Last checked at 6 Mar 2009 16:59
London & Associated Properties PLC ("the Company")
On 6 March 2009 the Company issued 21,780 shares from Treasury in order to cover requirements of the employee Share Incentive Plan (SIP). The Trustee of the SIP will pay cash of £6,425 to the Company for the shares at 29.5p (being last night's closing mid-price) from accumulated cash dividends which will be distributed to members of the SIP as Dividend Shares.
Directors receiving Dividend Shares in their SIP accounts and their new beneficial holding totals are as follows-
ADDITIONAL NEW TOTAL % OF ISSUED SHARES HOLDING SHARESDirector-R J Corry 1,573 631,403 0.81J A Heller 1,573 1,438,744 1.85M C Stevens 1,573 724,320 0.93
The Company now holds 4,587,685 shares in Treasury. For reporting purposes under section 198 of the Companies Act 1985 the market should exclude any shares held in Treasury and use an issued share capital figure of 77,729,287 shares.
Date 6 March 2009
For further information, please contact:
Michael Stevens
Director/Secretary
London & Associated Properties PLC
Tel: 020 7415 5000
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