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Market Purchase for the Employee Benefit Trust

2nd Sep 2020 17:20

RNS Number : 8694X
Land Securities Group PLC
02 September 2020
 

Land Securities Group PLC (the "Company")

 

Market purchase of Company shares by the Company's employee benefit trust

Land Securities Group PLC today confirms that on 2 September 2020, Equiniti Trust (Jersey) Limited, acting as Trustee of the Land Securities Deferred Bonus Plan Trust (the "Trust"), purchased in the market 250,000 Ordinary Shares of nominal value 10 2/3 pence each in the capital of the Company ("Shares") at a price of £5.632401 per share.

The Trust holds Shares for the benefit of the Company's employees and in particular for satisfying the vesting of awards made under the Company's various employee share incentive plans. As such, Mark Allan, Martin Greenslade and Colette O'Shea as Executive Directors, are amongst the potential beneficiaries of the Trust.

Following the above transaction the Trust holds 1,300,455 Shares for the above purpose, representing 0.17% of the Company's issued share capital with voting rights.

 

END

 

For further information, please contact:

Land Securities Group PLC

Tim Ashby

Group General Counsel & Company Secretary

Tel: +44 (20) 7024 5256

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Related Shares:

Land Securities
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