Business
Market purchase for the employee benefit trust
Market purchase for the employee benefit trust.
About this update from Land Securities Group Plc
[{"type":"text","content":"\n \nRNS Number : 3731E Land Securities Group PLC 08 February 2018 \n\nLand Securities Group PLC\n(\"Company\") \n \n \nMarket purchase of Company shares by the Company's employee benefit trust\nLand Securities Group PLC today confirms that on 7 February 2018, ACS HRS Solutions Share Plan Services (Guernsey) Limited, acting as Trustee of the Land Securities Deferred Bonus Plan Trust (\"Trust\"), purchased in the market 250,000 (two hundred and fifty thousand) Ordinary Shares of nominal value 10 2/3 pence each in the capital of the Company (\"Shares\") at a price of £9.477 per share.\nThe 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, Martin Greenslade, Colette O'Shea and Scott Parsons as Executive Directors, are amongst the potential beneficiaries of the Trust. \nFollowing the above transaction, the Trust holds 1,075,667 Shares for the above purpose, representing 0.15% of the Company's issued share capital with voting rights.\n \nEND\n \nFor further information, please contact:\nLand Securities Group PLC \nLiz Miles \nDeputy Company Secretary \nTel: +44 (20) 7024 5280 \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END POSQVLFBVLFZBBZ\n ","length":2478,"tagName":"div"}]