REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

30/06/2023 13:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230630:nRSd5909Ea&default-theme=true

RNS Number : 5909E  British Land Co PLC  30 June 2023

The British Land Company PLC (the 'Company')

Annual Incentive Plan

In accordance with the Remuneration Policy approved by shareholders on 12 July
2022 ("the Policy"), on 28 June 2023, one third of the cash bonus awarded to
Executive Directors (after the deduction of income tax and employee NIC) was
used to purchase Ordinary Shares of 25 pence each in the Company at a price of
297.23p per share. These shares must be held for a minimum of three years in
accordance with the Policy.

 

The Annual Incentive Plan payments for the year ended 31 March 2023 were only
able to be finally calculated and approved by the Remuneration Committee after
the element relating to Total Property Return compared to MSCI benchmark was
known. As this year's Directors' Remuneration Report was finalised before this
information was available from MSCI it contains an estimated amount for each
director. The Company outperformed the benchmark by 30bps as opposed to the
60bps included in the estimated amount in the Annual Report, therefore
reducing the Annual Incentive Plan outcomes for the Directors. Full details
will be included in next year's Annual Report.

 

Details of the purchases referenced above are included below in accordance
with the UK Market Abuse Regulation.

 

 Enquiries:
 Company Secretariat, British Land        020 7486 4466

 

 

 

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

                                                                        2.    Bhavesh Mistry

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

                                                                        2.    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                                          Acquisition of Annual Incentive Shares under the Annual Incentive Plan.

 c)  Price(s) and volume(s)

Price(s) (pence)  Volume(s)
                                                                        1.    297.23      1.    38,582

                                                                        2.    297.23      2.    25,664

 
 d)  Aggregated information

     -      Aggregated volume                                           n/a

     -      Price

 e)  Date of the transaction                                            28 June 2023

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

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

n/a

e)

Date of the transaction

 

28 June 2023

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFBLFXXQLEBBK