Director/PDMR Shareholding

RNS Number : 3534U

Land Securities Group PLC

28 July 2015

 



Land Securities Group PLC

(the "Company")

Notification of transactions by

Persons Discharging Managerial Responsibilities ("PDMRs")

The Company provides notification of the following pre-authorised transactions undertaken 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 sale on 27 July 2015 of Shares beneficially owned, (ii) the vesting and part sale on 27 July 2015 of Deferred Share Bonus Plan ("DSBP") awards made on 27 July 2012, (iii) the vesting and sale on 28 July 2015 of Long-Term Incentive Plan ("LTIP") and Matching Share Plan ("MSP") awards made on 27 July 2012, and (iv) the exercise and sale on 28 July 2015 of Executive Share Option Plan ("ESOP") awards made on 29 July 2005, with (ii) - (iv) taking place pursuant to the respective Plan rules.

(i) Sale on 27 July 2015 of Shares beneficially owned Name	Sale of Shares on at 1292p             per share
Colette O'Shea	10,000

(ii) Vesting and part sale on 27 July 2015 of DSBP awards Name (title)	Shares released and vesting ¹	Shares compulsorily sold at 1302p per share ²	All residual Shares retained
Robert Noel, (Chief Executive)	12,200	5,755	6,465
Martin Greenslade (Chief Financial Officer)	11,622	5,474	6,148

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

² To cover the personal tax and national insurance contributions liability arising immediately on vesting

(iii) Vesting and sale on 28 July 2015 of LTIP and MSP awards Name	Shares             vesting ³ ⁴	Shares compulsorily sold at 1289p per share ⁵	All residual Shares sold at 1289p per share
Robert Noel	221,807	104,250	117,557
Martin Greenslade	150,046	70,552	79,524
Colette O'Shea (MD, London Portfolio)	57,103	26,839	30,264
Scott Parsons                    (MD, Retail Portfolio)	49,489	23,260	26,229

³ Satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust

⁴ Vesting at 84.7% of the maximum award based on the performance conditions achieved by the Company for the three-year financial period ended 31 March 2015 (as reported)

⁵ To cover the personal tax and national insurance contributions liability arising immediately on vesting

(iv) Exercise and sale on 28 July 2015 of ESOP awards                          Name	Option exercised over Shares at 1280p                    per share ⁶ ⁷	All Shares sold       at 1287p           per share
Colette O'Shea	4,099	4,099

⁶ Satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust

⁷ No performance conditions applied to the award which matured on 29 July 2008

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

Name	Interest in Shares held under option ⁸	Interest in Shares held under long-term incentives ⁹	Interest in Shares (including those held by connected persons)
Robert Noel	-	487,709	260,508 *
Martin Greenslade	3,517	329,461	384,674 *
Colette O'Shea	2,195	139,589	35,364
Scott Parsons	4,366	135,510	64,400

⁸ Pursuant to the rules of the Company's Savings-Related Share Option Scheme

⁹ Pursuant to the rules of the Company's LTIP, MSP and DSBP (as applicable)

* These interests are significantly in excess of the required holding levels for the Chief Executive (250% x salary) and Chief Financial Officer (200% x salary) 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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