SOURCE: Land Securities Group PLC

July 09, 2015 11:00 ET

Land Securities Group PLC: Director/PDMR Shareholding

LONDON, UNITED KINGDOM--(Marketwired - Jul 9, 2015) - Land Securities Group PLC (LSE: LAND) (OTC PINK: LSGOF)

Land Securities Group PLC
("Company")

Notification of transactions by
Persons Discharging Managerial Responsibilities ("PDMRs")

The Company provides notification of the following transactions effected on 8 July 2015 by the following Executive Directors relating to their interests in the Ordinary shares of nominal value 10p each in the capital of the Company ("Shares"). The transactions arise from the release and vesting of a deferred Shares award made on 8 July 2013 pursuant to the rules of the Company's Deferred Share Bonus Plan.

             
Release and vesting of a deferred Shares award made on
8 July 2013
  Total number of deferred Shares released and vesting 1   Shares compulsorily sold at 1252p per share2   Shares retained
Name (title)             
Robert Noel,
(Chief Executive)
  23,953   11,281   12,672
Martin Greenslade
(Chief Financial Officer)
  15,095   7,109   7,986
             

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 arising immediately on vesting

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 3   Interest in Shares under long-term incentives 4   Interest in Shares
(including those held by connected persons)
Robert Noel   -   760,726   254,0435
Martin Greenslade   3,517   517,210   378,5265
             

3 Pursuant to the rules of the Company's Executive Share Option Plan and Savings-Related Share Option Plan (as applicable)
4 Pursuant to the rules of the Company's Long-Term Incentive Plan, Share Matching Plan and Deferred Share Bonus Plan (as applicable) 
5 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