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BLND British Land Company Plc

395.20
2.00 (0.51%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
British Land Company Plc LSE:BLND London Ordinary Share GB0001367019 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.51% 395.20 395.70 396.50 402.10 383.60 383.60 2,450,562 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 418M -1.04B -1.1194 -3.54 3.67B

British Land Co PLC Director/PDMR Shareholding (0038Q)

23/06/2022 3:30pm

UK Regulatory


British Land (LSE:BLND)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more British Land Charts.

TIDMBLND

RNS Number : 0038Q

British Land Co PLC

23 June 2022

The British Land Company plc (the "Company")

Discretionary Share Award Vesting & SAYE Grant

On 20 June 2022 conditional awards of Ordinary Shares of 25 pence each in the Company, that were granted on 19 June 2019 under the Company's Restricted Share Plan, vested. Subsequent sales that were made by Persons Discharging Managerial Responsibilities ("PDMRs") upon the awards vesting are detailed below. The awards were not subject to performance conditions.

 
 Name of PDMR       Number of shares   Number of shares 
                         that vested               sold 
 Emma Cariaga                 20,322             20,322 
                   -----------------  ----------------- 
 Kelly Cleveland              13,935              6,738 
                   -----------------  ----------------- 
 Sally Jones                  31,270             31,270 
                   -----------------  ----------------- 
 David Lockyer                20,322             20,322 
                   -----------------  ----------------- 
 Roger Madelin                23,257             23,257 
                   -----------------  ----------------- 
 Brona McKeown                22,801             11,024 
                   -----------------  ----------------- 
 Darren Richards              31,270             15,119 
                   -----------------  ----------------- 
 David Walker                 18,580              8,984 
                   -----------------  ----------------- 
 Nigel Webb                   24,420             11,807 
                   -----------------  ----------------- 
 

Also on 20 June 2022, Bhavesh Mistry, Chief Financial Officer, sold 66,100 ordinary shares of 25 pence each. This followed the vesting of 136,720 performance shares comprising three separate awards granted to Bhavesh on 19 July 2021 under the Company's Long Term Incentive Plan to replace pre-existing awards that he forfeited in order to join the Company. Two of the awards of 9,403 shares and 19,612 shares respectively did not have performance conditions attached and vested in full. The third award of 124,948 shares was subject to performance conditions mirroring those of his previous employer, of which 107,705 shares representing 86.2% of the original award, vested.

Bhavesh sold 66,100 shares to settle tax and national insurance and associated dealing fees arising on the vesting and retained the balance of 70,620 shares which he must continue to hold for at least two years in accordance with the terms of the grant.

On 22 June 2022 options over Ordinary shares of 25 pence each in the Company were granted to PDMRs under the Company's SAYE Option Scheme as detailed in the table below.

 
                    Options    Option price   SAYE contract      Option exercise 
                     granted    (pence)        commences          period commences 
 Simon Carter       4,275      421            1 September 2022   1 September 2025 
                   ---------  -------------  -----------------  ------------------ 
 Brona McKeown      4,275      421            1 September 2022   1 September 2025 
                   ---------  -------------  -----------------  ------------------ 
 Kelly Cleveland    2,137      421            1 September 2022   1 September 2025 
                   ---------  -------------  -----------------  ------------------ 
 David Walker       2,137      421            1 September 2022   1 September 2025 
                   ---------  -------------  -----------------  ------------------ 
 Bhavesh Mistry     4,275      421            1 September 2022   1 September 2025 
                   ---------  -------------  -----------------  ------------------ 
 Emma Cariaga       1,282      421            1 September 2022   1 September 2025 
                   ---------  -------------  -----------------  ------------------ 
 

The permitted exercise period for SAYE options is six months, commencing on the dates listed above. No consideration was paid for the grant of these options.

This disclosure is made in accordance with the UK Market Abuse Regulation.

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                                  1. Emma Cariaga 
                                             2. Kelly Cleveland 
                                             3. Sally Jones 
                                             4. David Lockyer 
                                             5. Roger Madelin 
                                             6. Brona McKeown 
                                             7. Darren Richards 
                                             8. David Walker 
                                             9. Nigel Webb 
     -------------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------------- 
 a)   Position/status                       1. PDMR - Executive Committee member 
                                             2. PDMR - Executive Committee member 
                                             3. PDMR - Executive Committee member 
                                             4. PDMR - Executive Committee member 
                                             5. PDMR - Executive Committee member 
                                             6. PDMR - Executive Committee member 
                                             7. PDMR - Executive Committee member 
                                             8. PDMR - Executive Committee member 
                                             9. PDMR - Executive Committee member 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  -------------------------------------------- 
      Details of the issuer; emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                             The British Land Company PLC 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              RV5B68J2GV3QGMRPW209 
     -------------------------------  -------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------------- 
 a)   Description of financial         Ordinary shares of 25 pence each 
       instrument, type of 
       financial instrument 
 
       Identification code              GB0001367019 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Sale of ordinary shares 25 pence each 
                                        upon the vesting of conditional share 
                                        awards made under the Company's Restricted 
                                        Share Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s) (pence)   Volume(s) 
                                                            ---------------- 
                                               1. 504             1. 20,322 
                                                2. 504             2. 6,738 
                                                3. 504             3. 31,270 
                                                4. 504             4. 20,322 
                                                5. 504             5. 23,257 
                                                6. 504             6. 11,024 
                                                7. 504             7. 15,119 
                                                8. 504             8. 8,984 
                                                9. 504             9. 11,807 
                                         -----------------  ---------------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      N/A (single transaction) 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          2022-06-20 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         London Stock Exchange (XLON) 
     -------------------------------  -------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                             Bhavesh Mistry 
     -------------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     --------------------------------------------------------------------------- 
 a)   Position/status                             PDMR - Chief Financial Officer 
     -------------------------------  ------------------------------------------ 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ------------------------------------------ 
      Details of the issuer; emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                             The British Land Company PLC 
     -------------------------------  ------------------------------------------ 
 b)   LEI                              RV5B68J2GV3QGMRPW209 
     -------------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     --------------------------------------------------------------------------- 
 a)   Description of financial         Ordinary shares of 25 pence each 
       instrument, type of 
       financial instrument 
 
       Identification code              GB0001367019 
     -------------------------------  ------------------------------------------ 
 b)   Nature of the transaction        Sale of shares 
     -------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                                    ---------- 
                                          504        66,100 
                                         ---------  ---------- 
     -------------------------------  ------------------------------------------ 
 d)        Aggregated information 
             *    Aggregated volume      N/A (single transaction) 
 
 
             *    Price 
     -------------------------------  ------------------------------------------ 
 e)   Date of the transaction          2022-06-20 
     -------------------------------  ------------------------------------------ 
 f)   Place of the transaction         London Stock Exchange (XLON) 
     -------------------------------  ------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                                  1. Simon Carter 
                                             2. Brona McKeown 
                                             3. Kelly Cleveland 
                                             4. David Walker 
                                             5. Bhavesh Mistry 
                                             6. Emma Cariaga 
     -------------------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------- 
 a)   Position/status                       1. PDMR - Chief Executive Officer 
                                             2. PDMR - Executive Committee member 
                                             3. PDMR - Executive Committee member 
                                             4. PDMR - Executive Committee member 
                                             5. PDMR - Chief Financial Officer 
                                             6. PDMR - Executive Committee member 
     -------------------------------  ------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ------------------------------------------- 
      Details of the issuer; emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                             The British Land Company PLC 
     -------------------------------  ------------------------------------------- 
 b)   LEI                              RV5B68J2GV3QGMRPW209 
     -------------------------------  ------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------------- 
 a)   Description of financial         Ordinary shares of 25 pence each 
       instrument, type of 
       financial instrument 
 
       Identification code              GB0001367019 
     -------------------------------  ------------------------------------------- 
 b)   Nature of the transaction        Grant of options under the Save As 
                                        You Earn Option Scheme 
     -------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                                        --------------- 
                                               1. Nil         1. 4,275 
                                                2. Nil         2. 4,275 
                                                3. Nil         3. 2,137 
                                                4. Nil         4. 2,137 
                                                5. Nil         5. 4,275 
                                                6. Nil         6. 1,282 
                                         -------------  --------------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      N/A (single transaction) 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          2022-06-22 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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June 23, 2022 10:30 ET (14:30 GMT)

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