Last checked at 27 Jun 2023 14:00
The British Land Company plc (the "Company")
Restricted Share Plan and Long-Term Incentive Plan Vesting
On 22 June 2023 conditional awards of Ordinary Shares of 25 pence each in the Company, that were granted on 22 June 2020 under the Company's Restricted Share Plan ("RSP") and Long-Term Incentive Plan ("LTIP"), vested. The awards granted under the RSP were not subject to performance conditions and vested in full. The awards granted under the LTIP vested at a rate of 11% following the partial satisfaction of performance conditions that were attached to them.
Subsequent sales that were made by Persons Discharging Managerial Responsibilities ("PDMRs") upon the awards' vesting are detailed below. The shares retained by Simon Carter must be held for at least two years in accordance with the terms of the grant that apply to Executive Directors.
Name of PDMR | Number of shares that vested under the RSP | Number of shares that vested under the LTIP | Number of shares sold | Number of shares retained |
Emma Cariaga | 23,338 | 5,776 | 13,712 | 15,402 |
Simon Carter | - | 30,009 | 14,133 | 15,876 |
Kelly Cleveland | 14,548 | - | 6,852 | 7,696 |
David Lockyer | 23,338 | 5,776 | 29,114 | 0 |
Roger Madelin | 24,282 | 6,009 | 30,291 | 0 |
Brona McKeown | 23,805 | 5,891 | 13,986 | 15,710 |
Darren Richards | 32,647 | 8,080 | 19,181 | 21,546 |
David Walker | 19,398 | - | 9,136 | 10,262 |
Nigel Webb | 25,496 | 6,310 | 14,980 | 16,826 |
This disclosure is made in accordance with the UK Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name
| 1. Emma Cariaga 2. Simon Carter 3. Kelly Cleveland 4. David Lockyer 5. Roger Madelin 6. Brona McKeown 7. Darren Richards 8. David Walker 9. Nigel Webb
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2 | Reason for the notification | |||||
a) | Position/status
| 1. PDMR - Executive Committee member 2. PDMR - Chief Executive 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
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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
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b) | Nature of the transaction
| Sale of ordinary shares of 25 pence each upon the vesting of conditional share awards
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c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction
| 2023-06-22 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON) | ||||