18th Apr 2005 10:03
British Land Co PLC18 April 2005 Notification of monthly investment in the British Land Share Incentive Plan('SIP') Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees of the British LandSIP, have notified the Company that they purchased on 14th April 2005 a total of14,685 ordinary 25p shares at a price of 818 pence per share under the'Partnership' and 'Matching' element of the Company's SIP. Under the terms ofthe SIP each eligible participating employee can contribute from monthly salaryto purchase 'Partnership Shares', and the Company matches this by awarding two'Matching Shares' for every one 'Partnership Share' purchased by participatingemployees. The SIP has been approved by the Inland Revenue as a share incentiveplan under Schedule 8 of the Finance Act 2000. As participants in the SIP the executive directors named below are deemed tohave an interest in the shares held by the Trustees. The Company also received notification from the Trustees, that of the aboveshares acquired by the Trustees, the shares purchased on behalf of the Company'sexecutive directors were as follows: Name Number of Partnership Shares Number of Matching Shares acquired under the SIP acquired under the SIPJ H Ritblat 15 30J H Weston Smith 15 30N S J Ritblat 15 30R E Bowden 15 30G C Roberts 15 30 18th April 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land