REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

27/06/2023 14:00

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RNS Number : 0833E  British Land Co PLC  27 June 2023

The British Land Company plc (the "Company")

Restricted Share Plan and Long-Term Incentive Plan Vesting

On 22 June 2023 conditional awards of Ordinary Shares of 25 pence each in the
Company, that were granted on 22 June 2020 under the Company's Restricted
Share Plan ("RSP") and Long-Term Incentive Plan ("LTIP"), vested. The awards
granted under the RSP were not subject to performance conditions and vested in
full. The awards granted under the LTIP vested at a rate of 11% following the
partial satisfaction of performance conditions that were attached to them.

Subsequent sales that were made by Persons Discharging Managerial
Responsibilities ("PDMRs") upon the awards' vesting are detailed below. The
shares retained by Simon Carter must be held for at least two years in
accordance with the terms of the grant that apply to Executive Directors.

 Name of PDMR     Number of shares that vested under the RSP  Number of shares that vested under the LTIP  Number of shares sold  Number of shares retained
 Emma Cariaga     23,338                                      5,776                                        13,712                 15,402
 Simon Carter     -                                           30,009                                       14,133                 15,876
 Kelly Cleveland  14,548                                      -                                            6,852                  7,696
 David Lockyer    23,338                                      5,776                                        29,114                 0
 Roger Madelin    24,282                                      6,009                                        30,291                 0
 Brona McKeown    23,805                                      5,891                                        13,986                 15,710
 Darren Richards  32,647                                      8,080                                        19,181                 21,546
 David Walker     19,398                                      -                                            9,136                  10,262
 Nigel Webb       25,496                                      6,310                                        14,980                 16,826

 

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.    Simon Carter

                                                                        3.    Kelly Cleveland

                                                                        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 - Chief Executive 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

 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 of 25 pence each upon the vesting of conditional share

                                                                  awards

 c)  Price(s) and volume(s)

Price(s) (pence)  Volume(s)
                                                                        1.    311.5       1.    13,712

                                                                        2.    311.5       2.    14,133

                                                                        3.    311.5       3.    6,852

                                                                        4.    311.5       4.    29,114

                                                                        5.    311.5       5.    30,291

                                                                        6.    311.5       6.    13,986

                                                                        7.    311.5       7.    19,181

                                                                        8.    311.5       8.    9,136

                                                                        9.    311.5       9.    14,980

 
 d)  Aggregated information                                             N/A (single transaction)

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                            2023-06-22

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

 

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

 

2023-06-22

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

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