British Land Announces Director/PDMR Shareholding
Why we think this is neutral
This RNS announcement is related to a director/PDMR shareholding update, which does not fall into any of the mandatory news types that would require a more detailed analysis. The announcement provides details on the granting of conditional performance share awards to the company's executive directors and other PDMRs, which is a routine corporate governance matter.
Key Points
- Conditional performance share awards granted to Executive Directors and PDMRs under the LTIP
- Awards subject to performance conditions based on Total Accounting Return, Total Shareholder Return, and ESG measures
- Two-year post-vesting holding period for Executive Directors
Summary
British Land has announced the grant of conditional awards of ordinary shares to its Executive Directors and other Persons Discharging Managerial Responsibilities (PDMRs) under the company's Long-Term Incentive Plan (LTIP). The awards are subject to performance conditions based on Total Accounting Return, Total Shareholder Return, and Environmental, Social, Governance measures. A two-year post-vesting holding period applies to any shares vesting for Executive Directors.