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Land SecuritiesAnnouncement

15/11/2017 14:45

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RNS Number : 6140W
Land Securities Group PLC
15 November 2017 
 
The following amendment has been made to the 'New Board Appointments'
announcement released on 14 November 2017 at 0702 under RNS No 3758W. 
 
Paragraph 5 - Dame Alison Carnwarth corrected to Dame Alison Carnwath. 
 
All other details remain unchanged. 
 
The full amended text is shown below. 
 
15 November 2017 
 
Land Securities Group PLC ("Landsec") 
 
New Board Appointments 
 
Landsec is pleased to announce that Colette O'Shea (Managing Director, London
Portfolio) and Scott Parsons (Managing Director, Retail Portfolio) will be
appointed to the Board with effect from 1 January 2018. 
 
Colette O'Shea joined Landsec in 2003 and was appointed Head of Development in
2008.  She assumed her current position in 2014. Prior to joining Landsec, she
was Head of Estates at The Mercers' Company. Colette has been responsible for
the successful delivery of Landsec's recent 3m sq ft speculative development
programme in London as well as Landsec's award winning Community Employment
Programme which has secured employment for more than 1000 disadvantaged people
since its launch in 2011. She is a member of the Mayor of London's Local
Enterprise Partnership and formerly a non-executive director of the Genesis
Housing Association. 
 
Scott Parsons re-joined Landsec in 2010 and was appointed to his current role
in 2013. Prior to re-joining Landsec, he held leadership positions at GE
Capital, Brookfield Asset Management and Lloyds Banking Group. Scott has been
responsible for overseeing the transformation of Landsec's retail portfolio
over the last four years under the themes of dominance, experience and
convenience. He is a Trustee of LandAid. 
 
The remuneration packages for both Colette O'Shea and Scott Parsons are
consistent with the Company's remuneration policy as detailed in the 2017
Directors' Remuneration Report and approved by shareholders in 2015.  Both
receive a basic annual salary of £415,000.  For 2017/18, they have an annual
bonus opportunity of up to 125% of salary, subject to performance conditions
being met.  They also received grants in July under the Company's Long Term
Incentive Plan and these awards will vest (subject to performance conditions
being achieved) in 2020.  With effect from 1 April 2018, their remuneration
package will be determined by the Remuneration Committee in line with the 2018
Directors' remuneration policy to be approved by shareholders at next year's
AGM. 
 
Dame Alison Carnwath, Chairman of Landsec, said; "The Board knows both Colette
and Scott well. They are proven leaders, with deep market knowledge, who live
our values. They will be good additions to the Board and demonstrate good
internal development and bench strength in this business." 
 
There are no other disclosures to be made under Listing Rule 9.6.13. 
 
This announcement contains inside information. 
 
Ends 
 
About Landsec 
 
At Landsec, we believe great places are for people to experience and are made
with the experience of great people. As the UK's largest listed commercial
property company, with 23.7 million sq ft of real estate and a portfolio
valued at £14.2 billion, we own and manage some of the most successful and
recognisable assets in the country. 
 
In London, our portfolio totals more than £7.8 billion, and consists of 6.5
million sq ft of real estate. From the world-famous Piccadilly Lights to the
transformation of Victoria, SW1, we deliver exceptional experiences for the
businesses and people that live and work in, and visit, the capital. 
 
In Retail, across our 17.2 million sq ft of assets, we create outstanding
experiences for customers and guests alike. Combined with the strength and
resilience of our portfolio, this means we regularly outperform industry
benchmarks for footfall and sales. We offer more than convenience and choice,
recognising that memorable destinations are key to attracting the shoppers and
retailers of today, and tomorrow. 
 
We also aim to lead our industry in critical long-term issues - from diversity
and community employment, to carbon and climate resilience. Everything we do
is grounded in experience and begins with people. We deliver value for our
shareholders, great experiences for our customers and positive change for our
communities. At Landsec, everything is experience. 
 
Find out more at landsec.com 
 
For further information, please contact: 
 
                                                                                                                               
 PressMolly Neal+44 (0)20 7024 5460 Molly.Neal@landsec.com  InvestorsEd Thacker+44 (0)20 7024 5185 Edward.Thacker@landsec.com  
 
 
This information is provided by RNS
The company news service from the London Stock Exchange