SOURCE: Land Securities Group PLC
June 29, 2016 10:07 ET
LONDON, UNITED KINGDOM--(Marketwired - Jun 29, 2016) - Land Securities Group PLC (LSE: LAND) (OTC PINK: LSGOF)
Land Securities Group PLC ("Company")
Market purchase of Company shares by the Company's employee benefit trust
Land Securities Group PLC today confirms that on 28 June 2016 ACS HR Solutions Share Plan Services (Guernsey) Limited, acting as Trustee of the Land Securities Deferred Bonus Plan Trust ("Trust"), purchased in the market 500,000 (five hundred thousand) Ordinary shares of nominal value 10 pence each in the capital of the Company ("Shares") at an average price of £9.84p per share.
The Trust holds Shares for the benefit of the Company's employees, and in particular for satisfying the vesting of awards made under the Company's various employee share incentive plans. As such, Robert Noel and Martin Greenslade, as Executive Directors, and Colette O'Shea and Scott Parsons, as other PDMRs, are amongst the potential beneficiaries of the Trust.
Following the above transaction, the Trust holds 1,601,964 Shares for the above purpose, representing 0.1% of the Company's issued share capital with voting rights.
Land Securities contact:
Michael Arnaouti +44 (0)20 7024 5219
Deputy Company Secretary
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