Director/PDMR Shareholding

RNS Number : 8973V

British Land Co PLC

18 December 2013

 



The Company announces that on 17^th December 2013 it received notification from the Trustees of The British Land Share Ownership Plan (the "Trust") that, on 16^th December 2013, the Long-Term Incentive Plan ("LTIP") Awards granted to Lucinda Bell, a Director of the Company, and to Simon Carter, a PDMR, on 14 December 2010, vested at a rate of 60%, dictated by the degree to which the LTIP performance condition had been achieved. The remaining Awards lapsed, as detailed in the table below:

	Vesting LTIP Awards			Lapsing LTIP Awards
	Shares at nil consideration		Options at 510p per share	Shares at nil consideration	Options at 510p per share
Director
Lucinda Bell	2,940	11,764		1,961	7,843
PDMR
Simon Carter	3,529	14,117		2,353	9,412

Following the vesting, Lucinda Bell sold 1,387 shares and Simon Carter sold 1,665 shares, both at a price of 598p per share, to offset their respective tax liabilities.

Equiniti Share Plan Trustees Limited (the 'Trustees'), Trustees of the British Land Share Incentive Plan ('SIP'), notified the Company on 17 December 2013 that on 16 December 2013 they acquired Partnership and Matching Shares on behalf of the Company's executive directors and persons discharging managerial responsibilities as outlined below.

	Number of Partnership Shares purchased under the SIP at 598.4633p each	Number of Matching Shares awarded under the SIP
Directors
C Grigg	21	42
L Bell	21	42
C Maudsley	21	42
T Roberts	21	42
Persons Discharging Managerial Responsibilities
A Braine	21	42
S Carter	21	42
J-M Vandevivere	21	42
N Webb	21	42

This notification is made in accordance with the requirements of DTR 3.1.4 R.

 

END

 

 

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