20th Feb 2007 14:34
British Land Co PLC20 February 2007 Notification of 'Dividend' Share Purchase in the British Land Share IncentivePlan ('SIP') Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees of the British LandSIP, notified the Company on 19th February 2007 that they purchased on 16thFebruary 2007 a total of 1,732 ordinary 25p shares at a price of £16.41 pershare under the 'Dividend' element of the Company's SIP. Under the terms of theSIP net dividends paid on the 'Free', 'Partnership', 'Matching' and 'Dividend'shares held by the Trustees on behalf of eligible participating employees, areused to purchase further 'Dividend' shares for each eligible participatingemployee. 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 Dividend Shares acquired under the SIPDirectorsS A M Hester 1R E Bowden 12G C Roberts 12T A Roberts 12A M Jones 3Persons Discharging Managerial ResponsibilitesA Braine 12P Clarke 12 20th February 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land