British Land Co PLC

Transaction in Own Shares • Jun 23, 2021

National Storage Mechanism | Additional information

RNS Number : 8929C

British Land Co PLC

23 June 2021

Long-Term Incentive Plan ('LTIP') Grant and Restricted Share Plan ('RSP') Award

The British Land Company PLC (the 'Company') announces that on 22 June 2021:

·    under the LTIP, conditional awards of the Company's ordinary shares of 25 pence each ('Performance Shares') were granted to Executive Directors and other Persons Discharging Managerial Responsibilities ('PDMRs'); and

·    under the RSP, conditional awards ('Restricted Shares') of the Company's ordinary shares of 25 pence each were awarded to PDMRs

as outlined below.

	Performance Shares at nil consideration
Directors
Simon Carter	377,666
	Performance Shares at nil consideration	Restricted Shares
PDMRs
Emma Cariaga	48,467	24,233
Stacey Clark	28,022	14,011
Kelly Cleveland	44,061	22,030
Ann Henshaw	45,823	22,911
Sally Jones	67,798	33,899
David Lockyer	48,467	24,233
Brona McKeown	49,436	24,718
Roger Madelin	50,425	25,212
Darren Richards	75,533	37,766
David Walker	n/a	20,142
Nigel Webb	52,946	26,473

The above 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).

The Restricted Shares conditionally vest on the third anniversary of the award.  No performance conditions are attached to the Restricted Shares.

These transactions took place outside of a trading venue.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.    Simon Carter

2.    Emma Cariaga

3.    Stacey Clark

4.    Kelly Cleveland

5.    Ann Henshaw

6.    Sally Jones

7.    David Lockyer

8.    Brona McKeown

9.    Roger Madelin

10.  Darren Richards

11.  Nigel Webb

2

Reason for the notification

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 - Executive Committee member

6.    PDMR - Executive Committee member

7.    PDMR - Executive Committee member

8.    PDMR - Executive Committee member

9.    PDMR - Executive Committee member

10.  PDMR - Executive Committee member

11.  PDMR - Executive Committee member

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

Grant of conditional Performance Share Award under the Long Term Incentive Plan scheme

c)

Price(s) and volume(s)

Price(s) (pence)	Volume(s)
1.    Nil 2.    Nil 3.    Nil 4.    Nil 5.    Nil 6.    Nil 7.    Nil 8.    Nil 9.    Nil 10.  Nil 11.  Nil	1.    377,666 2.    48,467 3.    28,022 4.    44,061 5.    45,823 6.    67,798 7.    48,467 8.    49,436 9.    50,425 10.  75,533 11.  52,946

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

2021-06-22

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.    Emma Cariaga

2.    Stacey Clark

3.    Kelly Cleveland

4.    Ann Henshaw

5.    Sally Jones

6.    David Lockyer

7.    Brona McKeown

8.    Roger Madelin

9.    Darren Richards

10.  David Walker

11.  Nigel Webb

2

Reason for the notification

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

10.  PDMR - Executive Committee member

11.  PDMR - Executive Committee member

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

Grant of conditional share awards under the Restricted Share Plan scheme

c)

Price(s) and volume(s)

Price(s) (pence)	Volume(s)
1.    Nil 2.    Nil 3.    Nil 4.    Nil 5.    Nil 6.    Nil 7.    Nil 8.    Nil 9.    Nil 10.  Nil 11.  Nil	1.    24,233 2.    14,011 3.    22,030 4.    22,911 5.    33,899 6.    24,233 7.    24,718 8.    25,212 9.    37,766 10.  20,142 11.  26,473

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

2021-06-22

f)

Place of the transaction

Outside of a trading venue

This notification is made in accordance with the requirements of the EU Market Abuse Regulation.  The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.

Enquiries
Company Secretariat	0207 486 4466

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