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British Land Co PLC (BLND)

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Wednesday 23 June, 2021

British Land Co PLC

Director/PDMR Shareholding

RNS Number : 8929C
British Land Co PLC
23 June 2021
 

Long-Term Incentive Plan ('LTIP') Grant and Restricted Share Plan ('RSP') Award

The British Land Company PLC (the 'Company') announces that on 22 June 2021:

· under the LTIP, conditional awards of the Company's ordinary shares of 25 pence each ('Performance Shares') were granted to Executive Directors and other Persons Discharging Managerial Responsibilities ('PDMRs'); and

· under the RSP, conditional awards ('Restricted Shares') of the Company's ordinary shares of 25 pence each were awarded to PDMRs

as outlined below.

 


Performance Shares at nil consideration


Directors



Simon Carter

377,666






Performance Shares at nil consideration

Restricted Shares

PDMRs



Emma Cariaga

48,467

24,233

Stacey Clark

28,022

14,011

Kelly Cleveland

44,061

22,030

Ann Henshaw

45,823

22,911

Sally Jones

67,798

33,899

David Lockyer

48,467

24,233

Brona McKeown

49,436

24,718

Roger Madelin

50,425

25,212

Darren Richards

75,533

37,766

David Walker

n/a

20,142

Nigel Webb

52,946

26,473

The above Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions.  Those conditions are based 40% on Total Property Return, 20% on Total Accounting Return and 40% on Total Shareholder Return (20% against a FTSE100 comparator group and 20% against a FTSE350 property comparator group).

The Restricted Shares conditionally vest on the third anniversary of the award.  No performance conditions are attached to the Restricted Shares.

These transactions took place outside of a trading venue.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

1.  Simon Carter

2.  Emma Cariaga

3.  Stacey Clark

4.  Kelly Cleveland

5.  Ann Henshaw

6.  Sally Jones

7.  David Lockyer

8.  Brona McKeown

9.  Roger Madelin

10.  Darren Richards

11.  Nigel Webb

 

2

Reason for the notification

a)

Position/status

 

1.  PDMR - Chief Executive Officer

2.  PDMR - Executive Committee member

3.  PDMR - Executive Committee member

4.  PDMR - Executive Committee member

5.  PDMR - Executive Committee member

6.  PDMR - Executive Committee member

7.  PDMR - Executive Committee member

8.  PDMR - Executive Committee member

9.  PDMR - Executive Committee member

10.  PDMR - Executive Committee member

11.  PDMR - Executive Committee member

 

b)

Initial notification/Amendment

 

Initial notification

3

Details of the issuer; emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 

The British Land Company PLC

b)

LEI

 

RV5B68J2GV3QGMRPW209

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of financial instrument, type of financial instrument

 

Identification code

 

Ordinary shares of 25 pence each

 

 

 

GB0001367019

 

b)

Nature of the transaction

 

Grant of conditional Performance Share Award under the Long Term Incentive Plan scheme

 

c)

Price(s) and volume(s)

 

 

Price(s) (pence)

Volume(s)

1.  Nil

2.  Nil

3.  Nil

4.  Nil

5.  Nil

6.  Nil

7.  Nil

8.  Nil

9.  Nil

10.  Nil

11.  Nil

1.  377,666

2.  48,467

3.  28,022

4.  44,061

5.  45,823

6.  67,798

7.  48,467

8.  49,436

9.  50,425

10.  75,533

11.  52,946

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2021-06-22

f)

Place of the transaction

 

Outside of a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

1.  Emma Cariaga

2.  Stacey Clark

3.  Kelly Cleveland

4.  Ann Henshaw

5.  Sally Jones

6.  David Lockyer

7.  Brona McKeown

8.  Roger Madelin

9.  Darren Richards

10.  David Walker

11.  Nigel Webb

 

2

Reason for the notification

a)

Position/status

 

1.  PDMR - Executive Committee member

2.  PDMR - Executive Committee member

3.  PDMR - Executive Committee member

4.  PDMR - Executive Committee member

5.  PDMR - Executive Committee member

6.  PDMR - Executive Committee member

7.  PDMR - Executive Committee member

8.  PDMR - Executive Committee member

9.  PDMR - Executive Committee member

10.  PDMR - Executive Committee member

11.  PDMR - Executive Committee member

 

b)

Initial notification/Amendment

 

Initial notification

3

Details of the issuer; emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 

The British Land Company PLC

b)

LEI

 

RV5B68J2GV3QGMRPW209

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of financial instrument, type of financial instrument

 

Identification code

 

Ordinary shares of 25 pence each

 

 

 

GB0001367019

 

b)

Nature of the transaction

 

Grant of conditional share awards under the Restricted Share Plan scheme

 

c)

Price(s) and volume(s)

 

 

Price(s) (pence)

Volume(s)

1.  Nil

2.  Nil

3.  Nil

4.  Nil

5.  Nil

6.  Nil

7.  Nil

8.  Nil

9.  Nil

10.  Nil

11.  Nil

1.  24,233

2.  14,011

3.  22,030

4.  22,911

5.  33,899

6.  24,233

7.  24,718

8.  25,212

9.  37,766

10.  20,142

11.  26,473

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

N/A (single transaction)

e)

Date of the transaction

 

2021-06-22

f)

Place of the transaction

 

Outside of a trading venue

 

This notification is made in accordance with the requirements of the EU Market Abuse Regulation.  The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.

 

Enquiries


Company Secretariat

0207 486 4466

 

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