British Land Co PLC

Remuneration Information • Jul 20, 2022

National Storage Mechanism | Additional information

RNS Number : 1570T

British Land Co PLC

20 July 2022

Long-Term Incentive Plan ('LTIP') Grant

The British Land Company PLC (the 'Company') announces that on 19 July 2022 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') as outlined below.

	Performance Shares at nil consideration
Directors/PDMRs
Simon Carter	411,121
Bhavesh Mistry	268,599
Emma Cariaga	115,113
Stacey Clark	62,840
Kelly Cleveland	105,521
Sally Jones	152,037
David Lockyer	111,276
Brona McKeown	118,534
Roger Madelin	113,077
Darren Richards	173,219
David Walker	98,806
Nigel Webb	118,731

The above Performance Shares conditionally vest on the third anniversary of grant, subject to performance conditions. Those conditions are based 50% on Total Accounting Return, 25% on Total Property Return, and 25% on Environmental, Social, Governance measures. A two year post-vesting holding period applies to any shares vesting.

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.    Bhavesh Mistry

3.    Emma Cariaga

4.    Stacey Clark

5.    Kelly Cleveland

6.    Sally Jones

7.    David Lockyer

8.    Brona McKeown

9.    Roger Madelin

10.  Darren Richards

11.  David Walker

12.  Nigel Webb

2

Reason for the notification

a)

Position/status

1.    PDMR - Chief Executive Officer

2.    PDMR - Chief Financial Officer

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

12.  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 12.  Nil	1.    411,121 2.    268,599 3.    115,113 4.    62,840 5.    105,521 6.    152,037 7.    111,276 8.    118,534 9.    113,077 10.  173,219 11.  98,806 12.  118,731

d)

Aggregated information

-      Aggregated volume

-      Price

N/A (single transaction)

e)

Date of the transaction

2022-07-19

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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