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

Land SecuritiesAnnouncement

11/08/2015 16:50

RNS Number : 7615V
Land Securities Group PLC
11 August 2015
Land Securities Group PLC
(the "Company")
Notification of transactions by 
Persons Discharging Managerial Responsibilities ("PDMRs")
The Company provides notification of the following annual share awards granted to the Executive Directors and other PDMRs on 10 August 2015 under the 2015 Long Term Incentive Plan ("LTIP") and Matching Share Plan ("MSP") which affect their interests in the Ordinary shares of nominal value 10p each in the capital of the Company ("Shares"). 
Name
LTIP awarded Shares (max)  
MSP awarded Shares (max)  
Robert Noel (Chief Executive)
170,240
_
Martin Greenslade (Chief Financial Officer)
110,816
_
Colette O'Shea (MD, London Portfolio)
37,650
22,590
Scott Parsons (MD, Retail Portfolio)
35,297
21,178
 Both the LTIP and MSP awards will normally vest on the third anniversary of grant subject to the Company's achievement of certain Total Shareholder Return and Total Property Return performance conditions (each of which applies to 50% of each award) for the three-year financial period ending 31 March 2018, as more particularly set out in the Directors Remuneration Report of the Company's 2015 Annual Report. Vested awards are satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust.
 The MSP awards have been granted on a 2:1 matching basis by the Company. Therefore, the individual (or his connected persons) is required to acquire within 30 days of grant and then hold throughout the three-year term Shares equal in value to 50% (net) of the MSP award in order to qualify for the full MSP award. The Executive Directors are not eligible to participate in the MSP.
As a result of and including the above awards, the outstanding aggregate interest in Shares held by each PDMR is as follows:
Name
Interest in Shares held under option 
Interest in Shares held under long-term incentives 
Interest in Shares
held by individual (including connected persons)
Robert Noel
-
657,949
260,508 
Martin Greenslade
3,517
440,277
384,674 
Colette O'Shea
2,195
199,829
35,364
Scott Parsons
4,366
191,985
64,400
 Pursuant to the rules of the Company's all-employee Sharesave Plan.
 Pursuant to the rules of the Company's LTIP, MSP and Deferred Share Bonus Plan (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.
 END
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
  END
RDSEFLFFEVFLBBX