SOURCE: Land Securities Group PLC

August 03, 2016 11:56 ET

Land Securities Group PLC ("Company") Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

LONDON, UNITED KINGDOM--(Marketwired - Aug 3, 2016) - Land Securities Group PLC  (LSE: LAND) (OTC PINK: LSGOF)

Following receipt of notification from the below named PDMR, the Company provides onward notification of the following share dealing transaction effected on 1 August 2016 by the PDMR relating to their interest in the ordinary shares of nominal value 10p each in the capital of the Company ("Shares").

The transaction arises from the PDMR's acquisition (post exercise of option) and subsequent sale of Shares pursuant to an award granted on 1 August 2013 under the rules of the Company's Savings-Related Share Option Plan which matured on 1 August 2016.

  Number of Shares acquired on exercise of option at 792.5p per Share1   Shares voluntarily
sold at 1096p per Share
Colette O'Shea
(MD, London Portfolio)
    1,135   1,135   -

1 Satisfied through the allotment of new Shares.

As a result of and including the above transaction, the outstanding aggregate interest in Shares held by the PDMR is as follows:

  Interest in Shares under option²   Interest in Shares under long-term incentives3   Shares owned
(including those held by connected persons)
Colette O'Shea   1,060   224,037     43,168

² Pursuant to the rules of the Company's Savings-Related Share Option Plan.
3 Pursuant to the rules of the Company's discretionary Long-Term Incentive Plan, Matching Share Plan and Deferred Share Bonus Plan (as applicable).

This notice is given in fulfilment of the Company's obligation under DTR 3.1.2R. The Company further confirms that the PDMRs notification obligations under the Market Abuse Regulations have been satisfied. 

Contact Information

  • Land Securities contact:

    Louise Miller
    +44 (0)20 7024 5257
    Senior Assistant Company Secretary