15th Jun 2006 16:24
British Land Co PLC15 June 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 15th June 2006 that they purchased on 14th June2006 a total of 6,186 ordinary 25p shares at a price of £11.83 per share underthe 'Partnership' and 'Matching' element of the Company's SIP. Under the termsof the SIP each eligible participating employee can contribute from monthlysalary 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 Sir John Ritblat 11 22S A M Hester 10 20J H Weston Smith 11 22R E Bowden 11 22G C Roberts 11 22Persons Discharging Managerial ResponsibilitiesT A Roberts 11 22A Braine 11 22P C Clarke 11 22A M Jones 10 20 15th June 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land