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Pin to quick picksBritish Land Regulatory News (BLND)

Share Price Information for British Land (BLND)

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Director/PDMR Shareholding

5 Jul 2023 14:15

RNS Number : 0876F
British Land Co PLC
05 July 2023
 

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)

Nature of Transaction

Price(s)

Volume(s)

Sale

306.08p

13,396

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)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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