British Land Co PLC
21 December 2005
The Company announces that it yesterday received notification from the Trustees
of The British Land Share Ownership Plan (the 'Trust') that on 20th December
2005 the Trust released 385,875 ordinary 25p shares of the Company to
participants of the Company's Restricted Share Plan, pursuant to an award made
on 20th December 2002, which vested on attainment of the performance target.
The Trust is a discretionary trust established for the benefit of employees,
including executive Directors and Persons Discharging Managerial
Responsibilities, of the Company, to facilitate the operation of its share
incentive schemes. Directors of the Company and Persons Discharging Managerial
Responsibilities, who are participants in these schemes are consequently
considered to be interested in the shares held by the Trust, as discretionary
beneficiaries.
The Company also received notification yesterday from the Trustees that, of the
above shares released by the Trust, 11,250 shares were released to each of A
Braine, P C Clarke and T A Roberts, Persons Discharging Managerial
Responsibilities of the Company. Following this vesting, A Braine, P C Clarke
and T A Roberts each sold 11,250 shares, all at a price of 1,033.1601p per
share.
21st December 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
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