1st Jun 2009 16:43
British Land Co PLC
1 June 2009
The Company announces that it received notification on 1 June 2009 from the Trustees of The British Land Share Ownership Plan (the 'Trust') that on 1 June 2009 the Trust released 140,854 ordinary 25p shares of the Company to participants in the Company's Fund Managers' Performance Plan (the 'Plan'), pursuant to an award made on 30 May 2007, which vested on 1 June 2009 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 Managerial Responsibilities of the Company, to facilitate the operation of its share incentive schemes. Executive Directors and Persons Discharging Managerial Responsibilities of the Company ("PDMR") who are participants in these schemes are consequently considered to be interested in the shares held by the Trust, as discretionary beneficiaries.
The Trust notified the Company today, that, of the above shares released by the Trust, 33,625 were released to Andrew Jones, an Executive Director. Following this vesting, Andrew Jones sold 33,625 shares at a price of 392 pence per share.
Finally, the Trust also notified the Company today, that, of the above shares released by the Trust, 29,970 were released to Valentine Beresford, a PDMR. Following this vesting Valentine Beresford sold 29,970 shares at a price of 392 pence per share.
Related Shares:
British Land