11th Jan 2005 15:03
British Land Co PLC11 January 2005 The Company announces that it yesterday received notification from BL ESOPLimited, Trustees of The British Land Share Ownership Plan that 112,500 ordinary25p shares of the Company were released for nil consideration to G C Roberts, adirector of the Company, on 10th January 2005. The release is pursuant to anaward made on 9th January 2002, under the Company's Restricted Share Plan, whichvested yesterday on attainment of the performance target. Following thevesting, Mr Roberts sold 68,250 of these shares at an average price of 872.5pence per share, on 10th January 2005. The British Land Share Ownership Plan is a discretionary trust established forthe benefit of employees, including executive directors of the Company, tofacilitate the operation of its long-term share incentive schemes. Therefore,all the executive directors are taken as interested in this release in theircapacity as members of the class of discretionary beneficiaries of the trust. 11th January 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land