Director/PDMR Shareholding

RNS Number : 7659V

British Land Co PLC

02 June 2008

 



British Land Co PLC

2 June 2008

The Company announces that it received notification on 30 May 2008 from the Trustees of The British Land Share Ownership Plan (the 'Trust') that on 30 May 2008 the Trust released 116,708 ordinary 25p shares of the Company to participants in the Company's Fund Managers' Performance Plan (the 'Plan'), pursuant to an award made on 30 May 2007, which vested on 30 May 2008 in accordance with the Plan's rules

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. Executive Directors and Persons Discharging Managerial

Responsibilities of the Company who are participants in these schemes are

consequently considered to be interested in the shares held by the Trust, as

discretionary beneficiaries.

The Trust also notified the Company today, of the above shares released by the

Trust, 27,861 were released to Andrew Jones, an Executive Director. Following this vesting Andrew Jones sold 12,871 shares at a price of 799.2007 pence per share.

 

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