TIDMLAND
RNS Number : 4616W
Land Securities Group PLC
01 August 2018
Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 31 July 2018, Land Securities Group PLC (Landsec or the
Company) was notified of the following transactions in its ordinary
shares of 10 2/3p each (Shares) by PDMRs (who are all Executive
Directors).
On 27 July 2018, Robert Noel and Martin Greenslade became
entitled to the dividend equivalents as set out below taken as Nil
Cost Options (Options) pursuant to the Options granted under the
Land Securities 2015 Deferred Share Bonus Plans (2015 DSB) on 27
June 2016 and 26 June 2017 following their vesting on 26 and 27
June 2018, being accrued within the 2015 DSB on the dividend record
date and calculated at the dividend payment date. The dividend
equivalents are in respect of the final dividend for the 2017/18
financial year which was paid to shareholders on 27 July 2018.
On 27 July 2018, Robert Noel, Martin Greenslade, Colette O'Shea
and Scott Parsons, all received dividend equivalents taken as
Options in relation to awards made under the Land Securities' 2009
Deferred Share Bonus Plan (2009 DSB) and the 2015 DSB as set out
below, where dividend equivalents that had previously been awarded
for these DSB awards had not reflected the final dividend
adjustment for each year and therefore this is now being
corrected.
On 31 July 2018, Robert Noel and Martin Greenslade exercised all
outstanding options under the 2015 DSB and 2009 DBS as detailed
below.
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Vest of Options (final
dividend equivalents)
granted under the Company's
Deferred Share Bonus
Plan on, 27 June 2016
and 26 June 2017.
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 1,382
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 27/07/2018
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Vest of Options (correction
to include the final
dividend equivalents)
granted under the Company's
2009 and 2015 Deferred
Share Bonus Plans
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 1,354
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 27/07/2018
-------------------------------------- -------------------------------
f) Place of the transaction n/a
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Vest of Options Final
dividend equivalents)
granted under the Company's
Deferred Share Bonus
Plan on 27 June 2016
and 26 June 2017.
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 852
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 27/07/2018
-------------------------------------- -------------------------------
f) Place of the transaction n/a
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Vest of Options (correction
to include the final
dividend equivalents)
granted under the Company's
2009 and 2015 Deferred
Share Bonus Plans
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 1,025
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 27/07/2018
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Vest of Options (correction
to include the final
dividend equivalents)
granted under the Company's
2009 and 2015 Deferred
Share Bonus Plans
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 255
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 27/07/2018
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Vest of Options (correction
to include the final
dividend equivalents)
granted under the Company's
2009 and 2015 Deferred
Share Bonus Plans
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 232
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 27/07/2018
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Acquisition of Shares
in the Company following
the exercise of Options
granted under the Company's
2015 and 2009 Deferred
Share Bonus Plan
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 31,782
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 31/07/2018
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Sell Ordinary Shares
in the Company ("Shares")
to cover tax liability
as a result of exercising
the options set out above.
-------------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ----------------- -----------
GBP9.451 14,968
------------------------------------------- ----------------- -----------
d) Aggregated information
- Aggregated volume GBP9.451 14,968
- Price Total Price
GBP141,462.57
--------------------------------------
e) Date of the transaction 31/07/2018
-------------------------------------- ------------------------------
f) Place of the transaction London
-------------------------------------- ------------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Acquisition of Shares
in the Company following
the exercise of Options
granted under the Company's
2015 and 2009 Deferred
Share Bonus Plan
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBPn/a 19,811
------------------------------------------- ------------------ -----------
d) Aggregated information
- Aggregated volume - GBP per
share
n/a
- Price - Total Price
GBPn/a
--------------------------------------
e) Date of the transaction 31/07/2018
-------------------------------------- -------------------------------
f) Place of the transaction n/a
-------------------------------------- -------------------------------
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
----
* GB00BYW0PQ60
---- ---------------------------------------
b) Nature of transaction Purchase of Ordinary
Shares in the Company
("Shares") for transfer
into SIPP
--------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------- ---------------- -----------
GBP9.435 8,000
-------------------------------------------- ---------------- -----------
d) Aggregated information
- Aggregated volume GBP9.435
- Price Total Price
GBP75,480.72
---------------------------------------
e) Date of the transaction 31/07/2018
--------------------------------------- -----------------------------
f) Place of the transaction London
--------------------------------------- -----------------------------
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
----
* GB00BYW0PQ60
---- ---------------------------------------
b) Nature of transaction Purchase of Ordinary
Shares in the Company
("Shares") for transfer
into ISA
--------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------- ---------------- -----------
GBP9.439 2,500
-------------------------------------------- ---------------- -----------
d) Aggregated information
- Aggregated volume GBP9.439 2,500
- Price Total Price
GBP23,596.53
---------------------------------------
e) Date of the transaction 31/07/2018
--------------------------------------- -----------------------------
f) Place of the transaction London
--------------------------------------- -----------------------------
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
----
* GB00BYW0PQ60
---- --------------------------------------
b) Nature of transaction Sell Ordinary Shares
in the Company to (1)
cover tax liability as
a result of exercising
the options set out above
and (2) fund the purchase
of shares to transfer
into SIPP and ISA. Net
effect is sell sufficient
to cover tax liability
-------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------ -----------
GBP9.451 19,811
-------------------------------------------------------------- -----------
d) Aggregated information
- Aggregated volume GBP9.451 19,811
- Price Total Price
GBP187,233.77
--------------------------------------
e) Date of the transaction 31/07/2018
-------------------------------------- -------------------------------
f) Place of the transaction London
-------------------------------------- -------------------------------
Enquiries to: Liz Miles, Deputy Company Secretary
Land Securities Group PLC
Tel: 020 7024 5280
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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END
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