Land Securities Group PLC Director/PDMR Shareholding (3724D)
25 June 2019 - 9:45PM
UK Regulatory
TIDMLAND
RNS Number : 3724D
Land Securities Group PLC
25 June 2019
Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 25 June 2019, PDMRs listed below (who are all Executive
Directors) acquired an interest in Options over the Company's
Shares following the grant of awards under the Company's Deferred
Share Bonus Plan (DSB) and the Company's Long-Term Incentive Plan
(LTIP). The numbers of Options were calculated by reference to a
price of GBP8.196, being the Company's middle market closing price
for a Share on 24 June 2019.
DSB: Awards granted in accordance with the Company's DSB follow
the deferral of a portion of the PDMR's bonus entitlement for the
year ended 31 March 2019. Subject to continued employment with
Landsec, the PDMRs will become entitled to exercise the Options
arising from the DSB between 25 June 2020 and 24 June 2024.
LTIP: LTIP 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
for the three-year financial period ending 31 March 2022. The
figures shown below are the maximum entitlement should the awards
vest in full. Subject to continued employment with Landsec and the
scheme rules, the PDMRs will become entitled to exercise the
Options arising from the LTIP between 25 June 2022 and 24 June
2029.
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 Award of Nil Cost Options
over the Company's Shares
under the Deferred Share
Bonus Plan.
-------------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ----------------- -----------
GBP8.196 16,323
------------------------------------------- ----------------- -----------
d) Aggregated information
- Aggregated volume - GBP per
share
- Price - Total Price
GBP133,788
--------------------------------------
e) Date of the transaction 25/06/2019
-------------------------------------- ------------------------------
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 Award of Nil Cost Options
over the Company's Shares
under the Long Term Incentive
Plan.
-------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------- ------------
GBP8.196 193,997
------------------------------------------- ------------------- ------------
d) Aggregated information
- Aggregated volume - GBP per
share
- Price - Total Price
GBP1,590,000
--------------------------------------
e) Date of the transaction 25/06/2019
-------------------------------------- ---------------------------------
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 Award of Nil Cost Options
over the Company's Shares
under the Deferred Share
Bonus Plan.
-------------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ----------------- -----------
GBP8.196 25,076
------------------------------------------- ----------------- -----------
d) Aggregated information
- Aggregated volume - GBP per
share
- Price - Total Price
GBP205,529
--------------------------------------
e) Date of the transaction 25/06/2019
-------------------------------------- ------------------------------
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 Award of Nil Cost Options
over the Company's Shares
under the Long Term Incentive
Plan.
-------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------- ------------
GBP8.196 297,950
------------------------------------------- ------------------- ------------
d) Aggregated information
- Aggregated volume - GBP per
share
- Price - Total Price
GBP2,442,000
--------------------------------------
e) Date of the transaction 25/06/2019
-------------------------------------- ---------------------------------
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
and Retail Portfolios
-------------------------------------- ------------------------------
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 Award of Nil Cost Options
over the Company's Shares
under the Deferred Share
Bonus Plan.
-------------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ----------------- -----------
GBP8.196 14,812
------------------------------------------- ----------------- -----------
d) Aggregated information
- Aggregated volume - GBP per
share
- Price - Total Price
GBP121,401
--------------------------------------
e) Date of the transaction 25/06/2019
-------------------------------------- ------------------------------
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
and Retail Portfolios
-------------------------------------- ---------------------------------
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 Award of Nil Cost Options
over the Company's Shares
under the Long Term Incentive
Plan.
-------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ------------------- ------------
GBP8.196 134,211
------------------------------------------- ------------------- ------------
d) Aggregated information
- Aggregated volume - GBP per
share
- Price - Total Price
GBP1,100,000
--------------------------------------
e) Date of the transaction 25/06/2019
-------------------------------------- ---------------------------------
f) Place of the transaction N/A
-------------------------------------- ---------------------------------
Enquiries to: Tim Ashby, Group General Counsel and Company
Secretary
Land Securities Group PLC
Tel: 020 7024 5256
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
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFELFLKQFZBBL
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