Land Securities Group PLC Director/PDMR Shareholding (2186D)
25 Giugno 2021 - 5:42PM
UK Regulatory
TIDMLAND
RNS Number : 2186D
Land Securities Group PLC
25 June 2021
Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 25 June 2021, 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 Colette O'Shea
were granted awards under the Company's Deferred Share Bonus Plan
(DSBP) and the Company's Long-Term Incentive Plan (LTIP). Vanessa
Simms was granted awards under the Company's LTIP. The number of
Options were calculated by reference to a price of GBP 6.954, being
the Company's middle market closing price for a Share on 24 June
2021.
DSBP: Awards granted in accordance with the Company's DSBP
follow the deferral of 100% of the PDMR's bonus entitlement for the
year ended 31 March 2021. Subject to continued employment with
Landsec, the PDMRs will become entitled to exercise the Options
arising from the DSBP between 25 June 2024 and 24 June 2026.
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 2024. 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 25 June 2024 and 24 June 2031.
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)
---------------------------------------- --------------- ------------
GBP6.954 26,959
--------------------------------------------- --------------- ------------
d) Aggregated information
- Aggregated volume
- Price Total Price
GBP187,476
----------------------------------------
e) Date of the transaction 25/06/2021
---------------------------------------- -----------------------------
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)
--------------------------------------- ------------------- ------------
GBP6.954 345,125
-------------------------------------------- ------------------- ------------
d) Aggregated information
- Aggregated volume
- Price Total Price
GBP2,400,000
---------------------------------------
e) Date of the transaction 25/06/2021
--------------------------------------- ---------------------------------
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)
---------------------------------------- --------------- ------------
GBP6.954 16,773
--------------------------------------------- --------------- ------------
d) Aggregated information
- Aggregated volume
- Price Total Price
GBP116,640
----------------------------------------
e) Date of the transaction 25/06/2021
---------------------------------------- -----------------------------
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)
--------------------------------------- ------------------- ------------
GBP6.954 172,562
-------------------------------------------- ------------------- ------------
d) Aggregated information
- Aggregated volume
- Price Total Price
GBP1,200,000
---------------------------------------
e) Date of the transaction 25/06/2021
--------------------------------------- ---------------------------------
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)
--------------------------------------- ------------------- ------------
GBP6.954 211,389
-------------------------------------------- ------------------- ------------
d) Aggregated information
- Aggregated volume
- Price Total Price
GBP1,470,000
---------------------------------------
e) Date of the transaction 25/06/2021
--------------------------------------- ---------------------------------
f) Place of the transaction N/A
--------------------------------------- ---------------------------------
For further information, please contact:
Land Securities Group PLC
Liz Miles
Company Secretary
Tel: 020 7024 5280
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END
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June 25, 2021 11:42 ET (15:42 GMT)
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