REG - Land Sec. Group PLC - Director/PDMR Shareholding

Land SecuritiesAnnouncement

21/06/2018 16:20

RNS Number : 1948S
Land Securities Group PLC
21 June 2018
 


 
 
 
 
 
Land Securities Group PLC   
(Company)
 
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
 
On 21 June 2018, Land Securities Group PLC (Landsec or the Company) was notified of the following transactions in its ordinary shares of 10 2/3p each (Shares) by PDMRs (who are all Executive Directors).
 
On 21 June 2018, PDMRs listed below acquired an interest in Options over the Company's Shares following the grant of awards under the Company's 2012 Sharesave Plan (Sharesave). The numbers of Options were calculated by reference to a price of £7.585, being the Company's middle market quotation for a Share between Tuesday 22 May 2018 to Thursday 24 May 2018, discounted by 20%.
 
Awards normally vest on the third or fifth anniversary of grant.   Subject to continued employment with Landsec, the PDMRs will become entitled to exercise the Options arising from Sharesave between 1 August 2021 and 31 January 2022 (3 year contract) and 1 August 2023 and 31 January 2024 (5 year contract).
 
 




1


Details of the person discharging managerial responsibilities





a)


Name


Martin Greenslade





2


Reason for the notification





a)


Position/status


Chief Financial Officer











b)


Initial notification/Amendment


Initial





3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor





a)


Name


 Land Securities Group PLC





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 Identification code


-     Shares









-     GB00BYW0PQ60





b)


Nature of transaction


Award of Sharesave Options over the Company's Shares under the 2018 Sharesave Plan.





c)


Price(s) and volume(s)


Price(s)


Volume(s)













 £7.585


 2,373








d)


Aggregated information




























-      Aggregated volume


- £7.585 per share
 









-      Price


 - Total Price £17,999.21
 









e)


Date of the transaction


 21/06/2018





f)


Place of the transaction


 N/A





 




 
 




1


Details of the person discharging managerial responsibilities





a)


Name


Colette O'Shea





2


Reason for the notification





a)


Position/status


Managing Director, London Portfolio











b)


Initial notification/Amendment


Initial





3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor





a)


Name


 Land Securities Group PLC





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 Identification code


-     Shares









-     GB00BYW0PQ60





b)


Nature of transaction


Award of Sharesave Options over the Company's Shares under the 2018 Sharesave Plan.





c)


Price(s) and volume(s)


Price(s)


Volume(s)













 £7.585


 1,186








d)


Aggregated information




























-      Aggregated volume


- £7.585 per share
 









-      Price


 - Total Price £8,995.81
 









e)


Date of the transaction


 21/06/2018





f)


Place of the transaction


 N/A





 




 
 




1


Details of the person discharging managerial responsibilities





a)


Name


Scott Parsons





2


Reason for the notification





a)


Position/status


Managing Director, Retail Portfolio











b)


Initial notification/Amendment


Initial





3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor





a)


Name


 Land Securities Group PLC





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 Identification code


-     Shares









-     GB00BYW0PQ60





b)


Nature of transaction


Award of Sharesave Options over the Company's Shares under the 2018 Sharesave Plan.





c)


Price(s) and volume(s)


Price(s)


Volume(s)













 £7.585


 1,977








d)


Aggregated information




























-      Aggregated volume


- £7.585 per share
 









-      Price


 - Total Price £14,995.55
 









e)


Date of the transaction


 21/06/2018





f)


Place of the transaction


 N/A





 
Enquiries to:  Tim Ashby, Group General Counsel and Company Secretary
Land Securities Group PLC
Tel: 020 7024 5256
 




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