REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

23/06/2021 16:30

RNS Number : 8929C
  
British Land Co PLC
  
23 June 2021
  
 

Long-Term Incentive Plan ('LTIP') Grant and Restricted Share Plan ('RSP') Award
The British Land Company PLC (the 'Company') announces that on 22 June 2021:
·    under the LTIP, conditional awards of the Company's ordinary shares of 25 pence each ('Performance Shares') were granted to Executive Directors and other Persons Discharging Managerial Responsibilities ('PDMRs'); and 
·    under the RSP, conditional awards ('Restricted Shares') of the Company's ordinary shares of 25 pence each were awarded to PDMRs
as outlined below.
 







Performance Shares at nil consideration








Directors












Simon Carter


377,666


























Performance Shares at nil consideration


Restricted Shares




PDMRs












Emma Cariaga


48,467


24,233




Stacey Clark 


28,022


14,011




Kelly Cleveland


44,061


22,030




Ann Henshaw


45,823


22,911




Sally Jones


67,798


33,899




David Lockyer


48,467


24,233




Brona McKeown


49,436


24,718




Roger Madelin


50,425


25,212




Darren Richards


75,533


37,766




David Walker


n/a


20,142




Nigel Webb


52,946


26,473



The above Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions.  Those conditions are based 40% on Total Property Return, 20% on Total Accounting Return and 40% on Total Shareholder Return (20% against a FTSE100 comparator group and 20% against a FTSE350 property comparator group).
The Restricted Shares conditionally vest on the third anniversary of the award.  No performance conditions are attached to the Restricted Shares.
These transactions took place outside of a trading venue.



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name
 


1.    Simon Carter
2.    Emma Cariaga
3.    Stacey Clark
4.    Kelly Cleveland
5.    Ann Henshaw
6.    Sally Jones
7.    David Lockyer
8.    Brona McKeown
9.    Roger Madelin
10.  Darren Richards
11.  Nigel Webb
 




2


Reason for the notification




a)


Position/status
 


1.    PDMR - Chief Executive Officer
2.    PDMR - Executive Committee member
3.    PDMR - Executive Committee member
4.    PDMR - Executive Committee member
5.    PDMR - Executive Committee member
6.    PDMR - Executive Committee member
7.    PDMR - Executive Committee member
8.    PDMR - Executive Committee member
9.    PDMR - Executive Committee member
10.  PDMR - Executive Committee member
11.  PDMR - Executive Committee member
 




b)


Initial notification/Amendment
 


Initial notification




3


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




a)


Name
 


The British Land Company PLC




b)


LEI
 


RV5B68J2GV3QGMRPW209




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 financial instrument, type of financial instrument
 
Identification code
 


Ordinary shares of 25 pence each
 
 
 
GB0001367019
 




b)


Nature of the transaction
 


Grant of conditional Performance Share Award under the Long Term Incentive Plan scheme 
 




c)


Price(s) and volume(s)
 


 



Price(s) (pence)


Volume(s)




1.    Nil
2.    Nil
3.    Nil
4.    Nil
5.    Nil
6.    Nil
7.    Nil
8.    Nil
9.    Nil
10.  Nil
11.  Nil


1.    377,666
2.    48,467
3.    28,022
4.    44,061
5.    45,823
6.    67,798
7.    48,467
8.    49,436
9.    50,425
10.  75,533
11.  52,946



 




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
N/A (single transaction)




e)


Date of the transaction
 


2021-06-22




f)


Place of the transaction
 


Outside of a trading venue




 


 


 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name
 


1.    Emma Cariaga
2.    Stacey Clark
3.    Kelly Cleveland
4.    Ann Henshaw
5.    Sally Jones
6.    David Lockyer
7.    Brona McKeown
8.    Roger Madelin
9.    Darren Richards
10.  David Walker
11.  Nigel Webb
 




2


Reason for the notification




a)


Position/status
 


1.    PDMR - Executive Committee member
2.    PDMR - Executive Committee member
3.    PDMR - Executive Committee member
4.    PDMR - Executive Committee member
5.    PDMR - Executive Committee member
6.    PDMR - Executive Committee member
7.    PDMR - Executive Committee member
8.    PDMR - Executive Committee member
9.    PDMR - Executive Committee member
10.  PDMR - Executive Committee member
11.  PDMR - Executive Committee member
 




b)


Initial notification/Amendment
 


Initial notification




3


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




a)


Name
 


The British Land Company PLC




b)


LEI
 


RV5B68J2GV3QGMRPW209




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 financial instrument, type of financial instrument
 
Identification code
 


Ordinary shares of 25 pence each
 
 
 
GB0001367019
 




b)


Nature of the transaction
 


Grant of conditional share awards under the Restricted Share Plan scheme 
 




c)


Price(s) and volume(s)
 


 



Price(s) (pence)


Volume(s)




1.    Nil
2.    Nil
3.    Nil
4.    Nil
5.    Nil
6.    Nil
7.    Nil
8.    Nil
9.    Nil
10.  Nil
11.  Nil


1.    24,233
2.    14,011
3.    22,030
4.    22,911
5.    33,899
6.    24,233
7.    24,718
8.    25,212
9.    37,766
10.  20,142
11.  26,473



 




d)


Aggregated information
-      Aggregated volume
-      Price
 


N/A (single transaction)




e)


Date of the transaction
 


2021-06-22




f)


Place of the transaction
 


Outside of a trading venue



 
This notification is made in accordance with the requirements of the EU Market Abuse Regulation.  The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.
 



Enquiries








Company Secretariat


0207 486 4466



 

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