For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220624:nRSX1903Qa&default-theme=true
RNS Number : 1903Q Land Securities Group PLC 24 June 2022
Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 24 June 2022, 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, Vanessa Simms 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). The number of Options were calculated by
reference to a price of £6.943, being the Company's middle market closing
price for a Share on 23 June 2022.
DSBP: Awards granted in accordance with the Company's DSBP follow the deferral
of the PDMR's bonus entitlement for the year ended 31 March 2022. Subject to
continued employment with Landsec, the PDMRs will become entitled to exercise
the Options arising from the DSBP between 24 June 2023 and 23 June 2027.
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 2025. 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 24 June 2025
and 23 June 2032.
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 - Shares
code
- 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)
£6.943 98,620
d) Aggregated information
- Aggregated volume
- Price Total Price £684,720
e) Date of the transaction 24/06/2022
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 - Shares
code
- 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)
£6.943 356,042
d) Aggregated information
- Aggregated volume
- Price Total Price £2,472,000
e) Date of the transaction 24/06/2022
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 - Shares
code
- 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)
£6.943 56,061
d) Aggregated information
- Aggregated volume
- Price Total Price £389,232
e) Date of the transaction 24/06/2022
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 - Shares
code
- 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)
£6.943 178,021
d) Aggregated information
- Aggregated volume
- Price Total Price £1,236,000
e) Date of the transaction 24/06/2022
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 - Shares
code
- 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)
£6.943
55,061
d) Aggregated information
- Aggregated volume
- Price Total Price £382,291
e) Date of the transaction 24/06/2022
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 - Shares
code
- 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)
£6.943 218,075
d) Aggregated information
- Aggregated volume
- Price Total Price £1,514,100
e) Date of the transaction 24/06/2022
f) Place of the transaction N/A
For further information, please contact:
Land Securities Group
PLC
Maria Smout
Senior Assistant Company Secretary
Tel: 020-7024 5264
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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHQZLFLLQLBBBD