REG - British Land Co PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">BLND.L</Origin>

British LandAnnouncement

08/09/2015 17:10

RNS Number : 4573Y
British Land Co PLC
08 September 2015
Matching Share Plan ("MSP") - Vesting
The British Land Company PLC (the "Company") announces that it received notification from the Trustees of The British Land Employee Share Ownership Plan of the vesting on 07 September 2015 of part of the MSP Matching Share award granted to Chris Grigg, Lucinda Bell, Charles Maudsley and Tim Roberts, Executive Directors, and to Nigel Webb, a Person Discharging Managerial Responsibilities of the Company, on 05 September 2012. The Matching Shares vested at 50% as the MSP's Gross Income Growth Performance Test had been fully attained whereas the Total Shareholder Return Performance Test had not been met.
The Company further announces that the MSP Bonus Shares that had been purchased on 05 September 2012 using the participants' retained bonuses and held according to the terms of the MSP were released on 07 September 2015.

Matching Shares vesting
Bonus Shares released
Chris Grigg
72,000
32,492
Lucinda Bell
30,666
13,839
Charles Maudsley
30,666
13,839
Tim Roberts
33,666
15,193
Nigel Webb
15,833
7,145
Following the vesting, Chris Grigg sold 33,938 shares to cover his tax liability and retained the remaining shares. The other participants sold all of their newly vested and released shares. These sales all took place at a price of 801.26 pence per share.
The above transactions took place in London and the Company was notified on 07 September 2015.
This notification is made in accordance with the requirements of DTR 3.1.4 R
Enquiries:
Camilla Wiseman
Company Secretariat, British Land
020 7486 4466

This information is provided by RNS
The company news service from the London Stock Exchange
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