Director/PDMR Shareholding

RNS Number : 1332N

Great Portland Estates PLC

27 May 2022

 

27 May 2022

Great Portland Estates plc (the "Company")

Grant of Awards under the Great Portland Estates plc Deferred Share Bonus Plan (the "DSBP") and The Great Portland Estates Long Term Incentive Plan (the "LTIP")

The Company announces that, on 27 May 2022, the following Directors were granted awards over Ordinary Shares of 15 ⁵/₁₉ pence each in the Company under the DSBP and LTIP, the number of shares being calculated using a market price of 645.50 pence per share: 

1.  DSBP

Director	Date of Grant	Number of Shares subject to award	Vesting Date	Date Exercisable
Toby Courtauld	27.05.2022	32,652	27.05.2025	27.05.2025
Nick Sanderson	27.05.2022	22,465	27.05.2025	27.05.2025
Dan Nicholson	27.05.2022	8,377	27.05.2025	27.05.2025

The above awards were granted as nil cost options and were granted in respect of the deferred bonus for the 2021/22 financial year.

2.  LTIP

Director	Date of Grant	Performance Award Number of Shares	Vesting Date	Date Exercisable
Toby Courtauld	27.05.22	300,391	27.05.2025	27.05.2027
Nick Sanderson	27.05.22	206,671	27.05.2025	27.05.2027
Dan Nicholson	27.05.22	168,357	27.05.2025	27.05.2027

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. 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).

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 5/19p 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	32,652
d)	Aggregated information -  Aggregated volume -  Aggregated price -  Aggregated total	Aggregated volume: 32,652 Aggregated price: 0.0p Aggregated total: 32,652 ordinary shares
e)	Date of transaction	27 May 2022
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	22,465
d)	Aggregated information -  Aggregated volume -  Aggregated price -  Aggregated total	Aggregated volume: 22,465 Aggregated price: 0.0p Aggregated total: 22,465 ordinary shares
e)	Date of transaction	27 May 2022
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	8,377
d)	Aggregated information -  Aggregated volume -  Aggregated price -  Aggregated total	Aggregated volume: 8,377 Aggregated price: 0.0p Aggregated total: 8,377 ordinary shares
e)	Date of transaction	27 May 2022
f)	Place of the transaction	Outside of trading venue

LTIP

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 rules of The Great Portland Estates Long Term Incentive Plan
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	300,391
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 300,391 Aggregated price: 0.0p Aggregated total: 300,391 ordinary shares
e)	Date of transaction	27 May 2022
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 rules of The Great Portland Estates Long Term Incentive Plan
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	206,671
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 206,671 Aggregated price: 0.0 p Aggregated total: 206,671 ordinary shares
e)	Date of transaction	27 May 2022
f)	Place of the transaction	Outside a 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 a nil cost option performance share award 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	168,357
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 168,357 Aggregated price: 0.0 p Aggregated total: 168,357 ordinary shares
e)	Date of transaction	27 May 2022
f)	Place of the transaction	Outside a trading venue

Contact: Great Portland Estates plc

Darren Lennark

General Counsel & Company Secretary

020 7647 3000

 

END

 

 

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