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The British Land Company PLC granted a conditional award of 41,294 ordinary shares to David Walker, an Executive Committee Member. This award, made under the Long-Term Incentive Plan (LTIP) on 1 September 2021, vests on the third anniversary of grant, subject to performance conditions split 40% on Total Property Return, 20% on Total Accounting Return, and 40% on Total Shareholder Return.
| Date | 3 Sept 2021 |
| Time | 09:15:00 |
| Category | Director/PDMR dealings |
| ID | 6768K |
Long-Term Incentive Plan ('LTIP') Grant
The British Land Company PLC (the 'Company') announces that on 1 September 2021 a conditional award of 41,294 of the Company's ordinary shares of 25 pence each ('Performance Shares') was granted under the LTIP to David Walker.
The Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions. Those conditions are based 40% on Total Property Return, 20% on Total Accounting Return and 40% on Total Shareholder Return (20% against a FTSE100 comparator group and 20% against a FTSE350 property comparator group).
This transaction took place outside of a trading venue.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name
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David Walker |
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2 |
Reason for the notification |
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a) |
Position/status
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Executive Committee Member
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b) |
Initial notification/Amendment
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Initial notification |
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3 |
Details of the issuer; emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name
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The British Land Company PLC |
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b) |
LEI
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RV5B68J2GV3QGMRPW209 |
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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 |
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a) |
Description of financial instrument, type of financial instrument
Identification code
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Ordinary shares of 25 pence each
GB0001367019
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b) |
Nature of the transaction
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Grant of conditional Performance Share Award under the Long-Term Incentive Plan
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c) |
Price(s) and volume(s)
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Nil 41,294 |
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d) |
Aggregated information - Aggregated volume - Price
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N/A (single transaction) |
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e) |
Date of the transaction
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2021-09-01 |
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f) |
Place of the transaction
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Outside of a trading venue |
This notification is made in accordance with the requirements of the UK Market Abuse Regulation. The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.
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Enquiries |
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Company Secretariat |
0207 486 4466 |