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Introducing Below The Lights
Below The Lights opened in summer 2024 in the heart of London - under the famous Piccadilly Lights.A unique Spotlight space for immersive events, Below The Lights is a place where brands can create memorable experiences and incredible media campaigns.
About
We build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential.
Impact report
Our 2022 impact report deep dives into the ways our places and activities are making a difference across the UK. From our economic contributions to the social and sustainable value we deliver, we recognise that the consequences of the actions we take as an organisation are both far-reaching and long-lasting.
The potential of sustainable retail
Sustainable retail has the potential to boost local UK economies by nearly £100m and grow brand revenues by up to 13%.
Investors
Discover the strategy that drives our success, as we create sustainable value for our three types of investor: institutional, private and debt.
Half Year Results 2024
Land Securities Group PLC announced its half year results for the six months ended 30 September 2024 on Friday 15 November 2024
Creating valuable places
We enter the coming year with a renewed sense of clarity and purpose.
Sustainability
We're working to enhance the health of our environment and improve quality of life for our people, customers and communities - now, and for future generations.
Landsec Futures
Landsec Futures is a £20m fund that aims to deliver around £200m of social value by 2030, supporting at least 30,000 people from underrepresented socio-economic backgrounds towards long-term employment. It will also provide the chance to increase the diversity of talent across the industry and in our business.
We are working to Let Nature In
We’re letting nature into the design, development, and management of our spaces. We’re improving biodiversity; promoting health, wellbeing and community engagement by creating green spaces; and creating nature-based solutions to mitigate and adapt to climate change.
Careers
Life at Landsec
We're shining a spotlight on some of the inspirational people that work for us as part of our Life at Landsec series.
Media & Insights
Reverse mentoring for an inclusive future
Earlier this year, nine executive leadership team members (ELT) were each paired with a more junior colleague for a six-month reverse mentoring opportunity.
4 February 2020
Land Securities Group PLC (“Landsec” or the “Company”) is pleased to announce that Mark Allan will start as its Chief Executive Officer (“CEO”) and a Director with effect from 1 May 2020. Mr Allan’s appointment as CEO was announced on 22 November 2019, together with details of his remuneration. Robert Noel will step down as CEO and a Director of Landsec with effect from 31 March 2020. Mr Noel’s intention to step down was announced on 11 July 2019. For the period from 1 April to 30 April 2020, Martin Greenslade will be acting CEO in addition to his role as Chief Financial Officer.
Section 430(2B) Companies Act 2006 Statement - Robert Montague Noel
The following information is provided in accordance with section 430(2B) of the Companies Act 2006.
The following arrangements will apply in respect of Mr Noel’s remuneration. These arrangements comply with Landsec’s Remuneration Policy, which was approved by shareholders at the Annual General Meeting in July 2018.
1. Salary and benefits Mr Noel will continue to receive his normal remuneration in terms of basic salary, pension allowance, car allowance and company benefits, in accordance with his service agreement, up to 10 July 2020. The total value of these for the period from 1 April to 10 July is £292,227 (less all necessary deductions).
2. Bonus The Remuneration Committee has determined that Mr Noel will be eligible to receive a bonus in respect of the Company’s financial year ending 31 March 2020. He will have been employed for the full 2019/20 financial year. The amount of any bonus will be subject to Landsec’s Bonus Plan Scheme Rules and the satisfaction of the relevant performance criteria and will be determined by the Remuneration Committee in May, following the review of the performance of the year to 31 March 2020. In accordance with Landsec’s Remuneration Policy, any bonus amount in excess of 50% of salary will be deferred into shares for one year and any bonus amount in excess of 100% of salary will be deferred into shares for two years. The remainder will be paid on the normal bonus payment date.
No bonus will be paid to Mr Noel in respect of the Landsec Bonus Plan for the financial year commencing on 1 April 2020.
3. Deferred Share Bonus Plan awards The Remuneration Committee has determined that Mr Noel will be treated as a good leaver in respect of his outstanding unvested options under the Landsec Deferred Share Bonus Plan 2015 (the “DSBP”). Mr Noel’s outstanding unvested DSBP options over 25,076 shares will vest in full and become exercisable for a six-month period commencing on the normal vesting date, 25 June 2020, subject to the rules of the DSBP.
As reported above, Mr Noel may receive a further award under the DSBP in respect of a proportion of any bonus he receives for the Company’s financial year ending 31 March 2020.
Any shares acquired on the exercise of the options (if exercise occurs) will be subject to the Remuneration Committee’s right under the DSBP to apply malus and clawback provisions.
4. Share incentives The Remuneration Committee has determined that Mr Noel will be treated as a good leaver in respect of his outstanding unvested share options under the Landsec Long-Term Incentive Plan 2015 (the “LTIP”). In accordance with the rules of the LTIP, Mr Noel’s outstanding unvested LTIP share options will vest on the normal vesting dates, subject to satisfaction of the relevant performance conditions and on a time pro-rated basis as detailed below:
In accordance with the rules of the LTIP, Mr Noel will be required to retain and shall not be permitted to transfer or otherwise dispose of any shares that have vested under the LTIP for a period of two years after the vesting date shown in the table above. 1 This reflects time pro-rating, but the number of shares which vest will be subject to the achievement of the relevant performance conditions.
Any shares acquired on the exercise of the options will be subject to the Remuneration Committee’s right under the LTIP to apply malus and clawback provisions.
5. Further Information The relevant remuneration details relating to Mr Noel will be included in the Directors' Remuneration Report in the Annual Report and Accounts for the year ended 31 March 2020.
Other than the amounts disclosed above, Mr Noel will not be eligible for any remuneration payments or payments for loss of office. In line with best practice, Mr Noel is contractually bound to hold no less than 100,000 ordinary shares in Landsec for a period of two years. These may include vested shares under the LTIP. Such holding period will commence on 1 April 2020. In accordance with section 430(2B) of the Companies Act 2006, the information contained in this document will be made available on Landsec’s website until its next Directors' Remuneration Report is made available. Ends
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