TIDMLAND

RNS Number : 0495U

Land Securities Group PLC

24 July 2020

Land Securities Group PLC

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

On 24 July 2020, the PDMRs listed below (who are all Executive Directors) acquired an interest in Options over the Company's Shares following the grant of awards. Martin Greenslade and Colette O'Shea were granted awards under the Company's Deferred Share Bonus Plan (DSB) and the Company's Long-Term Incentive Plan (LTIP). Mark Allan was granted awards under the Company's LTIP. The numbers of Options were calculated by reference to a price of GBP5.472, being the Company's middle market closing price for a Share on 23 July 2020.

DSB: Awards granted in accordance with the Company's DSB follow the deferral of 100% of the PDMR's bonus entitlement for the year ended 31 March 2020. Subject to continued employment with Landsec, the PDMRs will become entitled to exercise the Options arising from the DSB between 24 July 2021 and 23 July 2025.

LTIP: LTIP 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 for the three-year financial period ending 31 March 2023. The figures shown below are the maximum entitlement should the awards vest in full. Subject to continued employment with Landsec and the scheme rules, the PDMRs will become entitled to exercise the Options arising from the LTIP between 24 July 2023 and 23 July 2030.

 
  1    Details of the person discharging managerial responsibilities 
      -------------------------------------------------------------------------- 
 a)    Name                                      Mark Allan 
      ---------------------------------------  --------------------------------- 
  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            *    Shares 
        Identification code 
---- 
 
                                                  *    GB00BYW0PQ60 
----  --------------------------------------- 
 b)    Nature of transaction                    Award of Nil Cost Options 
                                                 over the Company's Shares 
                                                 under the Long Term Incentive 
                                                 Plan. 
      ---------------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)                   Price(s)             Volume(s) 
      ---------------------------------------  -------------------  ------------ 
 
                                                GBP5.472             438,596 
 --------------------------------------------  -------------------  ------------ 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                  Total Price 
                                                 GBP2,400,000 
      --------------------------------------- 
 e)    Date of the transaction                   24/07/2020 
      ---------------------------------------  --------------------------------- 
 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             *    Shares 
        Identification code 
---- 
 
                                                   *    GB00BYW0PQ60 
----  ---------------------------------------- 
 b)    Nature of transaction                     Award of Nil Cost Options 
                                                  over the Company's Shares 
                                                  under the Deferred Share 
                                                  Bonus Plan. 
      ----------------------------------------  ----------------------------- 
 c)    Price(s) and volume(s)                    Price(s)         Volume(s) 
      ----------------------------------------  ---------------  ------------ 
 
                                                 GBP5.472           65,400 
 ---------------------------------------------  ---------------  ------------ 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                   Total Price 
                                                  GBP357,872 
      ---------------------------------------- 
 e)    Date of the transaction                    24/07/2020 
      ----------------------------------------  ----------------------------- 
 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            *    Shares 
        Identification code 
---- 
 
                                                  *    GB00BYW0PQ60 
----  --------------------------------------- 
 b)    Nature of transaction                    Award of Nil Cost Options 
                                                 over the Company's Shares 
                                                 under the Long Term Incentive 
                                                 Plan. 
      ---------------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)                   Price(s)             Volume(s) 
      ---------------------------------------  -------------------  ------------ 
 
                                                GBP5.472             290,570 
 --------------------------------------------  -------------------  ------------ 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                  Total Price 
                                                 GBP1,590,000 
      --------------------------------------- 
 e)    Date of the transaction                   24/07/2020 
      ---------------------------------------  --------------------------------- 
 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, London 
                                                  and Retail Portfolios 
      ----------------------------------------  ----------------------------- 
 
 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             *    Shares 
        Identification code 
---- 
 
                                                   *    GB00BYW0PQ60 
----  ---------------------------------------- 
 b)    Nature of transaction                     Award of Nil Cost Options 
                                                  over the Company's Shares 
                                                  under the Deferred Share 
                                                  Bonus Plan. 
      ----------------------------------------  ----------------------------- 
 c)    Price(s) and volume(s)                    Price(s)         Volume(s) 
      ----------------------------------------  ---------------  ------------ 
 
                                                 GBP5.472           60,463 
 ---------------------------------------------  ---------------  ------------ 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                   Total Price 
                                                  GBP330,854 
      ---------------------------------------- 
 e)    Date of the transaction                    24/07/2020 
      ----------------------------------------  ----------------------------- 
 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, London 
                                                 and Retail Portfolios 
      ---------------------------------------  --------------------------------- 
 
 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            *    Shares 
        Identification code 
---- 
 
                                                  *    GB00BYW0PQ60 
----  --------------------------------------- 
 b)    Nature of transaction                    Award of Nil Cost Options 
                                                 over the Company's Shares 
                                                 under the Long Term Incentive 
                                                 Plan. 
      ---------------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)                   Price(s)             Volume(s) 
      ---------------------------------------  -------------------  ------------ 
 
                                                GBP5.472             219,298 
 --------------------------------------------  -------------------  ------------ 
 d)    Aggregated information 
 
       - Aggregated volume 
       - Price                                  Total Price 
                                                 GBP1,200,000 
      --------------------------------------- 
 e)    Date of the transaction                   24/07/2020 
      ---------------------------------------  --------------------------------- 
 f)    Place of the transaction                  N/A 
      ---------------------------------------  --------------------------------- 
 

For further information, please contact:

Land Securities Group PLC

Tim Ashby

Group General Counsel & Company Secretary

Tel: +44(0) 20 7024 5256

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 24, 2020 07:30 ET (11:30 GMT)

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