Director/PDMR Shareholding

British Land Co PLC
26 June 2024
 

The British Land Company plc (the "Company")

Restricted Share Plan and Long-Term Incentive Plan Vesting

On 24 June 2024 conditional awards of Ordinary Shares of 25 pence each in the Company, that were granted on 24 June 2021 under the Company's Restricted Share Plan ("RSP") and Long-Term Incentive Plan ("LTIP"), vested. The awards granted under the RSP were not subject to performance conditions and vested in full. The awards granted under the LTIP vested at a rate of 40% following the partial satisfaction of performance conditions that were attached to them.

Subsequent sales that were made by Persons Discharging Managerial Responsibilities ("PDMRs") upon the awards' vesting are detailed below. The shares retained by Simon Carter must be held for at least two years in accordance with the terms of the grant that apply to Executive Directors. 

Name of PDMR

Number of shares that vested under the RSP

Number of shares that vested under the LTIP

Number of shares sold

Number of shares retained

Emma Cariaga

24,233

19,386

43,619

0

Simon Carter

-

151,066

71,144

79,922

Kelly Cleveland

22,030

17,624

18,675

20,979

David Lockyer

24,233

19,386

33,363

10,256

Roger Madelin

25,212

20,170

45,382

0

Brona McKeown

24,718

19,774

20,954

23,538

Darren Richards

37,766

30,213

51,995

15,984

David Walker

20,142

-

20,142

0

 

This disclosure is made in accordance with the UK Market Abuse Regulation.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

1.    Emma Cariaga

2.    Simon Carter

3.    Kelly Cleveland

4.    David Lockyer

5.    Roger Madelin

6.    Brona McKeown

7.    Darren Richards

8.    David Walker

 

2

Reason for the notification

a)

Position/status

 

1.    PDMR - Executive Committee member

2.    PDMR - Chief Executive Officer

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

 

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

 

Sale of ordinary shares of 25 pence each upon the vesting of conditional share awards

 

c)

Price(s) and volume(s)

 

 

Price(s) (pence)

Volume(s)

1.    412

2.    412

3.    412

4.    412

5.    412

6.    412

7.    412

8.    412

1.    43,619

2.    71,144

3.    18,675

4.    33,363

5.    45,382

6.    20,954

7.    51,995

8.    20,142

 

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

 

2024-06-24

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

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END
 
 
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