Long-Term Incentive Plan ('LTIP') Grant
The British Land Company PLC (the 'Company') announces that on 23 June 2025, conditional awards of ordinary shares of 25p each in the Company were granted to Executive Directors and other Persons Discharging Managerial Responsibilities ('PDMRs') under the LTIP as outlined below (the 'Performance Shares').
| | Performance Shares at nil consideration |
| Executive Directors | |
| Simon Carter | 515,160 |
| David Walker | 317,250 |
| PDMRs | |
| Emma Cariaga | 147,294 |
| Kelly Cleveland | 181,286 |
| David Lockyer | 169,955 |
| Brona McKeown | 148,531 |
| Roger Madelin | 137,566 |
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 Shareholder Return, and 25% on Environmental, Social, Governance measures. A two-year post-vesting holding period applies to any shares vesting for Executive Directors. A full description of the performance conditions attached to the awards is contained within the 2025 Directors' Remuneration Report.
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. Kelly Cleveland 4. David Lockyer 5. Brona McKeown 6. Roger Madelin 7. David Walker | ||||
| 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 - 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
| Grant of conditional Performance Share Award under the Long-Term Incentive Plan scheme
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price
|
N/A (single transaction) | ||||
| e) | Date of the transaction
| 2025-06-23 | ||||
| f) | Place of the transaction
| 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.
| Enquiries | |
| Company Secretariat | 0207 486 4466 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.