REG - Great Portland Ests. - Director/PDMR Shareholding

Great Portland EstatesAnnouncement

10/09/2024 15:45

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RNS Number : 6302D  Great Portland Estates PLC  10 September 2024

10 September 2024

 

Great Portland Estates plc (the "Company")

 

Exercise of nil-cost options under The Great Portland Estates Long Term
Incentive Plan (the "LTIP")

 

The Company announces that, on 9 September 2024, the following Directors:

(i)       exercised their nil cost options granted under the LTIP on 3
June 2019 over the following numbers of ordinary shares of 15 (5)/(19) pence
each in the Company:

 

 Director        PDMR / Title                             No. of ordinary shares of 15 (5)/(19)p each acquired upon exercise of options
 Toby Courtauld  Chief Executive                          22,536
 Nick Sanderson  Chief Financial & Operating Officer      15,505

 

(ii)      sold the following numbers of ordinary shares of 15 (5)/(19)
pence each in the Company in order to meet the income tax and National
Insurance contributions liabilities arising on the exercise of their options
at a price of 347.522p per share:

 

 Director        PDMR / Title                             No. of ordinary shares of 15 (5)/(19)p each sold for tax/NIC purposes
 Toby Courtauld  Chief Executive                          10,593
 Nick Sanderson  Chief Financial & Operating Officer      7,288

 

 

 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                Exercise of nil cost options granted under the rules of The Great Portland
                                              Estates Long Term Incentive Plan.
 c)  Price(s) and volume(s)                   Price                                   Volume(s)
     Ordinary shares                          Nil consideration                       22,536
 d)  Aggregated information                   Aggregated volume: 22,536

     Aggregated volume                        Aggregated price: Nil

     Aggregated price                         Aggregated total: 22,536 ordinary shares

     Aggregated total
 e)  Date of transaction                      9 September 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                Exercise of nil cost options granted under the rules of The Great Portland
                                              Estates Long Term Incentive Plan.
 c)  Price(s) and volume(s)                   Price                                   Volume(s)
     Ordinary shares                          Nil consideration                       15,505
 d)  Aggregated information                   Aggregated volume: 15,505

     Aggregated volume                        Aggregated price: Nil

     Aggregated price                         Aggregated total: 15,505 ordinary shares

     Aggregated total
 e)  Date of transaction                      9 September 2024
 f)  Place of the transaction                 London Stock Exchange (XLON)

 

 

 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 meet income tax and National Insurance contributions
                                              liabilities arising on the exercise of options granted under the rules of The
                                              Great Portland Estates Long Term Incentive Plan.
 c)  Price(s) and volume(s)                   Price                                     Volume(s)
     Ordinary shares                          347.522p                                  10,593
 d)  Aggregated information                   Aggregated volume: 10,593

     Aggregated volume                        Aggregated price: £3.47522

     Aggregated price                         Aggregated total: £36,813.01

     Aggregated total
 e)  Date of transaction                      9 September 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 meet income tax and National Insurance contributions
                                              liabilities arising on the exercise of options granted under the rules of The
                                              Great Portland Estates Long Term Incentive Plan.
 c)  Price(s) and volume(s)                   Price                                     Volume(s)
     Ordinary shares                          347.522p                                  7,288
 d)  Aggregated information                   Aggregated volume: 7,288

     Aggregated volume                        Aggregated price: £3.47522

     Aggregated price                         Aggregated total: £25,327.40

     Aggregated total
 e)  Date of transaction                      9 September 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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