REG - Land Sec. Group PLC - Director/PDMR Shareholding
RNS Number : 4571SLand Securities Group PLC08 July 2020Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 7 July 2020, 96,890 nil cost options granted under Mark Allan's Recruitment Award Agreement became exercisable. On 8 July 2020, Mark Allan exercised all of these options and sold sufficient to cover tax and national insurance. There were no dividend equivalents accrued during the holding period.
On 8 July 2020, Martin Greenslade and Colette O'Shea exercised all outstanding options under the 2015 Deferred Share Bonus Plan that were awarded in 2019 and which vested, as previously announced, on 25 June 2020. Martin Greenslade sold all shares and repurchased the net amount (post tax and national insurance) through an ISA held in the name of his wife. Colette O'Shea sold sufficient shares to cover tax and national insurance and retained the balance.
Full details of these transactions 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
Vest of Options granted under the 2017 Recruitment Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
96,890
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
07/07/2020
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
Acquisition of Shares in the Company following the exercise of Options granted under the 2017 Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
96,890
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
08/07/2020
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
Sale of Ordinary Shares in the Company to cover tax liability as a result of exercising the options set out above.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£5.563
45,630
d)
Aggregated information
- Aggregated volume
£5.563
45,630
- Price
Total Price
£253,839.69
e)
Date of the transaction
08/07/2020
f)
Place of the transaction
London
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
Ordinary Shares
GB00BYW0PQ60
b)
Nature of transaction
Acquisition of Shares in the Company following the exercise of Options granted under the Company's 2015 Deferred Share Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
16,743
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
08/07/2020
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
Ordinary Shares
GB00BYW0PQ60
b)
Nature of transaction
Purchase of Ordinary Shares in the Company in the name of his wife into ISA.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£5.680270
8,873
d)
Aggregated information
- Aggregated volume
£5.680270
- Price
Total Price
£50,401.04
e)
Date of the transaction
08/07/2020
f)
Place of the transaction
London
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
Ordinary Shares
GB00BYW0PQ60
b)
Nature of transaction
Sale of Ordinary Shares in the Company to (1) cover tax liability as a result of exercising the options set out above and (2) fund the purchase of shares to transfer into wife's ISA. Net effect is sell sufficient to cover tax liability.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£5.563
16,743
d)
Aggregated information
- Aggregated volume
£5.563
16,743
- Price
Total Price
£93,141.31
e)
Date of the transaction
08/07/2020
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities
a)
Name
Colette O'Shea
2
Reason for the notification
a)
Position/status
Managing Director, 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
Ordinary Shares
GB00BYW0PQ60
b)
Nature of transaction
Acquisition of Shares in the Company following the exercise of Options granted under the Company's 2015 Deferred Share Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£n/a
15,448
d)
Aggregated information
- Aggregated volume
- £ per share
n/a
- Price
- Total Price £n/a
e)
Date of the transaction
08/07/2020
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, 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
Ordinary Shares
GB00BYW0PQ60
b)
Nature of transaction
Sale of Ordinary Shares in the Company to cover tax liability as a result of exercising the options set out above.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£5.563
7,276
d)
Aggregated information
- Aggregated volume
£5.563
7,276
- Price
Total Price
£40,476.38
e)
Date of the transaction
08/07/2020
f)
Place of the transaction
London
For further information, please contact:
Land Securities Group PLC
Tim Ashby
Group General Counsel & Company Secretary
Tel: +44(0) 20 7024 5256
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