16th Feb 2007 15:58
British Land Co PLC16 February 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 15th February 2007 that they purchased on 14thFebruary 2007 a total of 4,482 ordinary 25p shares at a price of £16.23 pershare under the 'Partnership' and 'Matching' element of the Company's SIP.Under the terms of the SIP each eligible participating employee can contributefrom monthly salary to purchase 'Partnership Shares', and the Company matchesthis by awarding two 'Matching Shares' for every one 'Partnership Share'purchased by participating employees. The SIP has been approved by the InlandRevenue as a share 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 S A M Hester 8 16R E Bowden 8 16G C Roberts 8 16T A Roberts 8 16A M Jones 7 14 Persons Discharging Managerial ResponsibilitiesP C Clarke 8 16A Braine 8 16 16th February 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land