20th Apr 2006 16:02
British Land Co PLC20 April 2006 Notification of monthly investment in the British Land Share Incentive Plan('SIP') Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees of the British LandSIP, notified the Company on 20th April 2006 that they purchased on 18th April2006 a total of 14,826 ordinary 25p shares at a price of £12.74 per share underthe 'Partnership' and 'Matching' element of the Company's SIP. Under the termsof the SIP each eligible participating employee can contribute from monthlysalary to purchase 'Partnership Shares', and the Company matches this byawarding two 'Matching Shares' for every one 'Partnership Share' purchased byparticipating employees. The SIP has been approved by the Inland Revenue as ashare incentive plan 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 SIPDirectorsSir John Ritblat 9 18J H Weston Smith 9 18 R E Bowden 9 18G C Roberts 9 18Persons Discharging Managerial ResponsibilitiesT A Roberts 9 18A Braine 9 18P C Clarke 9 18A M Jones 108 216 20th April 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land