17th May 2006 14:07
British Land Co PLC17 May 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 16th May 2006 that they purchased on 15th May 2006a total of 5,706 ordinary 25p shares at a price of £12.68 per share under the'Partnership' and 'Matching' element of the Company's SIP. Under the terms ofthe SIP each eligible participating employee can contribute from monthly salaryto purchase 'Partnership Shares', and the Company matches this by awarding two'Matching Shares' for every one 'Partnership Share' purchased by participatingemployees. 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 Partnership Shares Number of Matching Shares acquired under the SIP acquired under the SIPDirectorsSir John Ritblat 10 20J H Weston Smith 10 20R E Bowden 10 20G C Roberts 10 20Persons Discharging Managerial ResponsibilitiesT A Roberts 10 20A Braine 10 20P C Clarke 10 20A M Jones 10 20 17th May 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land