9th Sep 2013 13:48
LONDON (Alliance News) - British Land Company PLC Monday said its chief executive and a number of directors sold shares that were granted under bonus schemes and matching shares plan.
The property investment company said bonus shares purchased on March 31, 2010 were released under the plan and matching shares vested after two performance-related tests were passed.
Chief Executive Chris Griss sold 62,698 shares of those gained under the schemes; Head of Retail Charles Maudsley sold 3,472 shares, Head of Offices Tim Roberts sold 26,135 shares; Head of Strategy and Residential Jean Vandevivere sold 11,437 shares; and Head of Developments Nigel Webb sold 12,418.
All of the shares were sold at a price of 546.36 pence per share. The remaining shares were retained, aside from Tim Roberts who transferred all his remaining 45,695 shares to his wife, Sarah, and Nigel Webb, who transferred his remainder to his wife Philippa.
British Land shares were Monday quoted at 555 pence per share, up 5.50 pence, or 1%.
Directors Bonus Matching
Chris Grigg: 39,366 133,028
Charles Maudsley 2,178 7,360
Tim Roberts 16,402 55,428
PDMRs
Jean-Marc Vandevivere 7,176 24,248
Nigel Webb 7,791 26,328
By Samuel Agini; [email protected]; @samuelagini
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