Long-Term Incentive Plan ('LTIP') Vesting
The British Land Company PLC (the 'Company') announces that it has received notification from the trustees of The British Land Employee Share Ownership Plan that, on 05 December 2016, awards over ordinary shares of 25 pence each in the Company ('Shares') and options to purchase Shares at a price of 600 pence per share ('Options'), granted under the LTIP to Persons Discharging Managerial Responsibilities ('PDMRs') of the Company on 05 December 2013, vested, as detailed below:
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| Vesting LTIP Awards | |
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| Shares | Options |
| PDRMs | ||
| Sally Jones | 2,815 | - |
| Darren Richards | 3,594 |
14,379 |
Following the vesting Sally Jones sold 2,815 Shares and Darren Richards sold 1,695 Shares to cover his tax liability. Both of these sales took place at a price of 587.1275 pence per share.
The above transactions took place in London (XLON) and the Company was notified on 05 December 2015.
This notification is made under Article 19.3 of the Market Abuse Regulation.
| Enquiries: |
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Company Secretariat, British Land |
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