12th Jun 2006 15:44
British Land Co PLC12 June 2006 The Company announces that it today received notification from the Trustees ofThe British Land Share Ownership Plan (the 'Trust') that on 12th June 2006 theTrust released 587,625 ordinary 25p shares of the Company to participants of theCompany's Restricted Share Plan, pursuant to an award made on 12th June 2003,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 today from the Trustees that, of theabove shares released by the Trust, 22,500 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 22,500 shares, all at a price of 1,225.4685p pershare. 12th June 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land