Land Securities Group PLC

Director's Dealing • Jul 3, 2017

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RNS Number : 9616J

Land Securities Group PLC

03 July 2017

Land Securities Group PLC   

("Company")

Notification of transactions by

Persons Discharging Managerial Responsibilities ("PDMRs")

On 3 July 2017, Land Securities Group PLC ("Landsec" or the "Company") was notified of the following transactions in its ordinary shares of 10p each ("Shares") by Executive Directors* and other PDMRs.

On 3 July 2017, Nil Cost Options (the "Options") granted under the Company's Long Term Incentive Plan ("LTIP") on 1 July 2014 to the PDMRs listed below vested and became exercisable between 3 July 2017 and 30 June 2024. 

The LTIP and MSP awards normally vest on the third anniversary of grant subject to the Company's achievement of certain Total Shareholder Return and Total Property Return performance conditions (which apply to each 50% of the award) for the three-year financial period ended 31 March 2017, as more particularly set out in the Directors' Remuneration Report to the Company's 2017 Annual Report. The Company's performance achievement resulted in an aggregate vesting of 50% of the maximum award (as reported).

Name                                                    

Martin Greenslade*             69,430                                                                  

Robert Noel*                        102,638                                

Colette O'Shea                    33,685                  

Scott Parsons                      33,685

Enquiries to:

Tim Ashby, Group General Counsel and Company Secretary

Land Securities Group plc

Tel: 020 7024 5256

1	Details of the person discharging managerial responsibilities
a)	Name	Martin Greenslade
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Land Securities Group PLC
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 the financial instrument, type of instrument Identification code	-     Shares
	-     GB0031809436
b)	Nature of transaction	Vest of Options granted under the Company's Long Term Incentive Plan on 1 July 2014.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	69,430
d)	Aggregated information
-      Aggregated volume	- £ per share n/a	69,430
-      Price	- Total Price £n/a
e)	Date of the transaction	03/07/2017
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities
a)	Name	Robert Noel
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Land Securities Group PLC
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 the financial instrument, type of instrument Identification code	-     Shares
	-     GB0031809436
b)	Nature of transaction	Vest of Options granted under the Company's Long Term Incentive Plan on 1 July 2014.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	102,638
d)	Aggregated information
-      Aggregated volume	- £ per share n/a	102,638
-      Price	- Total Price £n/a
e)	Date of the transaction	03/07/2017
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities
a)	Name	Colette O'Shea
2	Reason for the notification
a)	Position/status	Managing Director, London Portfolio
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Land Securities Group PLC
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 the financial instrument, type of instrument Identification code	-     Shares
	-     GB0031809436
b)	Nature of transaction	Vest of Options granted under the Company's Long Term Incentive Plan on 1 July 2014.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	33,685
d)	Aggregated information
-      Aggregated volume	- £ per share n/a	33,685
-      Price	- Total Price £n/a
e)	Date of the transaction	03/07/2017
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities
a)	Name	Scott Parsons
2	Reason for the notification
a)	Position/status	Managing Director, Retail Portfolio
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Land Securities Group PLC
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 the financial instrument, type of instrument Identification code	-     Shares
	-     GB0031809436
b)	Nature of transaction	Vest of Options granted under the Company's  Long Term Incentive Plan on 1 July 2014.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£n/a	33,685
d)	Aggregated information
-      Aggregated volume	- £ per share n/a	33,685
-      Price	- Total Price £n/a
e)	Date of the transaction	03/07/2017
f)	Place of the transaction	n/a

This information is provided by RNS

The company news service from the London Stock Exchange

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