British Land Co PLC
06 December 2005
The British Land Company PLC has made the following conditional awards to
Persons Discharging Managerial Responsibilities, of the Company's Ordinary
Shares of 25p each under the Company's Long Term Incentive Plan, pursuant to a
recommendation of the Company's Remuneration Committee, on 5th December 2005.
Person Discharging Managerial Performance Shares at nil Options (Inland Revenue Options (Inland Revenue
Responsibilities consideration unapproved) at 994p per approved) at 994p per
share share
T A Roberts 6,036 18,108
A M Jones 5,658 30,935 3,018
P C Clarke 7,796 11,695
A Braine 7,469 11,204
The above performance shares conditionally vest on their third anniversary of
grant. The options are conditionally exercisable from the third until the tenth
anniversary of grant.
It is also announced that The British Land Share Ownership Plan purchased
112,000 ordinary shares of the Company at an average price of 1004.5 pence per
share on 5th December 2005. 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.
6th December 2005.
This information is provided by RNS
The company news service from the London Stock Exchange DSDQLFBELBBFBD
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