REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

05/07/2023 14:15

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RNS Number : 0876F  British Land Co PLC  05 July 2023

Director/PDMR Shareholding

The British Land Company PLC (the "Company") announces that on 3 July 2023,
Bhavesh Mistry, Chief Financial Officer, sold 6,310 ordinary shares of 25
pence each. This followed the vesting of 13,396 performance shares in the
Company which were granted to Bhavesh on 19 July 2021 under the Company's Long
Term Incentive Plan to replace pre-existing awards from a previous employer
that he forfeited in order to join the Company, as previously disclosed on 21
July 2021.

The original award comprised 121,787 performance shares and was subject to the
same performance conditions as the 2020 British Land LTIP grants which vested
at a rate of 11% as disclosed on 27 June 2023. Bhavesh sold 6,310 shares to
settle tax and national insurance and associated dealing fees arising on the
vesting and retained the balance of 7,086 shares which he must continue to
hold for at least two years in accordance with the terms of the grant. The
remaining 108,391 performance shares lapsed.

This notification is made in accordance with the requirements of the UK Market
Abuse Regulation.

 

 

 Enquiries:
 Company Secretariat  020 7486 4466

 British Land

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Bhavesh Mistry
 2   Reason for the notification
 a)  Position/status                                              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 the financial instrument, type of instrument  Ordinary shares of 25 pence each

     Identification code

                                                                  GB0001367019
 b)  Nature of the transaction                                    Sale of shares
 c)  Price(s) and volume(s)                                       Nature of Transaction  Price(s)  Volume(s)
                                                                  Sale                   306.08p   13,396
 d)  Aggregated information

     -       Aggregated volume                                    N/A

     -       Price                                                N/A
 e)  Date of the transaction                                      3 July 2023
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

-       Aggregated volume

-       Price

 

N/A

N/A

e)

Date of the transaction

3 July 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

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