Director/PDMR Shareholding

RNS Number : 0101R

British Land Co PLC

23 June 2015

 



Save As You Earn ("SAYE") Option Scheme

The British Land Company PLC (the "Company") announces that Lucinda Bell (an Executive Director) and Jean-Marc Vandevivere (a Person Discharging Managerial Responsibilities, "PDMR") were each granted 1,291 options over the Company's ordinary shares of 25 pence each ("Shares") under the Company's SAYE Option Scheme on 22 June 2015.

The SAYE option price is 697 pence per share and no consideration was paid for the grant of these options. The SAYE contracts will commence on 1 September 2015 and the permitted exercise period will be for six months commencing 1 September 2018.

Long-Term Incentive Plan ("LTIP")

The Company further announces that conditional awards of the Company's Shares and of options over the Company's Shares were granted to Executive Directors and PDMRs on 22 June 2015 under the Company's LTIP, as outlined below.

	Performance shares at nil consideration	Options at 824.5 pence
Directors
Chris Grigg	154,949	206,599
Lucinda Bell	121,254	-
Charles Maudsley	109,756	-
Tim Roberts	109,756	-
PDMRs
Sally Jones	21,121	-
Charles Middleton	12,149	16,199
Darren Richards	20,752	27,669
Joff Sharpe	25,283	101,135
Jean-Marc Vandevivere	33,203	44,271
Nigel Webb	71,018	-

The above performance shares conditionally vest on the third anniversary of grant. The above options are conditionally exercisable from the third until the tenth anniversary of grant. The LTIP option price is 824.5 pence per share. No consideration was paid for the grant of these awards.

The above SAYE and LTIP awards were granted in London.

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

Enquiries:
Ndiana Ekpo Company Secretariat, British Land	020 7486 4466

 

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