18th Feb 2008 09:48
British Land Co PLC18 February 2008 Notification of monthly investment in the British Land Share Incentive Plan ('SIP') Equiniti Share Plan Trustees Limited (the 'Trustees'), Trustees of the BritishLand SIP, notified the Company on 15th February 2008 that they purchased on 15thFebruary 2008 a total of 6,963 ordinary 25p shares at a price of £9.84 per shareunder the 'Partnership' and 'Matching' element of the Company's SIP. Under theterms 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 acquired Number of Matching Shares under the SIP acquired under the SIPDirectors S A M Hester 13 26G C Roberts 13 26T A Roberts 13 26A M Jones 12 24Persons Discharging Managerial ResponsibilitiesP C Clarke 13 26A Braine 13 26V T Beresford 12 24N M Webb 13 26 15th February 2008. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land