REG - Great Portland Ests. - Director/PDMR Shareholding
21/06/2024 15:00
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RNS Number : 4539T Great Portland Estates PLC 21 June 2024
21 June 2024
Great Portland Estates plc (the "Company")
Grant of Awards under the Great Portland Estates plc Deferred Share Bonus Plan
(the "DSBP") and Restricted Share Plan (the "RSP")
The Company announces that, on 20 June 2024 (the "Grant Date"), the following
Directors were each granted awards under the DSBP and the RSP over the number
of Ordinary Shares of 15 (5)/(19) pence in the Company set out against their
names below, the number of shares being calculated using a market price of
340.70 pence per share:
Director Position/Status Share Plan Grant date Number of shares subject to award Vesting date Date exercisable
Toby Courtauld Chief Executive DSBP 20.06.2024 76,689 20.06.2027 20.06.2027
RSP 20.06.2024 304,769 20.06.2027 20.06.2029
Nick Sanderson Chief Financial & Operating Officer DSBP 20.06.2024 52,763 20.06.2027 20.06.2027
RSP 20.06.2024 209,683 20.06.2027 20.06.2029
Dan Nicholson Executive Director DSBP 20.06.2024 42,646 20.06.2027 20.06.2027
RSP 20.06.2024 170,811 20.06.2027 20.06.2029
The awards under the DSBP were granted as nil cost options and were granted in
respect of the deferred bonus for the 2023/24 financial year.
The awards under the RSP were granted as nil cost options and are subject to
continued service and underpin conditions relating to the period expiring on
the third anniversary of the Grant Date. The vested shares will be subject to
a two-year holding period following the end of the three year underpin period.
The Notification of Dealing Forms for each Director can be found below. This
announcement is made in accordance with the UK Market Abuse Regulation
(Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).
DSBP awards:
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Toby Courtauld
2. Reason for the notification
a) Position/status Chief Executive
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19)p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates plc Deferred Share Bonus Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 76,689
d) Aggregated information Aggregated volume: 76,689
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 76,689 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Nick Sanderson
2. Reason for the notification
a) Position/status Chief Financial & Operating Officer
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates plc Deferred Share Bonus Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 52,763
d) Aggregated information Aggregated volume: 52,763
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 52,763 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Dan Nicholson
2. Reason for the notification
a) Position/status Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates plc Deferred Share Bonus Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 42,646
d) Aggregated information Aggregated volume: 42,646
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 42,646 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
RSP awards:
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Toby Courtauld
2. Reason for the notification
a) Position/status Chief Executive
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19)p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates Restricted Share Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 304,769
d) Aggregated information Aggregated volume: 304,769
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 304,769 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Nick Sanderson
2. Reason for the notification
a) Position/status Chief Financial & Operating Officer
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates Restricted Share Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 209,683
d) Aggregated information Aggregated volume: 209,683
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 209,683 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Dan Nicholson
2. Reason for the notification
a) Position/status Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates Restricted Share Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 170,811
d) Aggregated information Aggregated volume: 170,811
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 170,811 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
Contact:
Great Portland Estates plc
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Nick Sanderson
2. Reason for the notification
a) Position/status Chief Financial & Operating Officer
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates plc Deferred Share Bonus Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 52,763
d) Aggregated information Aggregated volume: 52,763
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 52,763 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Dan Nicholson
2. Reason for the notification
a) Position/status Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates plc Deferred Share Bonus Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 42,646
d) Aggregated information Aggregated volume: 42,646
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 42,646 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
RSP awards:
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Toby Courtauld
2. Reason for the notification
a) Position/status Chief Executive
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19)p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates Restricted Share Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 304,769
d) Aggregated information Aggregated volume: 304,769
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 304,769 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Nick Sanderson
2. Reason for the notification
a) Position/status Chief Financial & Operating Officer
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates Restricted Share Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 209,683
d) Aggregated information Aggregated volume: 209,683
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 209,683 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
1. Details of PDMR/person closely associated with them ("PCA")
a) Name Dan Nicholson
2. Reason for the notification
a) Position/status Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, action platform,
auctioneer or auction monitor
a) Name Great Portland Estates plc
b) Legal Entity Identifier 213800JMEDD2Q4N1MC42
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 Ordinary shares of 15 (5)/(19) p
ISIN: GB00BF5H9P87
b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the
rules of the Great Portland Estates Restricted Share Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 170,811
d) Aggregated information Aggregated volume: 170,811
- Aggregated volume Aggregated price: 0.0p
- Aggregated price Aggregated total: 170,811 ordinary shares
- Aggregated total
e) Date of transaction 20 June 2024
f) Place of the transaction Outside of trading venue
Contact:
Great Portland Estates plc
Darren Lennark
General Counsel & Company Secretary
020 7647 3000
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