Source - LSE Regulatory
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 £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 Identification code

-     Shares

 

 

-     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)

 

 

 

 £6.954

 26,959

 
 

d)

Aggregated information

 

 

 

 

 

 

 

-      Aggregated volume

 

 

 

-      Price

Total Price £187,476

 

 

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 Identification code

-     Shares

 

 

-     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)

 

 

 

  £6.954

 345,125

 
 

d)

Aggregated information

 

 

 

 

 

 

 

-      Aggregated volume

 

 

 

-      Price

Total Price £2,400,000

 

 

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 Identification code

-     Shares

 

 

-     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)

 

 

 

  £6.954

16,773

 

 
 

d)

Aggregated information

 

 

 

 

 

 

 

-      Aggregated volume

 

 

 

-      Price

Total Price £116,640

 

 

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 Identification code

-     Shares

 

 

-     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)

 

 

 

 £6.954

172,562

 
 

d)

Aggregated information

 

 

 

 

 

 

 

-      Aggregated volume

 

 

 

-      Price

Total Price £1,200,000

 

 

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 Identification code

-     Shares

 

 

-     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)

 

 

 

 £6.954

211,389

 
 

d)

Aggregated information

 

 

 

 

 

 

 

-      Aggregated volume

 

 

 

-      Price

Total Price £1,470,000

 

 

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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