Land Securities Group PLC Director/PDMR Shareholding (1903Q)
24 Giugno 2022 - 6:09PM
UK Regulatory
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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June 24, 2022 12:09 ET (16:09 GMT)
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