Director/PDMR Shareholding

RNS Number : 6008B

British Land Co PLC

21 February 2011

 



Notification of 'Dividend' Share Purchase in the British Land Share Incentive Plan ('SIP')

Equiniti Share Plan Trustees Limited (the 'Trustees'), Trustees of the British Land SIP, notified the Company on 18^th February 2011 that they purchased on 18th February 2011 a total of 6,459 ordinary 25p shares at a price of £5.709996 per share under the 'Dividend' element of the Company's SIP. Under the terms of the SIP net dividends paid on the 'Free', 'Partnership', 'Matching' and 'Dividend' shares held by the Trustees on behalf of eligible participating employees, are used to purchase further 'Dividend' shares for each eligible participating employee. The SIP has been approved by the Inland Revenue as a share incentive plan under Schedule 8 of the Finance Act 2000.

The Company received notification from the Trustees, that of the above shares acquired by the Trustees, the shares purchased on behalf of the Company's executive directors and persons discharging managerial responsibilities were as follows:

	Number of Dividend Shares acquired under the SIP
Director
C M Grigg	6
Person Discharging Managerial Responsibilities
B T Grose	57

 

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