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Last checked at 
8 Jul 2020 17:48
Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 7 July 2020, 96,890 nil cost options granted under Mark Allan's Recruitment Award Agreement became exercisable. On 8 July 2020, Mark Allan exercised all of these options and sold sufficient to cover tax and national insurance. There were no dividend equivalents accrued during the holding period.
On 8 July 2020, Martin Greenslade and Colette O'Shea exercised all outstanding options under the 2015 Deferred Share Bonus Plan that were awarded in 2019 and which vested, as previously announced, on 25 June 2020. Martin Greenslade sold all shares and repurchased the net amount (post tax and national insurance) through an ISA held in the name of his wife. Colette O'Shea sold sufficient shares to cover tax and national insurance and retained the balance.
Full details of these transactions are set out below.
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Mark Allan | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive 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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Vest of Options granted under the 2017 Recruitment Award | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
|
| £n/a | 96,890 | |
d) | Aggregated information |
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- Aggregated volume | - £ per share n/a |
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- Price | - Total Price £n/a |
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e) | Date of the transaction | 07/07/2020 | ||
f) | Place of the transaction | n/a | ||
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Mark Allan | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive 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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Acquisition of Shares in the Company following the exercise of Options granted under the 2017 Award | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
|
| £n/a | 96,890 | |
d) | Aggregated information |
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- Aggregated volume | - £ per share n/a |
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- Price | - Total Price £n/a |
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e) | Date of the transaction | 08/07/2020 | ||
f) | Place of the transaction | N/A | ||
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Mark Allan | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive 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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Sale of Ordinary Shares in the Company to cover tax liability as a result of exercising the options set out above. | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
|
| £5.563 | 45,630 | |
d) | Aggregated information |
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| |
- Aggregated volume | £5.563 | 45,630 | ||
- Price | Total Price £253,839.69 |
| ||
e) | Date of the transaction | 08/07/2020 | ||
f) | Place of the transaction | London | ||
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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Acquisition of Shares in the Company following the exercise of Options granted under the Company's 2015 Deferred Share Bonus Plan | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
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| £n/a | 16,743 | |
d) | Aggregated information |
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- Aggregated volume | - £ per share n/a |
| ||
- Price | - Total Price £n/a |
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e) | Date of the transaction | 08/07/2020 | ||
f) | Place of the transaction | N/A | ||
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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Purchase of Ordinary Shares in the Company in the name of his wife into ISA. | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
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| £5.680270 | 8,873 | |
d) | Aggregated information |
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- Aggregated volume | £5.680270
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- Price | Total Price
£50,401.04 |
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e) | Date of the transaction | 08/07/2020 | ||
f) | Place of the transaction | London | ||
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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Sale of Ordinary Shares in the Company to (1) cover tax liability as a result of exercising the options set out above and (2) fund the purchase of shares to transfer into wife's ISA. Net effect is sell sufficient to cover tax liability. | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
|
| £5.563 | 16,743 | |
d) | Aggregated information |
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- Aggregated volume | £5.563 | 16,743 | ||
- Price | Total Price £93,141.31 |
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e) | Date of the transaction | 08/07/2020 | ||
f) | Place of the transaction | London | ||
1 | Details of the person discharging managerial responsibilities | |||
a) | Name | Colette O'Shea | ||
2 | Reason for the notification | |||
a) | Position/status | Managing Director, 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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Acquisition of Shares in the Company following the exercise of Options granted under the Company's 2015 Deferred Share Bonus Plan | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
|
| £n/a | 15,448 | |
d) | Aggregated information |
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- Aggregated volume | - £ per share n/a |
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- Price | - Total Price £n/a |
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e) | Date of the transaction | 08/07/2020 | ||
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, 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 | Ordinary Shares | ||
| GB00BYW0PQ60 | |||
b) | Nature of transaction | Sale of Ordinary Shares in the Company to cover tax liability as a result of exercising the options set out above. | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
|
| £5.563 | 7,276 | |
d) | Aggregated information |
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- Aggregated volume | £5.563 | 7,276 | ||
- Price | Total Price £40,476.38 |
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e) | Date of the transaction | 08/07/2020 | ||
f) | Place of the transaction | London | ||
For further information, please contact:
Land Securities Group PLC
Tim Ashby
Group General Counsel & Company Secretary
Tel: +44(0) 20 7024 5256
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