British Land Co PLC Director/PDMR Shareholding (4997B)

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RNS Number : 4997B

British Land Co PLC

02 June 2023

Director/PDMR Shareholding

The British Land Company PLC (the "Company") announces that on 31 May 2023, Bhavesh Mistry, Chief Financial Officer, sold 20,851 ordinary shares of 25 pence each. This followed the vesting of 44,273 performance shares in the Company which were granted to Bhavesh on 19 July 2021 under the Company's Long Term Incentive Plan to replace pre-existing awards from a previous employer that he forfeited in order to join the Company, as previously disclosed on 21 July 2021.

Bhavesh sold 20,851 shares to settle tax and national insurance and associated dealing fees arising on the vesting and retained the balance of 23,422 shares which he must continue to hold for at least two years in accordance with the terms of the grant.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

 
Enquiries: 
Company Secretariat 
 British Land         020 7486 4466 
 
 
      Details of the person discharging managerial responsibilities/person closely associated 
  1 
 a)   Name                                                          Bhavesh Mistry 
     ------------------------------------------------------------  ----------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chief Financial Officer 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  ----------------------------------------------- 
      Details of the issuer, emission allowance market participant, auction platform, auctioneer 
  3    or auction monitor 
     ------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          The British Land Company PLC 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   LEI                                                           RV5B68J2GV3QGMRPW209 
     ------------------------------------------------------------  ----------------------------------------------- 
      Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
  4    each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
     ------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of instrument   Ordinary shares of 25 pence each 
       Identification code 
                                                                     GB0001367019 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   Nature of the transaction                                     Sale of shares 
     ------------------------------------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)                                        Nature of Transaction    Price(s)   Volume(s) 
                                                                     Sale                     342.54p    20,851 
                                                                     ----------------------  ---------  ---------- 
     ------------------------------------------------------------  ----------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume                                   N/A 
                                                                      N/A 
 
             *    Price 
     ------------------------------------------------------------  ----------------------------------------------- 
 e)   Date of the transaction                                       31 May 2023 
     ------------------------------------------------------------  ----------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange (XLON) 
     ------------------------------------------------------------  ----------------------------------------------- 
 

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June 02, 2023 05:00 ET (09:00 GMT)