21st Feb 2006 14:43
British Land Co PLC21 February 2006 Notification of 'Dividend' Share Purchase in the British Land Share IncentivePlan ('SIP') Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees of the British LandSIP, notified the Company on 21st February 2006 that they purchased on 17thFebruary 2006 a total of 2,045 ordinary 25p shares at a price of £11.76 pershare under the 'Dividend' element of the Company's SIP. Under the terms of theSIP net dividends paid on the 'Free', 'Partnership', 'Matching' and 'Dividend'shares held by the Trustees on behalf of eligible participating employees, areused to purchase further 'Dividend' shares for each eligible participatingemployee. 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 Dividend Shares acquired under the SIP DirectorsSir John Ritblat 14J H Weston Smith 14R E Bowden 14G C Roberts 14Persons Discharging Managerial ResponsibilitesT A Roberts 14A Braine 14P Clarke 14 21st February 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land