17th Jan 2006 15:02
British Land Co PLC17 January 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 January 2006 that they purchased on 16thJanuary 2006 a total of 6,015 ordinary 25p shares at a price of £10.63 per shareunder the 'Partnership' and 'Matching' element of the Company's SIP. Under theterms of the SIP each eligible participating employee can contribute frommonthly salary 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 SIPDirectors J H Ritblat 12 24J H Weston Smith 12 24R E Bowden 12 24G C Roberts 12 24Persons Discharging Managerial ResponsibilitiesT A Roberts 12 24A Braine 12 24P Clarke 12 24 17th January 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land