Director/PDMR Shareholding

RNS Number : 3724D
Land Securities Group PLC
25 June 2019
 

Land Securities Group PLC   

(Company)

 

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

 

 

On 25 June 2019, PDMRs listed below (who are all Executive Directors) acquired an interest in Options over the Company's Shares following the grant of awards under the Company's Deferred Share Bonus Plan (DSB) and the Company's Long-Term Incentive Plan (LTIP). The numbers of Options were calculated by reference to a price of £8.196, being the Company's middle market closing price for a Share on 24 June 2019.

 

DSB: Awards granted in accordance with the Company's DSB follow the deferral of a portion of the PDMR's bonus entitlement for the year ended 31 March 2019. Subject to continued employment with Landsec, the PDMRs will become entitled to exercise the Options arising from the DSB between 25 June 2020 and 24 June 2024.

 

LTIP: LTIP awards normally vest on the third anniversary of grant subject to the Company's achievement of certain Total Shareholder Return and Total Property Return performance conditions for the three-year financial period ending 31 March 2022.  The figures shown below are the maximum entitlement should the awards vest in full.  Subject to continued employment with Landsec and the scheme rules, the PDMRs will become entitled to exercise the Options arising from the LTIP between 25 June 2022 and 24 June 2029.

                                                                               

  

1

Details of the person discharging managerial responsibilities

a)

Name

 Martin Greenslade

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Land Securities Group PLC

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 the financial instrument, type of instrument Identification code

-     Shares


-     GB00BYW0PQ60

b)

Nature of transaction

Award of Nil Cost Options over the Company's Shares under the Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)



 £8.196

 16,323

d)

Aggregated information






-      Aggregated volume

- £ per share


-      Price

 - Total Price £133,788


e)

Date of the transaction

 25/06/2019

f)

Place of the transaction

 N/A

 



 

 

1

Details of the person discharging managerial responsibilities

a)

Name

  Martin Greenslade

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Land Securities Group PLC

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 the financial instrument, type of instrument Identification code

-     Shares


-     GB00BYW0PQ60

b)

Nature of transaction

Award of Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)



 £8.196

 193,997

d)

Aggregated information






-      Aggregated volume

- £ per share


-      Price

 - Total Price £1,590,000


e)

Date of the transaction

 25/06/2019

f)

Place of the transaction

 N/A

 

 



 

 

1

Details of the person discharging managerial responsibilities

a)

Name

  Robert Noel

2

Reason for the notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Land Securities Group PLC

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 the financial instrument, type of instrument Identification code

-     Shares


-     GB00BYW0PQ60

b)

Nature of transaction

Award of Nil Cost Options over the Company's Shares under the Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)



 £8.196

25,076

d)

Aggregated information






-      Aggregated volume

- £ per share


-      Price

 - Total Price £205,529


e)

Date of the transaction

 25/06/2019

f)

Place of the transaction

 N/A

 

 

 



 

1

Details of the person discharging managerial responsibilities

a)

Name

  Robert Noel

2

Reason for the notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Land Securities Group PLC

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 the financial instrument, type of instrument Identification code

-     Shares


-     GB00BYW0PQ60

b)

Nature of transaction

Award of Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)



 £8.196

 297,950

d)

Aggregated information






-      Aggregated volume

- £ per share


-      Price

 - Total Price £2,442,000


e)

Date of the transaction

 25/06/2019

f)

Place of the transaction

 N/A

 

 

 

 

 

 

 

 

 

 

 

1

Details of the person discharging managerial responsibilities

a)

Name

 Colette O'Shea

2

Reason for the notification

a)

Position/status

Managing Director, London and Retail Portfolios

b)

Initial notification/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Land Securities Group PLC

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 the financial instrument, type of instrument Identification code

-     Shares


-     GB00BYW0PQ60

b)

Nature of transaction

Award of Nil Cost Options over the Company's Shares under the Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)



 £8.196

14,812

d)

Aggregated information






-      Aggregated volume

- £ per share


-      Price

 - Total Price £121,401


e)

Date of the transaction

 25/06/2019

f)

Place of the transaction

 N/A

 



 

1

Details of the person discharging managerial responsibilities

a)

Name

  Colette O'Shea

2

Reason for the notification

a)

Position/status

Managing Director, London and Retail Portfolios

b)

Initial notification/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Land Securities Group PLC

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 the financial instrument, type of instrument Identification code

-     Shares


-     GB00BYW0PQ60

b)

Nature of transaction

Award of Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)



 £8.196

134,211

d)

Aggregated information






-      Aggregated volume

- £ per share


-      Price

 - Total Price £1,100,000


e)

Date of the transaction

 25/06/2019

f)

Place of the transaction

 N/A

 

Enquiries to: Tim Ashby, Group General Counsel and Company Secretary

Land Securities Group PLC

Tel: 020 7024 5256

 


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END
 
 
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