Director/PDMR Shareholding

RNS Number : 7135L

British Land Co PLC

06 September 2012

 

Matching Share Plan ("MSP") - Purchase and Award

The Company announces that on 5 September 2012 it received notification from the Trustees of The British Land Share Ownership Plan (the "Trust") that, on 5 September 2012, it had purchased ordinary 25p shares in the Company on behalf of Chris Grigg, Lucinda Bell, Charles Maudsley, Tim Roberts and Steve Smith, Directors of the Company, and Simon Carter and Nigel Webb, Persons Discharging Managerial Responsibilities ("PDMRs"), at a price of 531.81p per share, to be held subject to the rules of the Company's MSP, as shown in the table below.

Following this purchase, in accordance with the Rules of the MSP, the above Directors and PDMRs were conditionally awarded a right to receive a number of ordinary 25p shares in the Company at nil consideration, as shown in the table below.

These awards will conditionally vest on the third anniversary of grant, subject, inter alia, to achievement of the performance conditions and continued employment.

	Shares Purchased	Conditional Award
Directors
Chris Grigg	32,492	144,000
Lucinda Bell	13,839	61,332
Charles Maudsley	13,839	61,332
Tim Roberts	15,193	67,332
Stephen Smith	13,839	61,332
PDMRs
Simon Carter	4,813	21,332
Nigel Webb	7,145	31,666

 

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