REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

23/06/2022 15:30

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RNS Number : 0038Q  British Land Co PLC  23 June 2022

The British Land Company plc (the "Company")

Discretionary Share Award Vesting & SAYE Grant

On 20 June 2022 conditional awards of Ordinary Shares of 25 pence each in the
Company, that were granted on 19 June 2019 under the Company's Restricted
Share Plan, vested. Subsequent sales that were made by Persons Discharging
Managerial Responsibilities ("PDMRs") upon the awards vesting are detailed
below. The awards were not subject to performance conditions.

 Name of PDMR     Number of shares that vested  Number of shares sold
 Emma Cariaga     20,322                        20,322
 Kelly Cleveland  13,935                        6,738
 Sally Jones      31,270                        31,270
 David Lockyer    20,322                        20,322
 Roger Madelin    23,257                        23,257
 Brona McKeown    22,801                        11,024
 Darren Richards  31,270                        15,119
 David Walker     18,580                        8,984
 Nigel Webb       24,420                        11,807

 

Also on 20 June 2022, Bhavesh Mistry, Chief Financial Officer, sold 66,100
ordinary shares of 25 pence each. This followed the vesting of 136,720
performance shares comprising three separate awards granted to Bhavesh on 19
July 2021 under the Company's Long Term Incentive Plan to replace pre-existing
awards that he forfeited in order to join the Company. Two of the awards of
9,403 shares and 19,612 shares respectively did not have performance
conditions attached and vested in full. The third award of 124,948 shares was
subject to performance conditions mirroring those of his previous employer, of
which 107,705 shares representing 86.2% of the original award, vested.

Bhavesh sold 66,100 shares to settle tax and national insurance and associated
dealing fees arising on the vesting and retained the balance of 70,620 shares
which he must continue to hold for at least two years in accordance with the
terms of the grant.

On 22 June 2022 options over Ordinary shares of 25 pence each in the Company
were granted to PDMRs under the Company's SAYE Option Scheme as detailed in
the table below.

 

                  Options granted  Option price (pence)  SAYE contract commences  Option exercise period commences
 Simon Carter     4,275            421                   1 September 2022         1 September 2025
 Brona McKeown    4,275            421                   1 September 2022         1 September 2025
 Kelly Cleveland  2,137            421                   1 September 2022         1 September 2025
 David Walker     2,137            421                   1 September 2022         1 September 2025
 Bhavesh Mistry   4,275            421                   1 September 2022         1 September 2025
 Emma Cariaga     1,282            421                   1 September 2022         1 September 2025

 

The permitted exercise period for SAYE options is six months, commencing on
the dates listed above. No consideration was paid for the grant of these
options.

 

This disclosure is made in accordance with the UK Market Abuse Regulation.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                               1.    Emma Cariaga

                                                                        2.    Kelly Cleveland

                                                                        3.    Sally Jones

                                                                        4.    David Lockyer

                                                                        5.    Roger Madelin

                                                                        6.    Brona McKeown

                                                                        7.    Darren Richards

                                                                        8.    David Walker

                                                                        9.    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

 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  Ordinary shares of 25 pence each

     Identification code

                                                                        GB0001367019

 b)  Nature of the transaction                                          Sale of ordinary shares 25 pence each upon the vesting of conditional share

                                                                  awards made under the Company's Restricted Share Plan.

 c)  Price(s) and volume(s)

Price(s) (pence)  Volume(s)
                                                                        1.    504         1.    20,322

                                                                        2.    504         2.    6,738

                                                                        3.    504         3.    31,270

                                                                        4.    504         4.    20,322

                                                                        5.    504         5.    23,257

                                                                        6.    504         6.    11,024

                                                                        7.    504         7.    15,119

                                                                        8.    504         8.    8,984

                                                                        9.    504         9.    11,807

 
 d)  Aggregated information                                             N/A (single transaction)

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                            2022-06-20

 f)  Place of the transaction                                           London Stock Exchange (XLON)

 

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

 

2022-06-20

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 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  Ordinary shares of 25 pence each

     Identification code

                                                                        GB0001367019

 b)  Nature of the transaction                                          Sale of shares

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                        504       66,100

 
 d)  Aggregated information

     -      Aggregated volume                                           N/A (single transaction)

     -      Price

 e)  Date of the transaction                                            2022-06-20

 f)  Place of the transaction                                           London Stock Exchange (XLON)

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2022-06-20

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                               1.    Simon Carter

                                                                        2.    Brona McKeown

                                                                        3.    Kelly Cleveland

                                                                        4.    David Walker

                                                                        5.    Bhavesh Mistry

                                                                        6.    Emma Cariaga

 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 - Chief Financial Officer

                                                                        6.    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  Ordinary shares of 25 pence each

     Identification code

                                                                        GB0001367019

 b)  Nature of the transaction                                          Grant of options under the Save As You Earn Option Scheme

 c)  Price(s) and volume(s)

Price(s)       Volume(s)
                                                                        1.    Nil      1.    4,275

                                                                        2.    Nil      2.    4,275

                                                                        3.    Nil      3.    2,137

                                                                        4.    Nil      4.    2,137

                                                                        5.    Nil      5.    4,275

                                                                        6.    Nil      6.    1,282

 
 d)  Aggregated information

     -      Aggregated volume                                           N/A (single transaction)

     -      Price

 e)  Date of the transaction                                            2022-06-22

 f)  Place of the transaction                                           Outside a trading venue

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2022-06-22

f)

Place of the transaction

 

Outside a trading venue

 

 

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