BRADFORT PROPERTY TRUST PLC
21 July 1999
THE BRADFORD PROPERTY TRUST PLC ('BPT' OR 'the Company')
The Company was informed on 20 July 1999, that BPT Employee
Benefits Trustee Limited purchased 88,898 ordinary shares
of 5p each in the Company on 19 July 1999 at a price of
271p.
This purchase represents shares that are held by the BPT
Employee Benefits Trust, as to 63,069 ordinary shares
under The BPT Annual Incentive Plan and 25,829 ordinary
shares under The BPT Long Term Share Incentive Scheme.
In accordance with the Rules of The BPT Annual Incentive
Plan, directors of the Company have a right to acquire
ordinary shares as follows:
D G Baker: 12,453
T N Watts: 12,453
N A Denby: 8,302
G R Butterworth: 3,758
Such rights can be exercisable in July 2002 and include the right
to receive a Matching Award under the Rules of the Plan.
In accordance with the Rules of The BPT Long Term Share
Incentive Scheme, shares will be vested in the relevant
employees in 2002 only upon the achievement of the
specified performance criteria. Ordinary shares are allocated
for the possible future benefit of directors of the Company
as follows:
T N Watts: 5,535
N A Denby: 3,690
G R Butterworth: 1,845
The BPT Employee Benefits Trust now holds a total of 203,541
ordinary shares, representing 0.14 per cent of the Company's
issued ordinary share capital.
The other interests of those directors named above in the
Company's issued share capital remain unchanged.
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