17th Aug 2007 15:26
British Land Co PLC17 August 2007 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 August 2007 that they purchased on 14th August2007 a total of 5,607 ordinary 25p shares at a price of £12.26 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 Number of Matching Shares acquired under the SIP acquired under the SIP Directors S A M Hester 10 20R E Bowden 10 20G C Roberts 10 20T A Roberts 10 20A M Jones 11 22 Persons Discharging Managerial Responsibilities P C Clarke 10 20A Braine 10 20N M Webb 10 20V T Beresford 11 22 17th August 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land