16th Aug 2005 17:51
British Land Co PLC16 August 2005 Notification of monthly investment in the British Land Share Incentive Plan('SIP') Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees of the British LandSIP, have notified the Company that they purchased on 15th August 2005 a totalof 7,479 ordinary 25p shares at a price of 849 pence per share under the'Partnership' and 'Matching' element of the Company's SIP. Under the terms ofthe SIP each eligible participating employee can contribute from monthly salaryto purchase 'Partnership Shares', and the Company matches this by awarding two'Matching Shares' for every one 'Partnership Share' purchased by participatingemployees. 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 Partnership Shares Number of Matching Shares acquired under the SIP acquired under the SIPDirectorsJ H Ritblat 15 30J H Weston Smith 15 30N S J Ritblat 15 30R E Bowden 15 30 G C Roberts 15 30Persons Discharging Managerial ResponsibilitiesT A Roberts 15 30A Braine 15 30 16th August 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land