Director/PDMR Shareholding

RNS Number : 5892C

British Land Co PLC

16 November 2009

 



Notification of monthly investment 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 16th November 2009 that they purchased on 16th November 2009 a total of 13,296 ordinary 25p shares at a price of £5.095 per share under the 'Partnership' and 'Matching' element of the Company's SIP. They also notified the Company that on 13th November 2009 a total of 12,377 ordinary 25p shares at a price of £4.922 per share was purchased under the 'Dividend' element of the Company's SIP. Under the terms of the SIP each eligible participating employee can contribute from monthly salary to purchase 'Partnership Shares', and the Company matches this by awarding two 'Matching Shares' for every one 'Partnership Share' purchased by participating employees. 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. 

As participants in the SIP the executive directors and the persons discharging managerial responsibilities named below are deemed to have an interest in the shares held by the Trustees.  

The Company also 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 Partnership Shares acquired under the SIP	Number of Matching Shares acquired under the SIP	Number of Dividend Shares acquired under the SIP
Directors
G C Roberts	25	50	96
T A Roberts	25	50	96
Persons Discharging Managerial Responsibilities
P C Clarke	25	50	111
A Braine	25	50	111
N M Webb	25	50	96

16th November 2009.

 

END

 

 

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