Market Purchase for the Employee Benefit TrustSource: RNS
Land Securities Group PLC (the "Company")
Market purchase of Company shares by the Company's employee benefit trust
Land Securities Group PLC today confirms that on 17 July 2020, Equiniti Trust (Jersey) Limited, acting as Trustee of the Land Securities Deferred Bonus Plan Trust (the "Trust"), purchased in the market 125,907 Ordinary Shares of nominal value 10 2/3 pence each in the capital of the Company ("Shares") at a price of £5.479902 per share. In addition, on 20 July 2020 Equiniti Trust (Jersey) Limited, acting as Trustee of the Trust purchased in the market 124,093 Shares at a price of £5.499956 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, Mark Allan, Martin Greenslade and Colette O'Shea as Executive Directors, are amongst the potential beneficiaries of the Trust.
Following the above transaction, the Trust holds 1,050,804 Shares for the above purpose, representing 0.14% of the Company's issued share capital with voting rights.
For further information, please contact:
Land Securities Group PLC
Deputy Company Secretary
Tel: +44 (20) 7024 5280
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