17th Oct 2006 15:38
British Land Co PLC17 October 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 17th October 2006 that they purchased on 16thOctober 2006 a total of 5,169 ordinary 25p shares at a price of £14.18 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 Number of Matching Shares acquired under the SIP acquired under the SIP DirectorsSir John Ritblat 9 18S A M Hester 9 18 R E Bowden 9 18 G C Roberts 9 18T A Roberts 9 18A M Jones 9 18 Persons Discharging Managerial ResponsibilitiesP C Clarke 9 18A Braine 9 18 17th October 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land