British Land Co PLC
31 May 2007
The Company announces that it received notification today from the Trustees of
The British Land Share Ownership Plan (the 'Trust') that on 30th May 2007 the
Trust purchased 482,677 Ordinary Shares of 25p each of the Company at an average
price of £14.19 pence per share. The British Land Share Ownership Plan is a
discretionary trust established for the benefit of employees, including
executive Directors and Persons Discharging Managerial Responsibilities, of the
Company, to facilitate the operation of its share incentive schemes. Directors
of the Company and Persons Discharging Managerial Responsibilities, who are
participants in these schemes, are consequently considered to be interested in
the shares held by the Trust, as discretionary beneficiaries.
Also, on 30th May 2007, Andrew Jones, was conditionally awarded a right to
receive 83,584 Ordinary Shares of 25p each, at nil consideration, under the
Company's Fund Managers Performance Plan. This award will conditionally vest,
subject to any 'claw-back' and subject to continued employment, in three equal
tranches on the first, second and third anniversaries of grant. In accordance
with the rules of the Company's Fund Managers Performance Plan, rights awarded
to Andrew Jones over 13,898 Performance Shares and options over 41,693 shares
(awarded on 30th May 2006) at an exercise price of 1252p per share and 13,898
options over shares at an exercise price of 1316p per share (awarded on 14th
July 2006), under the Company's Long Term Incentive Plan, lapse.
31st May 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
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