Last checked at 6 Aug 2020 10:52
The British Land Company PLC (the 'Company')
Annual Incentive Plan
Following the decision to defer Executive Director bonuses, the Remuneration Committee confirmed that the estimated bonus levels within the 2020 Annual Report could be paid.
In accordance with the Remuneration Policy approved by shareholders on 19 July 2019 ("the Policy"), on 5 August 2020, one third of the cash bonus awarded to the Executive Directors was used to purchase ordinary shares of 25 pence each in the Company at a price of 380.610p per share. These shares must be held for a minimum three years, in accordance with the Policy.
Director | Shares purchased |
Chris Grigg | 16,664 |
Simon Carter | 9,726 |
In addition to the purchases referenced above, Simon Carter elected to use the remaining cash element of his bonus to purchase an additional 19,452 ordinary shares of 25 pence each in the Company at a price of 380.61p per share.
Details of the purchases referenced above are included below in accordance with the Market Abuse Regulation.
Enquiries: |
|
Company Secretariat, British Land | 020 7486 4466 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name
| Chris Grigg
| ||||
2 | Reason for the notification | |||||
a) | Position/status
| PDMR - Chief Executive Officer
| ||||
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
| Acquisition of Annual Incentive Shares under the Annual Incentive Plan
| ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price
| N/A (single transaction) | ||||
e) | Date of the transaction
| 5 August 2020 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name
| Simon Carter | ||||
2 | Reason for the notification | |||||
a) | Position/status
| PDMR - Chief Financial Officer
| ||||
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
| 1. Acquisition of Annual Incentive Shares under the Annual Incentive Plan 2. Acquisition of Shares using the remaining cash element of his bonus. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price
|
29,178 380.610 | ||||
e) | Date of the transaction
| 5 August 2020 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON) | ||||