Land Securities Group PLC (the "Company"): Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwired) -- 07/28/15 -- Land Securities Group PLC (the "Company") (LSE: LAND) (OTC PINK: LSGOF)
The Company provides notification of the following pre-authorised transactions undertaken 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 sale on 27 July 2015 of Shares beneficially owned, (ii) the vesting and part sale on 27 July 2015 of Deferred Share Bonus Plan ("DSBP") awards made on 27 July 2012, (iii) the vesting and sale on 28 July 2015 of Long-Term Incentive Plan ("LTIP") and Matching Share Plan ("MSP") awards made on 27 July 2012, and (iv) the exercise and sale on 28 July 2015 of Executive Share Option Plan ("ESOP") awards made on 29 July 2005, with (ii) - (iv) taking place pursuant to the respective Plan rules.
(1) Satisfied through the transfer of market purchased Shares from the Company''s Employee Benefit Trust
(2) To cover the personal tax and national insurance contributions liability arising immediately on vesting
(3) Satisfied through the transfer of market purchased Shares from the Company''s Employee Benefit Trust
(4) Vesting at 84.7% of the maximum award based on the performance conditions achieved by the Company for the three-year financial period ended 31 March 2015 (as reported)
(5) To cover the personal tax and national insurance contributions liability arising immediately on vesting
(6) Satisfied through the transfer of market purchased Shares from the Company''s Employee Benefit Trust
(7) No performance conditions applied to the award which matured on 29 July 2008
As a result of and including the above transactions, the outstanding aggregate interest held by each PDMR in the Shares of the Company is as follows:
(8) Pursuant to the rules of the Company''s Savings-Related Share Option Scheme
(9) Pursuant to the rules of the Company''s LTIP, MSP and DSBP (as applicable)
* These interests are significantly in excess of the required holding levels for the Chief Executive (250% x salary) and Chief Financial Officer (200% x salary) under the Company''s share ownership guidelines
This notice is given in fulfilment of the Company''s obligation under DTR 3.1.2R.
Michael Arnaouti
+44 (0)20 7024 5219
Group Company Secretary
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Datum: 28.07.2015 - 11:39 Uhr
Sprache: Deutsch
News-ID 1375131
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