REG - Great Portland Ests. - Director/PDMR Shareholding
21/06/2024 15:15
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RNS Number : 4545T Great Portland Estates PLC 21 June 2024
21 June 2024
Great Portland Estates plc (the "Company")
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
The Company announces that, on 20 June 2024, to reflect the impact of the
Company's 2024 rights issue, adjustments were made to the share awards and
options granted to Directors under the Company's discretionary share plans by
way of an increase in the number of Ordinary Shares of 15 (5)/(19) pence each
in the Company ("Shares") subject to the awards or options as set out below:
Adjustments to awards granted under the Company's Long Term Incentive Plan
(LTIP), Restricted Share Plan (RSP) and Deferred Share Bonus Plan (DSBP)
Awards
Director Position/Status Award/Option Price(s) Number of additional Shares
Toby Courtauld Chief Executive 2019 LTIP (vested but unexercised option) £Nil 3,850
2022 LTIP Award £Nil 61,900
2023 RSP Award £Nil 49,666
2022 DSBP Award £Nil 6,728
2023 DSBP Award £Nil 10,609
Nick Sanderson Chief Financial & Operating Officer 2019 LTIP (vested but unexercised option) £Nil 2,649
2022 LTIP Award £Nil 42,587
2023 RSP Award £Nil 34,171
2022 DSBP Award £Nil 4,629
2023 DSBP Award £Nil 7,383
Dan Nicholson Executive Director 2022 LTIP Award £Nil 34,692
2023 RSP Award £Nil 27,836
2022 DSBP Award £Nil 1,726
2023 DSBP Award £Nil 5,809
The Company further announces that, on 21 June 2024, to reflect the impact of
the Company's 2024 rights issue, the following Directors received additional
Shares by way of an adjustment to their 2021 DSBP Awards that they exercised
at the time of the rights issue (and which they were unable to exercise before
the record date for participation in the 2024 rights issue), as set out below.
The Directors also sold the following number of Shares to meet income tax
and National Insurance contributions liabilities arising on the receipt of the
additional Shares at a price of 335.2515p per share:
Director Position/Status Number of additional Shares Number of Shares sold for tax/NIC purposes
Toby Courtauld Chief Executive 2,557 1,210
Nick Sanderson Chief Financial & Operating Officer 1,870 887
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
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 Award of further shares in respect of an option granted and exercised pursuant
to The Great Portland Estates Deferred Share Bonus Plan to reflect the impact
of the 2024 rights issue
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 2,557
d) Aggregated information Aggregated volume: 2,557
Aggregated volume Aggregated price: Nil
Aggregated price Aggregated total: 2,557 ordinary shares
Aggregated total
e) Date of transaction 21 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 Award of further shares in respect of an option granted and exercised pursuant
to The Great Portland Estates Deferred Share Bonus Plan to reflect the impact
of the 2024 rights issue
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares Nil consideration 1,870
d) Aggregated information Aggregated volume: 1,870
Aggregated volume Aggregated price: Nil
Aggregated price Aggregated total: 1,870 ordinary shares
Aggregated total
e) Date of transaction 21 June 2024
f) Place of the transaction Outside of trading venue
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 Sale of shares to cover income tax and National Insurance contributions
liabilities arising on the receipt of further shares in respect of an option
granted and exercised pursuant to The Great Portland Estates Deferred Share
Bonus Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares 335.2515p 1,210
d) Aggregated information Aggregated volume: 1,210
Aggregated volume Aggregated price: £4,056.54
Aggregated price Aggregated total: 1,210 ordinary shares
Aggregated total
e) Date of transaction 21 June 2024
f) Place of the transaction London Stock Exchange (XLON)
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 Sale of shares to cover income tax and National Insurance contributions
liabilities arising on the receipt of further shares in respect of an option
granted and exercised pursuant to The Great Portland Estates Deferred Share
Bonus Plan
c) Price(s) and volume(s) Price Volume(s)
Ordinary shares 335.2515p 887
d) Aggregated information Aggregated volume: 887
Aggregated volume Aggregated price: £2,973.68
Aggregated price Aggregated total: 887 ordinary shares
Aggregated total
e) Date of transaction 21 June 2024
f) Place of the transaction London Stock Exchange (XLON)
Contact:
Great Portland Estates plc
Darren Lennark
General Counsel & Company Secretary
020 7647 3000
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