Director/PDMR Shareholding

RNS Number : 1570T
British Land Co PLC
20 July 2022
 

Long-Term Incentive Plan ('LTIP') Grant

The British Land Company PLC (the 'Company') announces that on 19 July 2022 under the LTIP, conditional awards of the Company's ordinary shares of 25 pence each ('Performance Shares') were granted to Executive Directors and other Persons Discharging Managerial Responsibilities ('PDMRs') as outlined below.

 


Performance Shares at nil consideration

Directors/PDMRs


Simon Carter

411,121

Bhavesh Mistry

268,599

Emma Cariaga

115,113

Stacey Clark

62,840

Kelly Cleveland

105,521

Sally Jones

152,037

David Lockyer

111,276

Brona McKeown

118,534

Roger Madelin

113,077

Darren Richards

173,219

David Walker

98,806

Nigel Webb

118,731

The above Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions. Those conditions are based 50% on Total Accounting Return, 25% on Total Property Return, and 25% on Environmental, Social, Governance measures. A two year post-vesting holding period applies to any shares vesting.

These transactions took place outside of a trading venue.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

1.  Simon Carter

2.  Bhavesh Mistry

3.  Emma Cariaga

4.  Stacey Clark

5.  Kelly Cleveland

6.  Sally Jones

7.  David Lockyer

8.  Brona McKeown

9.  Roger Madelin

10.  Darren Richards

11.  David Walker

12.  Nigel Webb

 

2

Reason for the notification

a)

Position/status

 

1.  PDMR - Chief Executive Officer

2.  PDMR - Chief Financial Officer

3.  PDMR - Executive Committee member

4.  PDMR - Executive Committee member

5.  PDMR - Executive Committee member

6.  PDMR - Executive Committee member

7.  PDMR - Executive Committee member

8.  PDMR - Executive Committee member

9.  PDMR - Executive Committee member

10.  PDMR - Executive Committee member

11.  PDMR - Executive Committee member

12.  PDMR - Executive Committee member

 

b)

Initial notification/Amendment

 

Initial notification

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 instrument, type of financial instrument

 

Identification code

 

Ordinary shares of 25 pence each

 

 

 

GB0001367019

 

b)

Nature of the transaction

 

Grant of conditional Performance Share Award under the Long Term Incentive Plan scheme

 

c)

Price(s) and volume(s)

 

 

Price(s) (pence)

Volume(s)

1.  Nil

2.  Nil

3.  Nil

4.  Nil

5.  Nil

6.  Nil

7.  Nil

8.  Nil

9.  Nil

10.  Nil

11.  Nil

12.  Nil

 

1.  411,121

2.  268,599

3.  115,113

4.  62,840

5.  105,521

6.  152,037

7.  111,276

8.  118,534

9.  113,077

10.  173,219

11.  98,806

12.  118,731

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2022-07-19

f)

Place of the transaction

 

Outside of a trading venue

 

This notification is made in accordance with the requirements of the EU Market Abuse Regulation.  The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.

 

Enquiries


Company Secretariat

0207 486 4466

 

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