REG - British Land Co PLC - Director/PDMR Shareholding
RNS Number : 4401HBritish Land Co PLC03 August 2021Long-Term Incentive Plan ('LTIP') Grant
The British Land Company PLC (the 'Company') announces that on 2 August 2021 a conditional award of 238,945 of the Company's ordinary shares of 25 pence each ('Performance Shares') was granted under the LTIP to Bhavesh Mistry.
The 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).
This transaction took place outside of a trading venue.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bhavesh Mistry
2
Reason for the notification
a)
Position/status
PDMR - Chief Financial Officer
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)
Nil
238,945
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2021-08-02
f)
Place of the transaction
Outside of a trading venue
This notification is made in accordance with the requirements of the UK 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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