15th Nov 2006 14:56
British Land Co PLC15 November 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 15th November 2006 that they purchased on 14thNovember 2006 a total of 4,668 ordinary 25p shares at a price of £15.47 pershare under the 'Partnership' and 'Matching' element of the Company's SIP. Underthe terms of the SIP each eligible participating employee can contribute frommonthly salary to purchase 'Partnership Shares', and the Company matches this byawarding two 'Matching Shares' for every one 'Partnership Share' purchased byparticipating employees. The SIP has been approved by the Inland Revenue as ashare 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 Number of Matching Shares acquired under the SIP acquired under the SIPDirectors Sir John Ritblat 8 16S A M Hester 8 16R E Bowden 8 16G C Roberts 8 16 T A Roberts 8 16A M Jones 8 16 Persons Discharging Managerial ResponsibilitiesP C Clarke 8 16A Braine 8 16 15th November 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land