Director/PDMR Shareholding

RNS Number : 0445Z

British Land Co PLC

14 July 2008

 

Director/PDMR Shareholding

The Company announces that it received notification today from the Trustees of The British Land Share Ownership Plan (the 'Trust') that on 14th July 2008 the Trust released 218,846 ordinary 25p shares of the Company to participants in the Company's Fund Managers' Performance Plan (the 'Plan'), pursuant to an award made on 14th July 2006, which vested today 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 sharesheld by the Trust, as discretionary beneficiaries.  

The Trust also notified the Company today, of the above shares released by the Trust, 56,976 were released to Andrew Jones, an Executive Director and 51,278 to Valentine Beresford, a Person Discharging Managerial Responsibilities.  

Following this vesting Andrew Jones sold 56,976 shares and Valentine Beresford sold 51,278 shares, both sales at an average price of 682.1 pence per share.

 14th July 2008.  

 

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