Long-Term Incentive Plan ("LTIP") Grant
The British Land Company PLC (the 'Company') announces that conditional awards of the Company's ordinary shares of 25 pence each ('Shares') and conditional awards of options over the Company's Shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities ('PDMRs') on 22 June 2016 under the Company's LTIP, as outlined below.
Performance shares at nil consideration
Options at 730.5 pence
Directors
Chris Grigg
229,979
-
Lucinda Bell
134,976
Charles Maudsley
122,176
Tim Roberts
61,088
244,353
PDMRs
Sally Jones
47,227
Roger Madelin
28,234
112,936
Darren Richards
Joff Sharpe
56,288
Nigel Webb
38,539
83,008
Elaine Williams
33,059
56,673
The above performance shares conditionally vest on the third anniversary of grant. The above options are conditionally exercisable from the third until the tenth anniversary of grant. The LTIP option exercise price is 730.5 pence per share. No consideration was paid for the grant of these awards.
The LTIP awards were granted in London. This notification is made in accordance with the requirements of DTR 3.1.4 R
Enquiries:
Company Secretariat, British Land
020 7486 4466