TIDMBLND

RNS Number : 4313S

British Land Co PLC

08 July 2020

Save As You Earn ("SAYE") Option Scheme

The British Land Company PLC (the "Company") announces that Emma Cariaga, Stacey Clark, Ann Henshaw and David Lockyer (each a Person Discharging Managerial Responsibilities of the Company) were granted options over the Company's ordinary shares of 25 pence each under the Company's SAYE Option Scheme on 7 July 2020, as detailed in the table below:

 
                  Options    Option price   SAYE contract      Option exercise 
                   granted    (pence)        commences          period commences 
 Emma Cariaga     3,750      336            1 September 2020   1 September 2023 
                 ---------  -------------  -----------------  ------------------ 
 Stacey Clark     5,357      336            1 September 2020   1 September 2023 
                 ---------  -------------  -----------------  ------------------ 
 Ann Henshaw      5,357      336            1 September 2020   1 September 2023 
                 ---------  -------------  -----------------  ------------------ 
 David Lockyer    6,250      336            1 September 2020   1 September 2025 
                 ---------  -------------  -----------------  ------------------ 
 

The permitted exercise period for SAYE options is six months, commencing on the dates listed above. No consideration was paid for the grant of these options.

These transactions took place outside a trading venue.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                        1. Emma Cariaga 
                                                   2. Stacey Clark 
                                                   3. Ann Henshaw 
                                                   4. David Lockyer 
     -------------------------------  ------------------------------------------- 
 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 
     -------------------------------  ------------------------------------------- 
 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         Ordinary shares of 25 pence each 
       instrument, type of              GB0001367019 
       financial instrument 
       Identification code 
     -------------------------------  ------------------------------------------- 
 b)   Nature of the transaction        Grant of options under the Save As 
                                        You Earn Option Scheme 
     -------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                                        --------------- 
                                               1. Nil         1. 3,750 
                                                2. Nil         2. 5,357 
                                                3. Nil         3. 5,357 
                                                4. Nil         4. 6,250 
                                         -------------  --------------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information       N/A (single transaction) 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          2020-07-07 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------- 
 

This notification is made in accordance with the requirements of the EU Market Abuse Regulation. The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.

 
 Enquiries: 
 Company Secretariat, British 
  Land                           020 7486 4466 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 08, 2020 08:43 ET (12:43 GMT)

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