REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

26/06/2024 09:00

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RNS Number : 8326T  British Land Co PLC  26 June 2024

The British Land Company plc (the "Company")

Restricted Share Plan and Long-Term Incentive Plan Vesting

On 24 June 2024 conditional awards of Ordinary Shares of 25 pence each in the
Company, that were granted on 24 June 2021 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 40% 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     24,233                                      19,386                                       43,619                 0
 Simon Carter     -                                           151,066                                      71,144                 79,922
 Kelly Cleveland  22,030                                      17,624                                       18,675                 20,979
 David Lockyer    24,233                                      19,386                                       33,363                 10,256
 Roger Madelin    25,212                                      20,170                                       45,382                 0
 Brona McKeown    24,718                                      19,774                                       20,954                 23,538
 Darren Richards  37,766                                      30,213                                       51,995                 15,984
 David Walker     20,142                                      -                                            20,142                 0

 

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

 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

 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.    412         1.    43,619

                                                                        2.    412         2.    71,144

                                                                        3.    412         3.    18,675

                                                                        4.    412         4.    33,363

                                                                        5.    412         5.    45,382

                                                                        6.    412         6.    20,954

                                                                        7.    412         7.    51,995

                                                                        8.    412         8.    20,142

 
 d)  Aggregated information                                             N/A (single transaction)

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                            2024-06-24

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

 

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

 

2024-06-24

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

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