REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

20/07/2022 14:00

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RNS Number : 1570T  British Land Co PLC  20 July 2022

Long-Term Incentive Plan ('LTIP') Grant

The British Land Company PLC (the 'Company') announces that on 19 July 2022
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') as outlined
below.

 

                  Performance Shares at nil consideration
 Directors/PDMRs
 Simon Carter     411,121
 Bhavesh Mistry   268,599
 Emma Cariaga     115,113
 Stacey Clark     62,840
 Kelly Cleveland  105,521
 Sally Jones      152,037
 David Lockyer    111,276
 Brona McKeown    118,534
 Roger Madelin    113,077
 Darren Richards  173,219
 David Walker     98,806
 Nigel Webb       118,731

The above Performance Shares conditionally vest on the third anniversary of
grant, subject to performance conditions. Those conditions are based 50% on
Total Accounting Return, 25% on Total Property Return, and 25% on
Environmental, Social, Governance measures. A two year post-vesting holding
period applies to any shares vesting.

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.    Bhavesh Mistry

                                                                        3.    Emma Cariaga

                                                                        4.    Stacey Clark

                                                                        5.    Kelly Cleveland

                                                                        6.    Sally Jones

                                                                        7.    David Lockyer

                                                                        8.    Brona McKeown

                                                                        9.    Roger Madelin

                                                                        10.  Darren Richards

                                                                        11.  David Walker

                                                                        12.  Nigel Webb

 2   Reason for the notification
 a)  Position/status                                                    1.    PDMR - Chief Executive Officer

                                                                        2.    PDMR - Chief Financial Officer

                                                                        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

                                                                        12.  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 conditional Performance Share Award under the Long Term Incentive

                                                                  Plan scheme

 c)  Price(s) and volume(s)

Price(s) (pence)  Volume(s)
                                                                        1.    Nil         1.    411,121

                                                                        2.    Nil         2.    268,599

                                                                        3.    Nil         3.    115,113

                                                                        4.    Nil         4.    62,840

                                                                        5.    Nil         5.    105,521

                                                                        6.    Nil         6.    152,037

                                                                        7.    Nil         7.    111,276

                                                                        8.    Nil         8.    118,534

                                                                        9.    Nil         9.    113,077

                                                                        10.  Nil          10.  173,219

                                                                        11.  Nil          11.  98,806

                                                                        12.  Nil          12.  118,731

 
 d)  Aggregated information

     -      Aggregated volume                                           N/A (single transaction)

     -      Price

 e)  Date of the transaction                                            2022-07-19

 f)  Place of the transaction                                           Outside of a trading venue

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2022-07-19

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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