TIDMBLND

RNS Number : 8929C

British Land Co PLC

23 June 2021

Long-Term Incentive Plan ('LTIP') Grant and Restricted Share Plan ('RSP') Award

The British Land Company PLC (the 'Company') announces that on 22 June 2021:

-- 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'); and

-- under the RSP, conditional awards ('Restricted Shares') of the Company's ordinary shares of 25 pence each were awarded to PDMRs

as outlined below.

 
                    Performance Shares 
                     at nil consideration 
 Directors 
                   ---------------------- 
 Simon Carter       377,666 
                   ---------------------- 
 
                    Performance Shares      Restricted 
                     at nil consideration    Shares 
                   ----------------------  ----------- 
 PDMRs 
                   ----------------------  ----------- 
 Emma Cariaga       48,467                  24,233 
                   ----------------------  ----------- 
 Stacey Clark       28,022                  14,011 
                   ----------------------  ----------- 
 Kelly Cleveland    44,061                  22,030 
                   ----------------------  ----------- 
 Ann Henshaw        45,823                  22,911 
                   ----------------------  ----------- 
 Sally Jones        67,798                  33,899 
                   ----------------------  ----------- 
 David Lockyer      48,467                  24,233 
                   ----------------------  ----------- 
 Brona McKeown      49,436                  24,718 
                   ----------------------  ----------- 
 Roger Madelin      50,425                  25,212 
                   ----------------------  ----------- 
 Darren Richards    75,533                  37,766 
                   ----------------------  ----------- 
 David Walker       n/a                     20,142 
                   ----------------------  ----------- 
 Nigel Webb         52,946                  26,473 
                   ----------------------  ----------- 
 

The above Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions. Those conditions are based 40% on Total Property Return, 20% on Total Accounting Return and 40% on Total Shareholder Return (20% against a FTSE100 comparator group and 20% against a FTSE350 property comparator group).

The Restricted Shares conditionally vest on the third anniversary of the award. No performance conditions are attached to the Restricted Shares.

These transactions took place outside of a trading venue.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                  1. Simon Carter 
                                             2. Emma Cariaga 
                                             3. Stacey Clark 
                                             4. Kelly Cleveland 
                                             5. Ann Henshaw 
                                             6. Sally Jones 
                                             7. David Lockyer 
                                             8. Brona McKeown 
                                             9. Roger Madelin 
                                             10. Darren Richards 
                                             11. Nigel Webb 
     -------------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                       1. PDMR - Chief Executive Officer 
                                             2. PDMR - Executive Committee member 
                                             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 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  -------------------------------------------- 
 3    Details of the issuer; emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                             The British Land Company PLC 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              RV5B68J2GV3QGMRPW209 
     -------------------------------  -------------------------------------------- 
 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 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. 377,666 
                                                2. Nil             2. 48,467 
                                                3. Nil             3. 28,022 
                                                4. Nil             4. 44,061 
                                                5. Nil             5. 45,823 
                                                6. Nil             6. 67,798 
                                                7. Nil             7. 48,467 
                                                8. Nil             8. 49,436 
                                                9. Nil             9. 50,425 
                                                10. Nil            10. 75,533 
                                                11. Nil            11. 52,946 
                                         -----------------  ----------------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information       N/A (single transaction) 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          2021-06-22 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  -------------------------------------------- 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
     ----------------------------------------------------------------------------- 
 a)   Name                                  1. Emma Cariaga 
                                             2. Stacey Clark 
                                             3. Kelly Cleveland 
                                             4. Ann Henshaw 
                                             5. Sally Jones 
                                             6. David Lockyer 
                                             7. Brona McKeown 
                                             8. Roger Madelin 
                                             9. Darren Richards 
                                             10. David Walker 
                                             11. Nigel Webb 
     -------------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                       1. PDMR - Executive Committee member 
                                             2. PDMR - Executive Committee member 
                                             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 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  -------------------------------------------- 
 3    Details of the issuer; emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                             The British Land Company PLC 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              RV5B68J2GV3QGMRPW209 
     -------------------------------  -------------------------------------------- 
 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 financial         Ordinary shares of 25 pence each 
       instrument, type of 
       financial instrument 
       Identification code              GB0001367019 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of conditional share awards under 
                                        the Restricted Share Plan scheme 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s) (pence)   Volume(s) 
                                                            ----------------- 
                                               1. Nil             1. 24,233 
                                                2. Nil             2. 14,011 
                                                3. Nil             3. 22,030 
                                                4. Nil             4. 22,911 
                                                5. Nil             5. 33,899 
                                                6. Nil             6. 24,233 
                                                7. Nil             7. 24,718 
                                                8. Nil             8. 25,212 
                                                9. Nil             9. 37,766 
                                                10. Nil            10. 20,142 
                                                11. Nil            11. 26,473 
                                         -----------------  ----------------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      N/A (single transaction) 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          2021-06-22 
     -------------------------------  -------------------------------------------- 
 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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END

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June 23, 2021 11:30 ET (15:30 GMT)

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Da Gen 2021 a Gen 2022 Clicca qui per i Grafici di British Land