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Last checked at 
17 Jun 2026 14:41
The British Land Company plc (the "Company")
Restricted Share Plan and Long-Term Incentive Plan Vesting
On 15 June 2026, conditional awards over Ordinary Shares of 25 pence each in the Company, granted on 15 June 2023 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 54% following the partial satisfaction of the applicable performance conditions.
Details of subsequent sales by Persons Discharging Managerial Responsibilities ("PDMRs") following the vesting of the awards are set out below. Where shares were retained, the number of shares sold were to satisfy tax, national insurance and associated dealing fees arising on vesting. The shares retained by David Walker must be held for at least two years.
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 | - | 86,391 | 86,391 | - |
Kelly Cleveland | - | 86,391 | 40,686 | 45,705 |
David Lockyer | - | 86,671 | 86,671 | - |
Brona McKeown | - | 88,959 | 41,895 | 47,064 |
David Walker | - | 76,885 | 36,209 | 40,676 |
Michael Wiseman | 29,585 | - | 29,585 | - |
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. Kelly Cleveland 3. David Lockyer 4. Brona McKeown 5. David Walker 6. Michael Wiseman | ||||
2 | Reason for the notification | |||||
a) | Position/status
| 1. PDMR - Executive Committee member 2. PDMR - Executive Committee member 3. PDMR - Executive Committee member 4. PDMR - Executive Committee member 5. PDMR - Chief Financial Officer 6. 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
| Sale of ordinary shares of 25 pence each upon the vesting of conditional share awards
| ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction
| 2026-06-15 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
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