REG - British Land Co PLC - Director/PDMR Shareholding

Thu Sep 6, 2012 12:33pm EDT

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RNS Number : 7135L
British Land Co PLC
06 September 2012
 

Matching Share Plan ("MSP") - Purchase and Award

The Company announces that on 5 September 2012 it received notification from the Trustees of The British Land Share Ownership Plan (the "Trust") that, on 5 September 2012, it had purchased ordinary 25p shares in the Company on behalf of Chris Grigg, Lucinda Bell, Charles Maudsley, Tim Roberts and Steve Smith, Directors of the Company, and Simon Carter and Nigel Webb, Persons Discharging Managerial Responsibilities ("PDMRs"), at a price of 531.81p per share, to be held subject to the rules of the Company's MSP, as shown in the table below.

Following this purchase, in accordance with the Rules of the MSP, the above Directors and PDMRs were conditionally awarded a right to receive a number of ordinary 25p shares in the Company at nil consideration, as shown in the table below.

These awards will conditionally vest on the third anniversary of grant, subject, inter alia, to achievement of the performance conditions and continued employment.

 


Shares Purchased

Conditional Award

Directors

Chris Grigg

32,492

144,000

Lucinda Bell

13,839

61,332

Charles Maudsley

13,839

61,332

Tim Roberts

15,193

67,332

Stephen Smith

13,839

61,332

PDMRs

Simon Carter

4,813

21,332

Nigel Webb

7,145

31,666

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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