The Company announces that, on 20 September 2012, it received notification from the Trustees of the British Land Employee Share Ownership Plan, that, in accordance with the rules of the Company's Fund Managers Performance Plan ("FMPP"), rights awarded to certain Persons Discharging Managerial Responsibilities of the Company ("PDMRs") over ordinary shares of 25p each of the Company ("shares"), awarded on 28 June 2011 and 19 December 2011 under the Company's Long-Term Incentive Plan ("LTIP"), lapsed on 20 September 2012, as detailed in the table below.
The Company also announces that, in accordance with the rules of the FMPP, rights awarded to certain PDMRs over options over shares in the Company, awarded on 28 June 2011 and 19 December 2011 under the LTIP, lapsed on 19 September 2012, as detailed below.
PDMR |
Lapse of 28/06/11 LTIP Performance Shares |
Lapse of 28/06/11 LTIP Options |
Lapse of 19/12/11 LTIP Performance Shares |
Lapse of 19/12/11 LTIP Options |
Simon Carter |
4,348 |
17,392 |
5,544 |
22,173 |
Ben Grose |
11,304 |
45,218 |
- |
- |
Nigel Webb |
52,174 |
- |
- |
- |