31st May 2007 17:10
British Land Co PLC31 May 2007 The Company announces that it received notification today from the Trustees ofThe British Land Share Ownership Plan (the 'Trust') that on 30th May 2007 theTrust purchased 482,677 Ordinary Shares of 25p each of the Company at an averageprice of £14.19 pence per share. The British Land Share Ownership Plan is adiscretionary trust established for the benefit of employees, includingexecutive Directors and Persons Discharging Managerial Responsibilities, of theCompany, to facilitate the operation of its share incentive schemes. Directorsof the Company and Persons Discharging Managerial Responsibilities, who areparticipants in these schemes, are consequently considered to be interested inthe shares held by the Trust, as discretionary beneficiaries. Also, on 30th May 2007, Andrew Jones, was conditionally awarded a right toreceive 83,584 Ordinary Shares of 25p each, at nil consideration, under theCompany's Fund Managers Performance Plan. This award will conditionally vest,subject to any 'claw-back' and subject to continued employment, in three equaltranches on the first, second and third anniversaries of grant. In accordancewith the rules of the Company's Fund Managers Performance Plan, rights awardedto Andrew Jones over 13,898 Performance Shares and options over 41,693 shares(awarded on 30th May 2006) at an exercise price of 1252p per share and 13,898options over shares at an exercise price of 1316p per share (awarded on 14thJuly 2006), under the Company's Long Term Incentive Plan, lapse. 31st May 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land