Director/PDMR Shareholding

RNS Number : 2264I

British Land Co PLC

28 May 2014

 



Matching Share Plan ("MSP") - Vesting

The Company announces that on 27 May 2014 Matching Shares awarded to Chris Grigg, Lucinda Bell, Charles Maudsley and Tim Roberts, Directors of the Company, and Nigel Webb, a Person Discharging Managerial Responsibilities ('PDMR'), on 24 May 2011, vested on full satisfaction of the MSP's Gross Income Growth ('GIG Test') Performance Test and partial satisfaction of the Total Shareholder Return Performance Test ('TSR Test') as detailed in the table below.

Under the terms of the MSP, Bonus Shares that had been purchased on 24 May 2011 using the individuals' retained bonuses, and held according to the terms of the MSP, were also released.

	Bonus Shares released	Matching Shares Vesting subject to GIG and TSR Tests	Sold at 716.11 pence per share to meet Income Tax and NIC responsibilities	Sold at 716.11 pence per share	Retained
DIRECTOR
Chris Grigg	33,507	117,834	55,535		95,806
Lucinda Bell	6,783	23,853	11,251		19,385
Charles Maudsley	14,240	50,078	23,610	40,708
Tim Roberts	14,240	50,078	23,610		40,708
PDMR
Nigel Webb	6,980	24,548	11,538	19,990

 

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