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

Land SecuritiesAnnouncement

14/05/2020 13:40

RNS Number : 9500M
  
Land Securities Group PLC
  
14 May 2020
  
 

 
 
Land Securities Group PLC   
(Company)
 
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
 
 
The Company announces that Mark Allan, Chief Executive Officer, has been granted three nil-cost share option awards in accordance with the Recruitment Award Agreement entered into between Mark Allan and the Company on 12 May 2020 (being the first day of Mark Allan's employment when the Company was not in a closed period).   As previously announced by the Company on 22 November 2019, these awards are to replace long term incentive awards from Mark Allan's former employer which were forfeited as a result of Mark Allan joining the Company.  
The awards are set out below.  
 




1


Details of the person discharging managerial responsibilities

 



a)


Name


Mark Allan

 



2


Reason for the notification

 



a)


Position/status


Chief Executive 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


Ordinary shares

 



 


 GB00BYW0PQ60

 



b)


Nature of transaction


Award of nil cost options over the Company's ordinary shares (vesting 7 July 2020)

 



c)


Price(s) and volume(s)


Price(s)


Volume(s)

 



 


 


Nil cost


 96,890

 


 



d)


Aggregated information


N/A (single transaction)
 
 
 

 



-      Aggregated volume

 



-      Price

 



e)


Date of the transaction


 12/05/2020

 



f)


Place of the transaction


 N/A

 



 




1


Details of the person discharging managerial responsibilities

 



a)


Name


Mark Allan

 



2


Reason for the notification

 



a)


Position/status


Chief Executive 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


Ordinary Shares

 



 


GB00BYW0PQ60

 



b)


Nature of transaction


Award of nil cost options over the Company's ordinary shares (vesting 20 March 2021).

 



c)


Price(s) and volume(s)


Price(s)


Volume(s)

 



 


 


Nil cost
 


 70,419

 


 



d)


Aggregated information


N/A (single transaction)
 
 
 
 

 



 

 



Aggregate Volume

 



-      Price

 



e)


Date of the transaction


 12/05/2020

 



f)


Place of the transaction


 N/A

 



 
 




1


Details of the person discharging managerial responsibilities

 



a)


Name


Mark Allan

 



2


Reason for the notification

 



a)


Position/status


Chief Executive 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


Ordinary Shares

 



 


GB00BYW0PQ60

 



b)


Nature of transaction


Award of nil cost options over the Company's ordinary shares (vesting 1 June 2022 subject to performance conditions under the Company's long term incentive plan)

 



c)


Price(s) and volume(s)


Price(s)


Volume(s)

 



 


 


 
Nil cost
 
 


113,753

 


 



d)


Aggregated information


 
 
N/A (single transaction)
 
 

 



 

 



-      Aggregated volume

 



-      Price

 



e)


Date of the transaction


 12/05/2020

 



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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