18th Jul 2006 12:57
British Land Co PLC18 July 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 18th July 2006 that they purchased on 14th July2006 a total of 5,706 ordinary 25p shares at a price of £12.88 per share underthe 'Partnership' and 'Matching' element of the Company's SIP. Under the termsof the SIP each eligible participating employee can contribute from monthlysalary 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 Sir John Ritblat 10 20S A M Hester 10 20R E Bowden 10 20G C Roberts 10 20T A Roberts 10 20A M Jones 10 20Persons Discharging Managerial ResponsibilitiesP C Clarke 10 20A Braine 10 20 18th July 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land