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British LandAnnouncement

15/09/2015 16:00

RNS Number : 1506Z
British Land Co PLC
15 September 2015
Share Incentive Plan ("SIP") Purchase and Award
The British Land Company PLC (the "Company") announces that it has been notified by Equiniti Share Plan Trustees Limited, trustees of the British Land SIP, of the purchase of ordinary shares of 25 pence each in the Company ("Shares") under the Partnership Share element of the SIP. The Shares were purchased on 14 September 2015, at a price of 812.1902 pence per share on behalf of the Company's Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs"). In accordance with the rules of the SIP, further Shares were awarded under the Matching Share element of the SIP.
Details of the Partnership Shares purchased and the Matching Shares awarded are outlined below: 
Partnership Shares
Matching Shares
Executive Directors
C M Grigg
19
38
L M Bell
19
38
C Maudsley
16
32
T A Roberts
19
38
PDMRs
S Jones
15
30
C Middleton
18
36
D Richards
16
32
J Sharpe
18
36
J-M Vandevivere
19
38
N M Webb
19
38
Long-Term Incentive Plan ("LTIP") Vesting
The Company alsoannounces that it has received notification from the trustees of The British Land Employee Share Ownership Plan that, on 14 September 2015, the LTIP awards granted to Executive Directors and PDMRs of the Company on 14 September 2012 vested as detailed below:

Vesting LTIP Awards

Shares at nil consideration
Options at 538 pence
Executive Directors
Chris Grigg
185,873
743,494
Lucinda Bell
138,289
138,289
Charles Maudsley
157,992
-
Tim Roberts
157,992
-
PDRMs
Sally Jones
5,576
-
Charles Middleton
1,306
5,227
Darren Richards
1,324
5,296
Jean-Marc Vandevivere
62,174
5,576
Nigel Webb
14,107
-
Following the vesting Chris Grigg sold 87,592 Shares, Jean-Marc Vandevivere sold 29,308 Shares and Charles Middleton sold 616 Shares to cover their respective tax liabilities. Charles Middleton then transferred his remaining Shares to his spouse, Christine Middleton. Lucinda Bell, Charles Maudsley, Tim Roberts, Sally Jones, Darren Richards and Nigel Webb sold all of their newly vested Shares. All of these sales took place at a price of 804.0918 pence per share.
Fund Managers Performance Plan ("FMPP") Vesting
The Company further announces that it has received notification from the trustees of The British Land Employee Share Ownership Plan that, on 14 September 2015, part of the Fund Managers Performance Plan award granted to PDMRs on 12 September 2012 vested as detailed below:

Vesting FMPP Shares at nil consideration
PDMRs
Charles Middleton
2,977
Darren Richards
6,450
Nigel Webb
28,284
Following the vesting Charles Middleton sold 1,405 of his newly vested Shares to cover his tax liability and transferred his remaining Shares to his spouse, Christine Middleton. Darren Richards and Nigel Webb sold all of their newly vested Shares. All of these sales took place at a price of 804.0918 pence per share.
The above transactions took place in London and the Company was notified on 15 September 2015.

This notification is made in accordance with the requirements of DTR 3.1.4 R.
Enquiries:

Company Secretariat
Ndiana Ekpo, British Land 

020 7486 4466

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