Last checked at 5 Jul 2023 14:15
Director/PDMR Shareholding
The British Land Company PLC (the "Company") announces that on 3 July 2023, Bhavesh Mistry, Chief Financial Officer, sold 6,310 ordinary shares of 25 pence each. This followed the vesting of 13,396 performance shares in the Company which were granted to Bhavesh on 19 July 2021 under the Company's Long Term Incentive Plan to replace pre-existing awards from a previous employer that he forfeited in order to join the Company, as previously disclosed on 21 July 2021.
The original award comprised 121,787 performance shares and was subject to the same performance conditions as the 2020 British Land LTIP grants which vested at a rate of 11% as disclosed on 27 June 2023. Bhavesh sold 6,310 shares to settle tax and national insurance and associated dealing fees arising on the vesting and retained the balance of 7,086 shares which he must continue to hold for at least two years in accordance with the terms of the grant. The remaining 108,391 performance shares lapsed.
This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
Enquiries: | |
Company Secretariat British Land | 020 7486 4466 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Bhavesh Mistry | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | 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 the financial instrument, type of instrument Identification code | Ordinary shares of 25 pence each
GB0001367019 | ||||||
b) | Nature of the transaction | Sale of shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A | ||||||
e) | Date of the transaction | 3 July 2023 | ||||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||||