REG - Land Sec. Group PLC - Director/PDMR Shareholding
Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 27 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 two PDMRs (who are both Executive Directors).
On 26 June 2018 and 27 June 2018, Nil Cost Options (Options) granted under the Company's Deferred Share Bonus Plans (DSB) on 27 June 2016 and 26 June 2017 to the PDMRs listed below vested and became exercisable as shown below following the conclusion of the holding period.
Name 27 June 2016 DSB 26 June 2017 DSB
Exercisable between Exercisable between
27 June 2018 and 26 June 2021 26 June 2018 and 25 June 2022
Martin Greenslade 402 18,096
Robert Noel 647 29,341
This amount includes dividend equivalents accrued during the holding period, save for the final dividend in respect of the 2017/18 financial year which requires shareholder approval at the Company's AGM in July. A further announcement will be made in respect of the final dividend equivalent in due course.
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
Vest of Options granted under the Company's Deferred Share Bonus Plan on 27 June 2016.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
402
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
27/06/2018
f)
Place of the transaction
n/a
1
Details of the person discharging managerial responsibilities
a)
Name
Robert Noel
2
Reason for the notification
a)
Position/status
Chief Executive
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
Vest of Options granted under the Company's Deferred Share Bonus Plan on 27 June 2016.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
647
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
27/06/2018
f)
Place of the transaction
n/a
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
Vest of Options granted under the Company's Deferred Share Bonus Plan on 26 June 2017.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
18,096
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
26/06/2018
f)
Place of the transaction
n/a
1
Details of the person discharging managerial responsibilities
a)
Name
Robert Noel
2
Reason for the notification
a)
Position/status
Chief Executive
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
Vest of Options granted under the Company's Deferred Share Bonus Plan on 26 June 2017.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
29,341
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
26/06/2018
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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