REG - Land Sec. Group PLC - Director/PDMR Shareholding
RNS Number : 2186DLand Securities Group PLC25 June 2021Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 25 June 2021, the PDMRs listed below (who are all Executive Directors) acquired an interest in Options over the Company's Shares following the grant of awards. Mark Allan and Colette O'Shea were granted awards under the Company's Deferred Share Bonus Plan (DSBP) and the Company's Long-Term Incentive Plan (LTIP). Vanessa Simms was granted awards under the Company's LTIP. The number of Options were calculated by reference to a price of £6.954, being the Company's middle market closing price for a Share on 24 June 2021.
DSBP: Awards granted in accordance with the Company's DSBP follow the deferral of 100% of the PDMR's bonus entitlement for the year ended 31 March 2021. Subject to continued employment with Landsec, the PDMRs will become entitled to exercise the Options arising from the DSBP between 25 June 2024 and 24 June 2026.
LTIP: LTIP awards normally vest on the third anniversary of grant subject to the Company's achievement of certain Total Shareholder Return, Total Business Return and Environmental, Social and Governance performance conditions for the three-year financial period ending 31 March 2024. The figures shown below are the maximum entitlement should the awards vest in full. Subject to continued employment with Landsec and the scheme rules, the PDMRs will become entitled to exercise the Options arising from the LTIP between 25 June 2024 and 24 June 2031.
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
- Shares
- GB00BYW0PQ60
b)
Nature of transaction
Award of Nil Cost Options over the Company's Shares under the Deferred Share Bonus Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£6.954
26,959
d)
Aggregated information
- Aggregated volume
- Price
Total Price £187,476
e)
Date of the transaction
25/06/2021
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
- Shares
- GB00BYW0PQ60
b)
Nature of transaction
Award of Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£6.954
345,125
d)
Aggregated information
- Aggregated volume
- Price
Total Price £2,400,000
e)
Date of the transaction
25/06/2021
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
Chief Operating 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 Nil Cost Options over the Company's Shares under the Deferred Share Bonus Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£6.954
16,773
d)
Aggregated information
- Aggregated volume
- Price
Total Price £116,640
e)
Date of the transaction
25/06/2021
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
Chief Operating 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 Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£6.954
172,562
d)
Aggregated information
- Aggregated volume
- Price
Total Price £1,200,000
e)
Date of the transaction
25/06/2021
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities
a)
Name
Vanessa Simms
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 Nil Cost Options over the Company's Shares under the Long Term Incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£6.954
211,389
d)
Aggregated information
- Aggregated volume
- Price
Total Price £1,470,000
e)
Date of the transaction
25/06/2021
f)
Place of the transaction
N/A
For further information, please contact:
Land Securities Group PLC
Liz Miles
Company Secretary
Tel: 020 7024 5280
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHEELFLFQLZBBB
Recent news on Land Securities
See all newsREG - Land Sec. Group PLC - Total Voting Rights
AnnouncementREG - Land Sec. Group PLC - Director/PDMR Shareholding
AnnouncementREG - Land Sec. Group PLC - Total Voting Rights
AnnouncementREG - Land Sec. Group PLC - Block listing Interim Review
AnnouncementREG - Land Sec. Group PLC - Confirmation of Full Year Results Date
Announcement