19th Dec 2006 16:54
British Land Co PLC19 December 2006 Notification of monthly investment in the British Land Share Incentive Plan ('SIP') Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees of the British LandSIP, notified the Company on 19th December 2006 that they purchased on 14thDecember 2006 a total of 4,371 ordinary 25p shares at a price of £16.20 pershare under the 'Partnership' and 'Matching' element of the Company's SIP.Under the terms of the SIP each eligible participating employee can contributefrom monthly salary to purchase 'Partnership Shares', and the Company matchesthis by awarding two 'Matching Shares' for every one 'Partnership Share'purchased by participating employees. The SIP has been approved by the InlandRevenue as a share incentive plan 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 acquired Number of Matching Shares under the SIP acquired under the SIPDirectors Sir John Ritblat 7 14S A M Hester 8 16R E Bowden 7 14G C Roberts 7 14T A Roberts 7 14A M Jones 8 16Persons Discharging Managerial ResponsibilitiesP C Clarke 7 14A Braine 7 14 19th December 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land