in 2019 and which vested, as previously announced, on 25 June 2020.   Martin Greenslade sold all shares and repurchased the net amount (post tax and national insurance) through an ISA held in the name of his wife.  Colette O'Shea sold sufficient shares to cover tax and national insurance and retained the balance. 

Full details of these transactions 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	Vest of Options granted under the 2017 Recruitment Award
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		n/a	96,890
d)	Aggregated information
	-  Aggregated volume	- £ per share n/a
	-  Price	- Total Price £n/a
e)	Date of the transaction	07/07/2020
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	Acquisition of Shares in the Company following the exercise of Options granted under the 2017 Award
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		n/a	96,890
d)	Aggregated information
	-  Aggregated volume	- £ per share n/a
	-  Price	- Total Price £n/a
e)	Date of the transaction	08/07/2020
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	Sale of Ordinary Shares in the Company to cover tax liability as a result of exercising the options set out above.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.563	45,630
d)	Aggregated information
	-  Aggregated volume	£5.563	45,630
	-  Price	Total Price £253,839.69
e)	Date of the transaction	08/07/2020
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	Ordinary 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	16,743
d)	Aggregated information
	-  Aggregated volume	- £ per share n/a
	-  Price	- Total Price £n/a
e)	Date of the transaction	08/07/2020
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	Ordinary Shares
		GB00BYW0PQ60
b)	Nature of transaction	Purchase of Ordinary Shares in the Company in the name of his wife into ISA.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.680270	8,873
d)	Aggregated information
	-  Aggregated volume	£5.680270
	-  Price	Total Price £50,401.04
e)	Date of the transaction	08/07/2020
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	Ordinary Shares
		GB00BYW0PQ60
b)	Nature of transaction	Sale of 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 wife's ISA.  Net effect is sell sufficient to cover tax liability.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.563	16,743
d)	Aggregated information
	-  Aggregated volume	£5.563	16,743
	-  Price	Total Price £93,141.31
e)	Date of the transaction	08/07/2020
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities
a)	Name	Colette O'Shea
2	Reason for the notification
a)	Position/status	Managing Director, 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	Ordinary 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	15,448
d)	Aggregated information
	-  Aggregated volume	- £ per share n/a
	-  Price	- Total Price £n/a
e)	Date of the transaction	08/07/2020
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, 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	Ordinary Shares
		GB00BYW0PQ60
b)	Nature of transaction	Sale of Ordinary Shares in the Company to cover tax liability as a result of exercising the options set out above.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.563	7,276
d)	Aggregated information
	-  Aggregated volume	£5.563	7,276
	-  Price	Total Price £40,476.38
e)	Date of the transaction	08/07/2020
f)	Place of the transaction	London

For further information, please contact:

Land Securities Group PLC 

Tim Ashby

Group General Counsel & Company Secretary

Tel: [phone]

 

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