Director/PDMR Shareholding
Source: RNS
Land Securities Group PLC
(Company)
Notification of transactions by
Persons Discharging Managerial Responsibilities (PDMRs)
On 26 June 2025, the PDMRs listed below (who are both Executive Directors) acquired an interest in Options over the Company's Shares following the grant of awards. Mark Allan and Vanessa Simms were granted awards under the Company's Omnibus Share Plan Rules 2024. The number of Options were calculated by reference to a price of £6.225, being the Company's middle market quotation price for a share on 25 June 2025.
Deferred Share Bonus Award (DSB): awards made because of the deferral of the PDMR's bonus entitlement for the year ended 31 March 2025. Subject to continued employment with Landsec, the PDMRs will become entitled to exercise the Options arising from the DSB between 26 June 2026 and 26 June 2035.
Performance Share Award (PSA): awards normally vest on the third anniversary of grant subject to the Company's achievement of certain performance conditions (Total Shareholder Return, Total Return on Equity and Environmental, Social and Governance (includes Carbon Reduction and D&I targets)) for the three-year financial period ending 31 March 2028. The figures shown below are the maximum entitlement should the awards vest in full. Subject to continued employment with Landsec and the scheme rules, the PDMRs will become entitled to exercise the Options arising from the PSA between 26 June 2028 and 26 June 2035.
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1 |
Details of the person discharging managerial responsibilities |
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|
a) |
Name |
Mark Allan |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Land Securities Group PLC |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument Identification code |
- Shares |
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|
|
- GB00BYW0PQ60 |
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|
b) |
Nature of transaction |
Awards of Nil Cost Options over the Company's Shares under the Omnibus Share Plan as a Deferred Share Bonus Award vesting on 26 June 2026 (1) and 26 June 2027 (2). |
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c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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|
|
|
£6.225 |
70,551 (1) 34,507 (2) |
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d) |
Aggregated information |
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|
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- Aggregated volume |
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- Price |
Total Price £653,986 |
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e) |
Date of the transaction |
26/06/2025 |
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f) |
Place of the transaction |
N/A |
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|
1 |
Details of the person discharging managerial responsibilities |
|||
|
a) |
Name |
Mark Allan |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Chief Executive Officer |
||
|
b) |
Initial notification/Amendment |
Initial |
||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||
|
a) |
Name |
Land Securities Group PLC |
||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||
|
a) |
Description of the financial instrument, type of instrument Identification code |
- Shares |
||
|
|
- GB00BYW0PQ60 |
|||
|
b) |
Nature of transaction |
Award of Nil Cost Options over the Company's Shares under the Omnibus Share Plan as a Performance Share Award. |
||
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
|
£6.225 |
436,017 |
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d) |
Aggregated information |
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|
|
|
|
||
|
- Aggregated volume |
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|
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|
- Price |
Total Price £2,714,206 |
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||
|
e) |
Date of the transaction |
26/06/2025 |
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|
f) |
Place of the transaction |
N/A |
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|
1 |
Details of the person discharging managerial responsibilities |
||
|
a) |
Name |
Vanessa Simms |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Chief Financial Officer |
|
|
b) |
Initial notification/Amendment |
Initial |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Land Securities Group PLC |
|
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
|
a) |
Description of the financial instrument, type of instrument Identification code |
- Shares |
|
|
|
- GB00BYW0PQ60 |
||
|
b) |
Nature of transaction |
Awards of Nil Cost Options over the Company's Shares under the Omnibus Share Plan as a Deferred Share Bonus Award vesting on 26 June 2026 (1) and 26 June 2027 (2). |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
£6.225 |
43,213 (1) 28,719 (2)
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|
d) |
Aggregated information |
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|
|
|
|
|
|
- Aggregated volume |
|
|
|
|
- Price |
Total Price £447,777 |
|
|
|
e) |
Date of the transaction |
26/06/2025 |
|
|
f) |
Place of the transaction |
N/A |
|
|
1 |
Details of the person discharging managerial responsibilities |
|||
|
a) |
Name |
Vanessa Simms |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Chief Financial Officer |
||
|
b) |
Initial notification/Amendment |
Initial |
||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||
|
a) |
Name |
Land Securities Group PLC |
||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||
|
a) |
Description of the financial instrument, type of instrument Identification code |
- Shares |
||
|
|
- GB00BYW0PQ60 |
|||
|
b) |
Nature of transaction |
Award of Nil Cost Options over the Company's Shares under the Omnibus Share Plan as a Performance Share Award. |
||
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
|
£6.225 |
267,060 |
|
|
d) |
Aggregated information |
|
|
|
|
|
|
|
||
|
- Aggregated volume |
|
|
||
|
- Price |
Total Price £1,662,449 |
|
||
|
e) |
Date of the transaction |
26/06/2025 |
||
|
f) |
Place of the transaction |
N/A |
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For further information, please contact:
Land Securities Group PLC
Maria Smout, Senior Assistant Company Secretary
Tel: 020-7024 5041
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