17th Oct 2005 16:16
British Land Co PLC17 October 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 October 2005 a totalof 6,867 ordinary 25p shares at a price of £9.07 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 and the persons dischargingmanagerial responsibilities named below are deemed to have an interest in theshares 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 and persons discharging managerial responsibilities were asfollows: Number of Partnership Shares Number of Matching Shares acquired under the SIP acquired under the SIPDirectors J H Ritblat 14 28J H Weston Smith 14 28 R E Bowden 14 28G C Roberts 14 28Persons Discharging Managerial ResponsibilitiesT A Roberts 14 28A Braine 14 28P Clarke 14 28 17th October 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land