16th Jul 2007 17:00
British Land Co PLC16 July 2007 The Company announces that it received notification today from the Trustees ofThe British Land Share Ownership Plan (the 'Trust') that on 16th July 2007 theTrust released 229,942 ordinary 25p shares of the Company to participants in theCompany's Fund Managers' Performance Plan (the 'Plan'), pursuant to an awardmade on 14th July 2006, which vested today in accordance with the Plan's rules 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. Executive Directors and Persons Discharging ManagerialResponsibilities of the Company who are participants in these schemes areconsequently considered to be interested in the shares held by the Trust, asdiscretionary beneficiaries. The Trust also notified the Company today, of the above shares released by theTrust, 56,976 were released to Andrew Jones, an Executive Director and 51,278 toValentine Beresford, a Person Discharging Managerial Responsibilities.Following this vesting Andrew Jones sold 23,361 shares and Valentine Beresfordsold 51,278 shares, both sales at an average price of 1,366.5673 pence per share The Company also received notification on 16th July 2007 that Tony Braine, aPerson Discharging Managerial Responsibilities of the Company, sold 10,000shares on 13th July 2007, at a price of 1,381 pence per share. 16th July 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land