Director/PDMR Shareholding

British Land Co PLC
27 June 2023
 

The British Land Company plc (the "Company")

Restricted Share Plan and Long-Term Incentive Plan Vesting

On 22 June 2023 conditional awards of Ordinary Shares of 25 pence each in the Company, that were granted on 22 June 2020 under the Company's Restricted Share Plan ("RSP") and Long-Term Incentive Plan ("LTIP"), vested. The awards granted under the RSP were not subject to performance conditions and vested in full. The awards granted under the LTIP vested at a rate of 11% following the partial satisfaction of performance conditions that were attached to them.

Subsequent sales that were made by Persons Discharging Managerial Responsibilities ("PDMRs") upon the awards' vesting are detailed below. The shares retained by Simon Carter must be held for at least two years in accordance with the terms of the grant that apply to Executive Directors. 

Name of PDMR

Number of shares that vested under the RSP

Number of shares that vested under the LTIP

Number of shares sold

Number of shares retained

Emma Cariaga

23,338

5,776

13,712

15,402

Simon Carter

-

30,009

14,133

15,876

Kelly Cleveland

14,548

-

6,852

7,696

David Lockyer

23,338

5,776

29,114

0

Roger Madelin

24,282

6,009

30,291

0

Brona McKeown

23,805

5,891

13,986

15,710

Darren Richards

32,647

8,080

19,181

21,546

David Walker

19,398

-

9,136

10,262

Nigel Webb

25,496

6,310

14,980

16,826

 

This disclosure is made in accordance with the UK Market Abuse Regulation.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

1.    Emma Cariaga

2.    Simon Carter

3.    Kelly Cleveland

4.    David Lockyer

5.    Roger Madelin

6.    Brona McKeown

7.    Darren Richards

8.    David Walker

9.    Nigel Webb

 

2

Reason for the notification

a)

Position/status

 

1.    PDMR - Executive Committee member

2.    PDMR - Chief Executive 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

 

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

 

Sale of ordinary shares of 25 pence each upon the vesting of conditional share awards

 

c)

Price(s) and volume(s)

 

 

Price(s) (pence)

Volume(s)

1.    311.5

2.    311.5

3.    311.5

4.    311.5

5.    311.5

6.    311.5

7.    311.5

8.    311.5

9.    311.5

1.    13,712

2.    14,133

3.    6,852

4.    29,114

5.    30,291

6.    13,986

7.    19,181

8.    9,136

9.    14,980

 

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

 

2023-06-22

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

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END
 
 
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