Director/PDMR Shareholding

RNS Number : 3753R

Land Securities Group PLC

26 June 2015

 



Land Securities Group PLC

("Company")

Notification of transactions by

Persons Discharging Managerial Responsibilities ("PDMRs")

The Company provides notification of the following transactions effected on 25 June 2015 by the following Executive Directors and other PDMRs relating to their interests in the Ordinary shares of nominal value 10p each in the capital of the Company ("Shares"). The transactions arise from (i) the release and vesting of a deferred Shares award made on 25 June 2014, and (ii) a deferred Shares award made on 25 June 2015, both pursuant to the rules of the Company's Deferred Share Bonus Plan.

(i) The release and vesting of a deferred Shares award                25 June 2014 Name (title)	Total number of deferred Shares released and vesting ¹	Shares compulsorily sold ²	Shares being retained
Robert Noel, (Chief Executive)	34,409	16,205	18,204
Martin Greenslade (Chief Financial Officer)	23,273	10,961	12,312
Colette O'Shea (MD, London Portfolio)	299	143	156
Scott Parsons (MD, Retail Portfolio)	1,863	879	984

¹ Satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust

² To cover the personal tax and social security contributions liability that arising immediately on vesting

(ii) A deferred Shares award            25 June 2015 ³ Name	Shares deferred till 1st anniversary                   of award           (i.e. 25 June 2016)	Shares deferred till 2nd anniversary             of award                (i.e. 25 June 2017)	Total number of deferred Shares awarded
Robert Noel	28,551	23,869	52,420
Martin Greenslade	19,314	16,146	35,460
Colette O'Shea	7,028	7,333	14,361
Scott Parsons	7,028	6,771	13,739

³ As relates to the annual bonus payable in respect of the Company's 2014/15 financial year

As a result of and including the above transactions, the outstanding aggregate interest held by each individual in the Shares of the Company is as follows:

Name	Interest in Shares under option ⁴	Interest in Shares under long-term incentives ⁵	Interest in Shares (including those held by connected persons)
Robert Noel	-	783,514	241,371 ⁶
Martin Greenslade	2,619	531,571	370,540 ⁶
Colette O'Shea	6,294	207,008	45,364
Scott Parsons	4,366	188,940	64,400

⁴ Pursuant to the rules of the Company's Executive Share Option Plan and Savings-Related Share Option Plan (as applicable)

⁵ Pursuant to the rules of the Company's Long-Term Incentive Plan, Share Matching Plan and Deferred Share Bonus Plan (as applicable)

⁶ These interests are significantly in excess of the required holding levels for the Executive Directors under the Company's share ownership guidelines

This notice is given in fulfilment of the Company's obligation under DTR 3.1.2R.

END

Company contact:

Michael Arnaouti [phone]

Group Company Secretary

 

END

 

 

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