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


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSBVLFLZEFFBBE
UK 100

Latest directors dealings