Director/PDMR Shareholding

RNS Number : 1745B

Great Portland Estates PLC

08 June 2021

 

8 June 2021

Great Portland Estates plc (the "Company")

Grant of Awards under the GPE Long-Term Incentive Plan (the "LTIP")

The Company announces that, on 7 June 2021, the following Directors were granted awards over Ordinary Shares of 15 ⁵/₁₉ pence each in the Company under the LTIP, the number of shares being calculated using a market price of 733.00 pence per share: 

Director	Date of Grant	Performance Award Number of Shares	Vesting Date	Date Exercisable
Toby Courtauld	07.06.21	255,587	07.06.24	07.06.26
Nick Sanderson	07.06.21	175,845	07.06.24	07.06.26

The above awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three-year performance period commencing on the date of grant.

The vested shares will be subject to a two-year holding period following the end of the performance 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).

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 5/19p ISIN: GB00BF5H9P87
b)	Nature of the transaction	Grant of a nil cost option performance share award under the Company's Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	255,587
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 255,587 Aggregated price: 0.0p Aggregated total: 255,587 ordinary shares
e)	Date of transaction	7 June 2021
f)	Place of the transaction	Outside a 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 a nil cost option performance share award under the Company's Long Term Incentive Plan
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	175,845
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 175,845 Aggregated price: 0.0 p Aggregated total: 175,845 ordinary shares
e)	Date of transaction	7 June 2021
f)	Place of the transaction	Outside a trading venue

Contact: Great Portland Estates plc

Darren Lennark

General Counsel & Company Secretary

020 7647 3000

 

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