Director/PDMR Shareholding

Great Portland Estates PLC
29 May 2024
 

 

 

29 May 2024

 

Great Portland Estates plc (the "Company")

 

Exercise of nil-cost options under The Great Portland Estates Deferred Share Bonus Plan (the "DSBP")

 

The Company announces that, on 28 May 2024, the following Directors:

(i)       exercised their nil cost options over the following numbers of ordinary shares of 15 5/19 pence each in the Company granted under the DSBP on 27 May 2021:

 

Director

PDMR / Title

No. of ordinary shares of 15 5/19 p each acquired upon exercise of options

Toby Courtauld

Chief Executive

12,410

Nick Sanderson

Chief Financial & Operating Officer

9,075

 

(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 3.535p per share:

 

 

Director

PDMR / Title

No. of ordinary shares of 15 5/19 p each sold for tax/NIC purposes

Toby Courtauld

Chief Executive

5,833

Nick Sanderson

Chief Financial & Operating Officer

4,266

 

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

Exercise of nil cost options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

12,410

d)

Aggregated information

Aggregated volume

Aggregated price

Aggregated total

Aggregated volume: 12,410

Aggregated price: Nil

Aggregated total: 12,410 ordinary shares

e)

Date of transaction

28 May 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

Exercise of nil cost options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

9,075

d)

Aggregated information

Aggregated volume

Aggregated price

Aggregated total

Aggregated volume: 9,075

Aggregated price: Nil

Aggregated total: 9,075 ordinary shares

e)

Date of transaction

28 May 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 5/19p

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 Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

3.535p

5,833

d)

Aggregated information

Aggregated volume

Aggregated price

Aggregated total

Aggregated volume: 5,833

Aggregated price: 3.535p

Aggregated total: £20,619.66

e)

Date of transaction

28 May 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 Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

3.535p

4,266

d)

Aggregated information

Aggregated volume

Aggregated price

Aggregated total

Aggregated volume: 4,266

Aggregated price: 3.535p

Aggregated total: £15,080.31

e)

Date of transaction

28 May 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

Contact:

Great Portland Estates plc







Darren Lennark

General Counsel & Company Secretary

020 7647 3000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings