21st Dec 2005 17:49
British Land Co PLC21 December 2005 The Company announces that it yesterday received notification from the Trusteesof The British Land Share Ownership Plan (the 'Trust') that on 20th December2005 the Trust released 385,875 ordinary 25p shares of the Company toparticipants of the Company's Restricted Share Plan, pursuant to an award madeon 20th December 2002, which vested on attainment of the performance target. The Trust is a discretionary trust established for the benefit of employees,including executive Directors and Persons Discharging ManagerialResponsibilities, of the Company, to facilitate the operation of its shareincentive schemes. Directors of the Company and Persons Discharging ManagerialResponsibilities, who are participants in these schemes are consequentlyconsidered to be interested in the shares held by the Trust, as discretionarybeneficiaries. The Company also received notification yesterday from the Trustees that, of theabove shares released by the Trust, 11,250 shares were released to each of ABraine, P C Clarke and T A Roberts, Persons Discharging ManagerialResponsibilities of the Company. Following this vesting, A Braine, P C Clarkeand T A Roberts each sold 11,250 shares, all at a price of 1,033.1601p pershare. 21st December 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land