6th Dec 2005 17:07
British Land Co PLC06 December 2005 The British Land Company PLC has made the following conditional awards toPersons Discharging Managerial Responsibilities, of the Company's OrdinaryShares of 25p each under the Company's Long Term Incentive Plan, pursuant to arecommendation of the Company's Remuneration Committee, on 5th December 2005. Person Discharging Managerial Performance Shares at nil Options (Inland Revenue Options (Inland RevenueResponsibilities consideration unapproved) at 994p per approved) at 994p per share share T A Roberts 6,036 18,108 A M Jones 5,658 30,935 3,018 P C Clarke 7,796 11,695 A Braine 7,469 11,204 The above performance shares conditionally vest on their third anniversary ofgrant. The options are conditionally exercisable from the third until the tenthanniversary of grant. It is also announced that The British Land Share Ownership Plan purchased112,000 ordinary shares of the Company at an average price of 1004.5 pence pershare on 5th December 2005. 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. 6th December 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land