British Land Co PLC Director/PDMR Shareholding
02 Juli 2024 - 1:00PM
RNS Regulatory News
RNS Number : 7887U
British Land Co PLC
02 July 2024
The British Land Company PLC (the
'Company')
Annual Incentive Plan
In accordance with the Remuneration
Policy approved by shareholders on 12 July 2022 ("the Policy"), on
28 June 2024, one third of the cash bonus awarded to Simon Carter
(after the deduction of income tax and employee NIC) was used to
purchase Ordinary Shares of 25 pence each in the Company
at a price of 408.6p per share. These shares must
be held for a minimum of three years in accordance with the
Policy.
As disclosed on 17 June 2024,
Bhavesh Mistry has informed the Board of his intention to step down
as CFO and Executive Director of the Company. As a result, his
bonus in respect of the financial year ended 31 March 2024
disclosed within the 2024 Remuneration Report was not paid to
Bhavesh and no subsequent share purchase was made on his
behalf.
Details of the purchases referenced
above are included below in accordance with 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
|
Simon Carter
|
2
|
Reason for the notification
|
a)
|
Position/status
|
PDMR - Chief Executive
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 financial instrument,
type of financial instrument
Identification code
|
Ordinary shares of 25 pence
each
GB0001367019
|
b)
|
Nature of the transaction
|
Acquisition of Annual Incentive
Shares under the Annual Incentive Plan.
|
c)
|
Price(s) and volume(s)
|
Price(s) (pence)
|
Volume(s)
|
408.6
|
39,450
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
n/a
|
e)
|
Date of the transaction
|
28 June 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
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END
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