Land Securities Group PLC Director/PDMR Shareholding (9616J)
July 03 2017 - 11:00AM
UK Regulatory
TIDMLAND
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 * Shares
Identification code
----
* 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)
---- --------------------------------- ---------------- ----------
GBPn/a 69,430
------------------------------------------------------- ----------
d) Aggregated information
----
- GBP per
share
- Aggregated volume n/a 69,430
- Price - Total
Price GBPn/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 * Shares
Identification code
----
* 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)
---- --------------------------------- --------------- ----------
GBPn/a 102,638
-------------------------------------- --------------- ----------
d) Aggregated information
----
- GBP per
share
- Aggregated volume n/a 102,638
- Price - Total
Price GBPn/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 * Shares
Identification code
----
* 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)
---- --------------------------------- --------------- ----------
GBPn/a 33,685
-------------------------------------- --------------- ----------
d) Aggregated information
----
- GBP per
share
- Aggregated volume n/a 33,685
- Price - Total
Price GBPn/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 * Shares
Identification code
----
* 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)
---- --------------------------------- --------------- ----------
GBPn/a 33,685
-------------------------------------- --------------- ----------
d) Aggregated information
----
- GBP per
share
- Aggregated volume n/a 33,685
- Price - Total
Price GBPn/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
END
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