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3 Jul 2017 15:59
Land Securities Group PLC
("Company")
Notification of transactions by
Persons Discharging Managerial Responsibilities ("PDMRs")
On 3 July 2017, Land Securities Group PLC ("Landsec" or the "Company") was notified of the following transactions in its ordinary shares of 10p each ("Shares") by Executive Directors* and other PDMRs.
On 3 July 2017, Nil Cost Options (the "Options") granted under the Company's Long Term Incentive Plan ("LTIP") on 1 July 2014 to the PDMRs listed below vested and became exercisable between 3 July 2017 and 30 June 2024.
The LTIP and MSP awards normally vest on the third anniversary of grant subject to the Company's achievement of certain Total Shareholder Return and Total Property Return performance conditions (which apply to each 50% of the award) for the three-year financial period ended 31 March 2017, as more particularly set out in the Directors' Remuneration Report to the Company's 2017 Annual Report. The Company's performance achievement resulted in an aggregate vesting of 50% of the maximum award (as reported).
Name
Martin Greenslade* 69,430
Robert Noel* 102,638
Colette O'Shea 33,685
Scott Parsons 33,685
Enquiries to:
Tim Ashby, Group General Counsel and Company Secretary
Land Securities Group plc
Tel: 020 7024 5256
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Martin Greenslade | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Financial Officer | ||
b) | Initial notification/Amendment | Initial | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Land Securities Group PLC | ||
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 | - Shares | ||
- GB0031809436 | ||||
b) | Nature of transaction | Vest of Options granted under the Company's Long Term Incentive Plan on 1 July 2014.
| ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£n/a | 69,430 | |||
d) | Aggregated information | |||
- Aggregated volume | - £ per share n/a | 69,430 | ||
- Price | - Total Price £n/a | |||
e) | Date of the transaction | 03/07/2017 | ||
f) | Place of the transaction | n/a | ||
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Robert Noel | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive | ||
b) | Initial notification/Amendment | Initial | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Land Securities Group PLC | ||
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 | - Shares | ||
- GB0031809436 | ||||
b) | Nature of transaction | Vest of Options granted under the Company's Long Term Incentive Plan on 1 July 2014.
| ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£n/a | 102,638 | |||
d) | Aggregated information | |||
- Aggregated volume | - £ per share n/a | 102,638 | ||
- Price | - Total Price £n/a | |||
e) | Date of the transaction | 03/07/2017 | ||
f) | Place of the transaction | n/a | ||
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Colette O'Shea | ||
2 | Reason for the notification | |||
a) | Position/status | Managing Director, London Portfolio | ||
b) | Initial notification/Amendment | Initial | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Land Securities Group PLC | ||
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 | - Shares | ||
- GB0031809436 | ||||
b) | Nature of transaction | Vest of Options granted under the Company's Long Term Incentive Plan on 1 July 2014.
| ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£n/a | 33,685 | |||
d) | Aggregated information | |||
- Aggregated volume | - £ per share n/a | 33,685 | ||
- Price | - Total Price £n/a | |||
e) | Date of the transaction | 03/07/2017 | ||
f) | Place of the transaction | n/a | ||
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Scott Parsons | ||
2 | Reason for the notification | |||
a) | Position/status | Managing Director, Retail Portfolio | ||
b) | Initial notification/Amendment | Initial | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Land Securities Group PLC | ||
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 | - Shares | ||
- GB0031809436 | ||||
b) | Nature of transaction | Vest of Options granted under the Company's Long Term Incentive Plan on 1 July 2014.
| ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£n/a | 33,685 | |||
d) | Aggregated information | |||
- Aggregated volume | - £ per share n/a | 33,685 | ||
- Price | - Total Price £n/a | |||
e) | Date of the transaction | 03/07/2017 | ||
f) | Place of the transaction | n/a | ||
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