TIDMLAND

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 GBP6.943 , 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             *    Shares 
        Identification 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) 
      ----------------------------------------  ---------------  ------------ 
 
                                                 GBP6.943         98,620 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                   Total Price 
                                                  GBP684,720 
      ---------------------------------------- 
 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            *    Shares 
        Identification 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) 
      ---------------------------------------  -------------------  ------------ 
 
                                                GBP6.943             356,042 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                  Total Price 
                                                 GBP2,472,000 
      --------------------------------------- 
 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             *    Shares 
        Identification 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) 
      ----------------------------------------  ---------------  ------------ 
 
                                                 GBP6.943           56,061 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                   Total Price 
                                                  GBP389,232 
      ---------------------------------------- 
 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            *    Shares 
        Identification 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) 
      ---------------------------------------  -------------------  ------------ 
 
                                                GBP6.943             178,021 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                  Total Price 
                                                 GBP1,236,000 
      --------------------------------------- 
 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              *    Shares 
        instrument, type of instrument 
        Identification 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) 
      ----------------------------------------  ---------------  ------------ 
 
                                                   GBP6.943          55,061 
 ---------------------------------------------  ---------------  ------------ 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                   Total Price 
                                                  GBP382,291 
      ---------------------------------------- 
 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            *    Shares 
        Identification 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) 
      ---------------------------------------  -------------------  ------------ 
 
                                                GBP6.943               218,075 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                  Total Price 
                                                 GBP1,514,100 
      --------------------------------------- 
 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

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END

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(END) Dow Jones Newswires

June 24, 2022 12:09 ET (16:09 GMT)

Grafico Azioni Land Securities (LSE:LAND)
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Grafico Azioni Land Securities (LSE:LAND)
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Da Ago 2021 a Ago 2022 Clicca qui per i Grafici di Land Securities