REG - British Land Co PLC - Director/PDMR Shareholding

British LandAnnouncement

24/06/2024 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240624:nRSX5930Ta&default-theme=true

RNS Number : 5930T  British Land Co PLC  24 June 2024

Long-Term Incentive Plan ('LTIP') Grant

The British Land Company PLC (the 'Company') announces that on 20 June 2024,
conditional awards of ordinary shares of 25p each in the Company were granted
to Executive Directors and other Persons Discharging Managerial
Responsibilities ('PDMRs') under the LTIP as outlined below (the 'Performance
Shares').

As disclosed on 17 June 2024, Bhavesh Mistry has informed the Board of his
intention to step down as CFO and Executive Director of the Company and is
therefore not eligible to receive an LTIP grant.

 

                      Performance Shares at nil consideration
 Executive Directors
 Simon Carter         450,101
 PDMRs
 Emma Cariaga         126,028
 Kelly Cleveland      126,028
 David Lockyer        138,672
 Brona McKeown        129,773
 Roger Madelin        123,799
 Darren Richards      189,642
 David Walker         122,357

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 for Executive Directors. A full
description of the performance conditions attached to the awards is contained
within the 2024 Directors' Remuneration Report.

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.   Kelly Cleveland

                                                                        4.   David Lockyer

                                                                        5.   Brona McKeown

                                                                        6.   Roger Madelin

                                                                        7.   Darren Richards

                                                                        8.   David Walker
 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
 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 instrument, type of financial instrument  Ordinary shares of 25 pence each

     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.   450,101

                                                                        2.   Nil          2.   126,028

                                                                        3.   Nil          3.   126,028

                                                                        4.   Nil          4.   138,672

                                                                        5.   Nil          5.   129,773

                                                                        6.   Nil          6.   123,799

                                                                        7.   Nil          7.   189,642

                                                                        8.   Nil          8.   122,357

 
 d)  Aggregated information

     -      Aggregated volume                                           N/A (single transaction)

     -      Price

 e)  Date of the transaction                                            2024-06-20

 f)  Place of the transaction                                           Outside of a trading venue

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

N/A (single transaction)

e)

Date of the transaction

 

2024-06-20

f)

Place of the transaction

 

Outside of a trading venue

 

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

 

 Enquiries
 Company Secretariat  0207 486 4466

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHKZLBLZQLXBBV