SOURCE: Land Securities Group PLC

June 26, 2015 11:00 ET

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

LONDON, UNITED KINGDOM--(Marketwired - Jun 26, 2015) - Land Securities Group PLC (LSE: LAND) (OTC PINK: LSGOF) -- The Company provides notification of the following transactions effected on 25 June 2015 by the following Executive Directors and other PDMRs relating to their interests in the Ordinary shares of nominal value 10p each in the capital of the Company ("Shares"). The transactions arise from (i) the release and vesting of a deferred Shares award made on 25 June 2014, and (ii) a deferred Shares award made on 25 June 2015, both pursuant to the rules of the Company's Deferred Share Bonus Plan.

             
(i) The release and
vesting of a deferred
Shares award
25 June 2014
  Total number of
deferred Shares
released and
vesting 1
  Shares
compulsorily
sold 2
  Shares being
retained
             
Name (title)            
Robert Noel, (Chief Executive)   34,409   16,205   18,204
Martin Greenslade (Chief Financial Officer)   23,273   10,961   12,312
Colette O'Shea (MD, London Portfolio)   299   143   156
Scott Parsons (MD, Retail Portfolio)   1,863   879   984
             

1 Satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust
2 To cover the personal tax and social security contributions liability that arising immediately on vesting

             
(ii) A deferred Shares
award 25 June 2015 3

  Shares deferred
till 1
st anniversary
of award
(i.e. 25 June 2016)
  Shares deferred
till 2
nd anniversary
of award
 (i.e. 25 June 2017)
  Total number of
deferred Shares
awarded
Name            
Robert Noel   28,551   23,869   52,420
Martin Greenslade   19,314   16,146   35,460
Colette O'Shea   7,028   7,333   14,361
Scott Parsons   7,028   6,771   13,739
             

3 As relates to the annual bonus payable in respect of the Company's 2014/15 financial year

As a result of and including the above transactions, the outstanding aggregate interest held by each individual in the Shares of the Company is as follows:

             



Name
  Interest in Shares
under option 4
  Interest in Shares
under long-term incentives 5
  Interest in Shares
(including those
held by connected persons)
Robert Noel   -   783,514   241,371 6
Martin Greenslade   2,619   531,571   370,540 6
Colette O'Shea   6,294   207,008   45,364
Scott Parsons   4,366   188,940   64,400
             

4 Pursuant to the rules of the Company's Executive Share Option Plan and Savings-Related Share Option Plan (as applicable)
5 Pursuant to the rules of the Company's Long-Term Incentive Plan, Share Matching Plan and Deferred Share Bonus Plan (as applicable)
6 These interests are significantly in excess of the required holding levels for the Executive Directors under the Company's share ownership guidelines

This notice is given in fulfilment of the Company's obligation under DTR 3.1.2R.

Contact Information

  • Company contact:

    Michael Arnaouti
    +44 (0)20 7024 5219
    Group Company Secretary