REG - Land Sec. Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">LAND.L</Origin>

Land SecuritiesAnnouncement

28/07/2015 16:50

RNS Number : 3534U
Land Securities Group PLC
28 July 2015
Land Securities Group PLC
(the "Company")
Notification of transactions by 
Persons Discharging Managerial Responsibilities ("PDMRs")
The Company provides notification of the following pre-authorised transactions undertaken by the following Executive Directors and other PDMRs relating to their interests in the Ordinary shares of nominal value 10p each in the capital of the Company ("Shares"). 
The transactions arise from: (i) the sale on 27 July 2015 of Shares beneficially owned, (ii) the vesting and part sale on 27 July 2015 of Deferred Share Bonus Plan ("DSBP") awards made on 27 July 2012, (iii) the vesting and sale on 28 July 2015 of Long-Term Incentive Plan ("LTIP") and Matching Share Plan ("MSP") awards made on 27 July 2012, and (iv) the exercise and sale on 28 July 2015 of Executive Share Option Plan ("ESOP") awards made on 29 July 2005, with (ii) - (iv) taking place pursuant to the respective Plan rules. 
(i) Sale on 27 July 2015 of Shares beneficially owned 
Name
Sale of Shares on at 1292p per share 
Colette O'Shea
10,000
(ii) Vesting and part sale on 27 July 2015 of DSBP awards 
Name (title)
Shares released and vesting 
Shares compulsorily sold at 1302p per share 
All residual Shares 
retained
Robert Noel,
(Chief Executive)
12,200
5,755
6,465
Martin Greenslade
(Chief Financial Officer)
11,622
5,474
6,148
 Satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust
 To cover the personal tax and national insurance contributions liability arising immediately on vesting
(iii) Vesting and sale on 28 July 2015 of LTIP and MSP awards 
Name
Shares vesting   
Shares compulsorily sold at 1289p per share 
All residual Shares sold at 1289p per share 
Robert Noel
221,807
104,250
117,557
Martin Greenslade
150,046
 70,552
 79,524
Colette O'Shea
(MD, London Portfolio)
 57,103
 26,839
 30,264
Scott Parsons (MD, Retail Portfolio)
 49,489
 23,260
 26,229
 Satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust
 Vesting at 84.7% of the maximum award based on the performance conditions achieved by the Company for the three-year financial period ended 31 March 2015 (as reported)
 To cover the personal tax and national insurance contributions liability arising immediately on vesting
(iv) Exercise and sale on 28 July 2015 of ESOP awards 
Name
Option exercised over Shares at 1280p per share   
All Shares sold at 1287p per share 
Colette O'Shea
4,099
4,099
 Satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust
 No performance conditions applied to the award which matured on 29 July 2008
As a result of and including the above transactions, the outstanding aggregate interest held by each PDMR in the Shares of the Company is as follows:
Name
Interest in Shares held under option 
Interest in Shares held under long-term incentives 
Interest in Shares
(including those held by connected persons)
Robert Noel
-
487,709
260,508 *
Martin Greenslade
3,517
329,461
384,674 *
Colette O'Shea
2,195
139,589
35,364
Scott Parsons
4,366
135,510
64,400
 Pursuant to the rules of the Company's Savings-Related Share Option Scheme 
 Pursuant to the rules of the Company's LTIP, MSP and DSBP (as applicable) 
* These interests are significantly in excess of the required holding levels for the Chief Executive (250% x salary) and Chief Financial Officer (200% x salary) under the Company's share ownership guidelines 
This notice is given in fulfilment of the Company's obligation under DTR 3.1.2R.
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Company contact:
Michael Arnaouti +44 (0)20 7024 5219
Group Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
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