British Land Co PLC Director/PDMR Shareholding (5653G)
August 08 2016 - 10:00AM
UK Regulatory
TIDMBLND
RNS Number : 5653G
British Land Co PLC
08 August 2016
Long-Term Incentive Plan ("LTIP") Vesting
The British Land Company PLC (the "Company") announces that, on
05 August 2016, the LTIP awards granted to Executive Directors and
persons discharging managerial responsibilities ("PDMRs") of the
Company on 05 August 2013 vested at 56.3% on partial satisfaction
of the total property return and total accounting return
performance conditions attached to the awards.
On vesting LTIP Performance Shares were released and LTIP
Options became available to exercise in accordance with the LTIP
rules, as detailed below:
Vesting LTIP awards
------------------ ---------------------------------------
Performance Shares Options at 601
at nil consideration pence
------------------ ---------------------- ---------------
Executive Directors
-----------------------------------------------------------
Chris Grigg 149,882 -
------------------ ---------------------- ---------------
Lucinda Bell 65,339 87,119
------------------ ---------------------- ---------------
Charles Maudsley 79,625 -
------------------ ---------------------- ---------------
Tim Roberts 79,625 -
------------------ ---------------------- ---------------
PDMRs
-----------------------------------------------------------
Sally Jones 2,852 -
------------------ ---------------------- ---------------
Darren Richards 3,588 14,355
------------------ ---------------------- ---------------
Joff Sharpe 17,915 71,662
------------------ ---------------------- ---------------
Nigel Webb 35,971 -
------------------ ---------------------- ---------------
Following the vesting Chris Grigg sold 70,586 shares, Lucinda
Bell sold 30,772 shares, Charles Maudsley sold 37,499 shares, Tim
Roberts sold 37,499 shares, Sally Jones sold 1,345 shares, Joff
Sharpe sold 8,438 shares and Nigel Webb sold 16,941 shares to cover
their respective tax liabilities and Darren Richards sold all his
newly vested shares. These sales took place at a price of 665.8
pence per share. Tim Roberts transferred his remaining 42,126
shares to his wife, Sarah Roberts, and Nigel Webb transferred his
remaining 19,030 shares to his wife, Philippa Webb.
The above transactions took place in London and the Company was
notified on 05 August 2016.
Share Incentive Plan ("SIP") Dividend Share Purchase
The Company also announces that it has been notified by Equiniti
Share Plan Trustees Limited, trustees of the British Land SIP, of
the purchase on 05 August 2016 of Dividend Shares at a price of
666.5 pence per share on behalf of the Company's Executive
Directors and PDMRs.
Details of the Dividend Shares purchased, following the payment
of the Fourth Interim Dividend for 2015/16, are outlined below:
SIP Dividend Shares
purchased at 666.5
pence
------------------ --------------------
Executive Directors
----------------------------------------
Chris Grigg 86
------------------ --------------------
Lucinda Bell 191
------------------ --------------------
Charles Maudsley 64
------------------ --------------------
Tim Roberts 178
------------------ --------------------
PDMRs
----------------------------------------
Sally Jones 61
------------------ --------------------
Darren Richards 69
------------------ --------------------
Joff Sharpe 20
------------------ --------------------
Nigel Webb 72
------------------ --------------------
The above transactions took place in London and the Company was
notified on 08 August 2016.
Transfer of Shares
The Company also announces that on 05 August 2016 Tim Roberts,
an Executive Director of the Company, transferred 14,633 ordinary
shares of 25 pence each in the Company ("Shares") to his wife,
Sarah Roberts and that on 08 August 2016 Nigel Webb, a PDMR of the
Company, transferred 6,882 Shares to his wife, Philippa Webb.
The Company was notified of the above transfers on 05 August
2016 and 08 August 2016 respectively.
This notification is made in accordance with the requirements of
DTR 3.1.4 R.
Enquiries:
Camilla Wiseman
Company Secretariat,
British Land 020 7486 4466
This information is provided by RNS
The company news service from the London Stock Exchange
END
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