Director/PDMR Shareholding

RNS Number : 3409G

Land Securities Group Plc

29 January 2010

 



LAND SECURITIES GROUP PLC ("the Company")

29 January 2010

SHAREHOLDINGS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

On 1 January 2010, Robert Noel joined the Board of the Company as an Executive Director and was granted a conditional award ("the Award"). 

The Award was granted over 160,000 ordinary shares in the Company. 

The Award was granted in accordance with the requirements of Listing Rule 9.4.2(2), in connection with the recruitment of Mr Noel as an executive director of the Company.

No consideration was paid for the grant of the Award and no consideration will be due when the award vests.

Ordinarily, the Award will vest in three tranches, as follows:

Number of shares     Normal vesting date

30 June 2010                          34,000

30 June 2011                          46,000

30 June 2012                          80,000

subject to the continued employment of Mr Noel.

This notification is made in accordance with DTR 3.1.4(1)(a). 

Contact

Peter Dudgeon, Company Secretary 0207 024 5227

29 January 2010

 

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