Market purchase for the employee benefit trust

RNS Number : 3731E

Land Securities Group PLC

08 February 2018

 

Land Securities Group PLC

("Company")

Market purchase of Company shares by the Company's employee benefit trust

Land Securities Group PLC today confirms that on 7 February 2018, ACS HRS Solutions Share Plan Services (Guernsey) Limited, acting as Trustee of the Land Securities Deferred Bonus Plan Trust ("Trust"), purchased in the market 250,000 (two hundred and fifty thousand) Ordinary Shares of nominal value 10 2/3 pence each in the capital of the Company ("Shares") at a price of £9.477 per share.

The Trust holds Shares for the benefit of the Company's employees, and in particular for satisfying the vesting of awards made under the Company's various employee share incentive plans. As such, Robert Noel, Martin Greenslade, Colette O'Shea and Scott Parsons as Executive Directors, are amongst the potential beneficiaries of the Trust.

Following the above transaction, the Trust holds 1,075,667 Shares for the above purpose, representing 0.15% of the Company's issued share capital with voting rights.

END

For further information, please contact:

Land Securities Group PLC                           

Liz Miles

Deputy Company Secretary

Tel: [phone]

 

END

 

 

POSQVLFBVLFZBBZ