British Land Co PLC

Remuneration Information • Aug 6, 2020

National Storage Mechanism | Additional information

RNS Number : 3782V

British Land Co PLC

06 August 2020

The British Land Company PLC (the 'Company')

Annual Incentive Plan

Following the decision to defer Executive Director bonuses, the Remuneration Committee confirmed that the estimated bonus levels within the 2020 Annual Report could be paid.

In accordance with the Remuneration Policy approved by shareholders on 19 July 2019 ("the Policy"), on 5 August 2020, one third of the cash bonus awarded to the Executive Directors was used to purchase ordinary shares of 25 pence each in the Company at a price of 380.610p per share. These shares must be held for a minimum three years, in accordance with the Policy.

Director	Shares purchased
Chris Grigg	16,664
Simon Carter	9,726

In addition to the purchases referenced above, Simon Carter elected to use the remaining cash element of his bonus to purchase an additional 19,452 ordinary shares of 25 pence each in the Company at a price of 380.61p per share. 

Details of the purchases referenced above are included below in accordance with the Market Abuse Regulation.

Enquiries:
Company Secretariat, British Land	020 7486 4466

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Grigg

2

Reason for the notification

a)

Position/status

PDMR - Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer; emission allowance market participant, 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 instrument, type of financial instrument

Identification code

Ordinary shares of 25 pence each

GB0001367019

b)

Nature of the transaction

Acquisition of Annual Incentive Shares under the Annual Incentive Plan

c)

Price(s) and volume(s)

Price(s) (pence)	Volume(s)
380.610	16,664

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

5 August 2020

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Simon Carter

2

Reason for the notification

a)

Position/status

PDMR - Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer; emission allowance market participant, 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 instrument, type of financial instrument

Identification code

Ordinary shares of 25 pence each

GB0001367019

b)

Nature of the transaction

1. Acquisition of Annual Incentive Shares under the Annual Incentive Plan

2. Acquisition of Shares using the remaining cash element of his bonus.

c)

Price(s) and volume(s)

Price(s) (pence)	Volume(s)
1.    380.610 2.    380.610	9,726 19,452

d)

Aggregated information

-      Aggregated volume

-      Price

29,178

380.610

e)

Date of the transaction

5 August 2020

f)

Place of the transaction

London Stock Exchange (XLON)

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.

END

DSHKQLBBBVLEBBB