Land Securities Group PLC Director/PDMR Shareholding (0495U)
24 Julio 2020 - 6:30AM
UK Regulatory
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
DSHFZLFLBDLFBBV
(END) Dow Jones Newswires
July 24, 2020 07:30 ET (11:30 GMT)
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