British Land Co PLC Director/PDMR Shareholding (9946F)
July 21 2021 - 06:00AM
UK Regulatory
TIDMBLND
RNS Number : 9946F
British Land Co PLC
21 July 2021
The British Land Company PLC (the 'Company')
Bhavesh Mistry - Replacement Share Awards
Upon the commencement of employment of Bhavesh Mistry as Chief
Financial Officer, the Company has granted on 19 July 2021 the
following share awards to replace those awards that he forfeited to
join British Land (the 'Awards'):
-- A grant of 43,580 Ordinary Shares of 25p each of the Company
was made at nil cost. These shares must be held by Bhavesh for a
minimum of two years.
-- Two separate grants in respect of 171,844 and 252,792
Ordinary Shares of 25p each of the Company were made under the
Company's Long Term Incentive Plan. Grants in respect of 171,844
shares do not have performance conditions attached, replicating the
terms of the awards previously held. Grants in respect of 252,792
shares are subject to the achievement of specified performance
conditions. Holding periods and malus and clawback provisions apply
to each award.
Full details of the vesting dates and vesting conditions
(including performance conditions, where applicable) attached to
the Awards will be set out in the 2022 Directors Remuneration
Report. Details required under the UK Market Abuse Regulation are
contained within the tables below.
Enquiries
Company Secretariat 0207 486 4466
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Bhavesh Mistry
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2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
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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 Ordinary shares of 25 pence each
instrument, type of
financial instrument
Identification code GB0001367019
------------------------------- -----------------------------------------
b) Nature of the transaction Receipt of shares for nil cost
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Nil
43,580
------------------------------- -----------------------------------------
d) Aggregated information 43,580
* Aggregated volume Nil
* Price
------------------------------- -----------------------------------------
e) Date of the transaction
------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange (XLON) Main Market
------------------------------- -----------------------------------------
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 Ordinary shares of 25 pence each
instrument, type of
financial instrument
Identification code GB0001367019
------------------------------- -----------------------------------------
b) Nature of the transaction Grant of conditional awards under the
Long Term Incentive Plan
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Nil
424,636
------------------------------- -----------------------------------------
d) Aggregated information 424,636
* Aggregated volume Nil
* Price
------------------------------- -----------------------------------------
e) Date of the transaction
------------------------------- -----------------------------------------
f) Place of the transaction Outside of a trading venue
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END
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