17th Jan 2007 15:21
British Land Co PLC17 January 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 today that they purchased on 15th January 2007 a totalof 4,605 ordinary 25p shares at a price of £15.90 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 SIPDirectorsS A M Hester 7 14R E Bowden 8 16G C Roberts 8 16T A Roberts 8 16A M Jones 8 16 Persons Discharging Managerial ResponsibilitiesP C Clarke 8 16A Braine 8 16 17th January 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land