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

Land SecuritiesAnnouncement

08/06/2023 17:00

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RNS Number : 1619C  Land Securities Group PLC  08 June 2023

Land Securities Group PLC

(Company)

 

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

 

On 8 June 2023, 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 Vanessa Simms 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 £6.252, being the Company's middle market closing price for a Share
on 7 June 2023.

 

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 2023. Subject to
continued employment with Landsec, the PDMRs will become entitled to exercise
the Options arising from the DSBP between 8 June 2024 and 8 June 2028.

 

LTIP: LTIP awards normally vest on the third anniversary of grant subject to
the Company's achievement of certain Total Shareholder Return, Total Return on
Equity and Environmental, Social and Governance performance conditions for the
three-year financial period ending 31 March 2026.  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 8 June 2026 and
8 June 2033.

 

 

 

 

 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)
                                                                                  £6.252                                   32,859

 d)  Aggregated information

     -      Aggregated volume
     -      Price                                                                Total Price £205,437
 e)  Date of the transaction                                                      8/06/2023
 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)
                                                                                  £6.252                                411,209

 d)  Aggregated information

     -      Aggregated volume
     -      Price                                                                Total Price £2,570,880
 e)  Date of the transaction                                                      8/06/2023
 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)
                                                                                   £6.252

                                                                                                                          20,126

 d)  Aggregated information

     -      Aggregated volume
     -      Price                                                                Total Price £125,830
 e)  Date of the transaction                                                      8/06/2023
 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)
                                                                                  £6.252                               251,865

 d)  Aggregated information

     -      Aggregated volume
     -      Price                                                                Total Price £1,574,664
 e)  Date of the transaction                                                      8/06/2023
 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

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