Long-Term Incentive Plan ('LTIP') Grant
The British Land Company PLC (the 'Company') announces that on 19 July 2022 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') as outlined below.
| | Performance Shares at nil consideration |
| Directors/PDMRs | |
| Simon Carter | 411,121 |
| Bhavesh Mistry | 268,599 |
| Emma Cariaga | 115,113 |
| Stacey Clark | 62,840 |
| Kelly Cleveland | 105,521 |
| Sally Jones | 152,037 |
| David Lockyer | 111,276 |
| Brona McKeown | 118,534 |
| Roger Madelin | 113,077 |
| Darren Richards | 173,219 |
| David Walker | 98,806 |
| Nigel Webb | 118,731 |
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.
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. Bhavesh Mistry 3. Emma Cariaga 4. Stacey Clark 5. Kelly Cleveland 6. Sally Jones 7. David Lockyer 8. Brona McKeown 9. Roger Madelin 10. Darren Richards 11. David Walker 12. Nigel Webb
| ||||
| 2 | Reason for the notification | |||||
| a) | Position/status
| 1. PDMR - Chief Executive Officer 2. PDMR - Chief Financial Officer 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 12. 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
Identification code
| Ordinary shares of 25 pence each
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)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price
|
N/A (single transaction) | ||||
| e) | Date of the transaction
| 2022-07-19 | ||||
| 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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