Director/PDMR Shareholding

RNS Number : 1538U

British Land Co PLC

18 June 2009

 



British Land Co PLC

The Company announces that it received notification, today, that on 17 June 2009 a director and a PDMR were conditionally awarded rights, at nil consideration, to receive Ordinary Shares of 25p each, at a share price of £3.955 per share, under the Company's Fund Managers Performance Plan ('FMPP'), as detailed below.  

This award will conditionally vest, subject to any 'claw-back' and subject to continued employment, in three equal tranches on the first, second and third anniversaries of grant.  

 In accordance with the rules of the Company's Fund Managers Performance Plan, rights awarded to the director and PDMR over Performance Shares and options over ordinary shares, awarded on 29 May 2008, under the Company's Long Term Incentive Plan ('LTIP'), lapsed on 17 June 2009, as detailed below.

		Lapse 29 05 2008 LTIP award
	Shares awarded under FMPP on 17 06 2009	Performance shares	Options
Director
Andrew Jones	189,127	51,037	204,151
PDMR
Valentine Beresford	42,983	25,519	25,519

 

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