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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 |
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 ------------------------------- -------------------------------------------
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(END) Dow Jones Newswires
June 23, 2022 10:30 ET (14:30 GMT)
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