18th Jun 2009 17:07
British Land Co PLC
The Company announces that it received notification, today, that on 17 June 2009 a director and a PDMR were conditionally awarded rights, at nil consideration, to receive Ordinary Shares of 25p each, at a share price of £3.955 per share, under the Company's Fund Managers Performance Plan ('FMPP'), as detailed below.
This award will conditionally vest, subject to any 'claw-back' and subject to continued employment, in three equal tranches on the first, second and third anniversaries of grant.
In accordance with the rules of the Company's Fund Managers Performance Plan, rights awarded to the director and PDMR over Performance Shares and options over ordinary shares, awarded on 29 May 2008, under the Company's Long Term Incentive Plan ('LTIP'), lapsed on 17 June 2009, as detailed below.
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Lapse 29 05 2008 LTIP award |
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Shares awarded under FMPP on 17 06 2009 |
Performance shares |
Options |
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Director |
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Andrew Jones |
189,127 |
51,037 |
204,151 |
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PDMR |
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Valentine Beresford |
42,983 |
25,519 |
25,519 |
Related Shares:
British Land