TIDMBLND

RNS Number : 1570T

British Land Co PLC

20 July 2022

Long-Term Incentive Plan ('LTIP') Grant

The British Land Company PLC (the 'Company') announces that on 19 July 2022 under the LTIP, conditional awards of the Company's ordinary shares of 25 pence each ('Performance Shares') were granted to Executive Directors and other Persons Discharging Managerial Responsibilities ('PDMRs') as outlined below.

 
                    Performance 
                     Shares at nil 
                     consideration 
 Directors/PDMRs 
                   --------------- 
 Simon Carter       411,121 
                   --------------- 
 Bhavesh Mistry     268,599 
                   --------------- 
 Emma Cariaga       115,113 
                   --------------- 
 Stacey Clark       62,840 
                   --------------- 
 Kelly Cleveland    105,521 
                   --------------- 
 Sally Jones        152,037 
                   --------------- 
 David Lockyer      111,276 
                   --------------- 
 Brona McKeown      118,534 
                   --------------- 
 Roger Madelin      113,077 
                   --------------- 
 Darren Richards    173,219 
                   --------------- 
 David Walker       98,806 
                   --------------- 
 Nigel Webb         118,731 
                   --------------- 
 

The above Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions. Those conditions are based 50% on Total Accounting Return, 25% on Total Property Return, and 25% on Environmental, Social, Governance measures. A two year post-vesting holding period applies to any shares vesting.

These transactions took place outside of a trading venue.

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                                        1. Simon Carter 
                                                   2. Bhavesh Mistry 
                                                   3. Emma Cariaga 
                                                   4. Stacey Clark 
                                                   5. Kelly Cleveland 
                                                   6. Sally Jones 
                                                   7. David Lockyer 
                                                   8. Brona McKeown 
                                                   9. Roger Madelin 
                                                   10. Darren Richards 
                                                   11. David Walker 
                                                   12. Nigel Webb 
     -------------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------------- 
 a)   Position/status                       1. PDMR - Chief Executive Officer 
                                             2. PDMR - Chief Financial Officer 
                                             3. PDMR - Executive Committee member 
                                             4. PDMR - Executive Committee member 
                                             5. PDMR - Executive Committee member 
                                             6. PDMR - Executive Committee member 
                                             7. PDMR - Executive Committee member 
                                             8. PDMR - Executive Committee member 
                                             9. PDMR - Executive Committee member 
                                             10. PDMR - Executive Committee member 
                                             11. PDMR - Executive Committee member 
                                             12. PDMR - Executive Committee member 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  -------------------------------------------- 
      Details of the issuer; emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                             The British Land Company PLC 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              RV5B68J2GV3QGMRPW209 
     -------------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 financial         Ordinary shares of 25 pence each 
       instrument, type of 
       financial instrument 
 
       Identification code              GB0001367019 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of conditional Performance Share 
                                        Award under the Long Term Incentive 
                                        Plan scheme 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s) (pence)      Volume(s) 
                                                               ------------------ 
                                                     1. Nil          1. 411,121 
                                                      2. Nil          2. 268,599 
                                                      3. Nil          3. 115,113 
                                                      4. Nil          4. 62,840 
                                                      5. Nil          5. 105,521 
                                                      6. Nil          6. 152,037 
                                                      7. Nil          7. 111,276 
                                                      8. Nil          8. 118,534 
                                                      9. Nil          9. 113,077 
                                                      10. Nil         10. 173,219 
                                                      11. Nil         11. 98,806 
                                                      12. Nil         12. 118,731 
                                         --------------------  ------------------ 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      N/A (single transaction) 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          2022-07-19 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  -------------------------------------------- 
 

This notification is made in accordance with the requirements of the EU Market Abuse Regulation. The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.

 
 Enquiries 
 Company Secretariat    0207 486 4466 
 

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July 20, 2022 09:00 ET (13:00 GMT)

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