Director/PDMR Shareholding

Great Portland Estates PLC

21 June 2024

 

21 June 2024

Great Portland Estates plc (the "Company")

Grant of Awards under the Great Portland Estates plc Deferred Share Bonus Plan (the "DSBP") and Restricted Share Plan (the "RSP")

The Company announces that, on 20 June 2024 (the "Grant Date"), the following Directors were each granted awards under the DSBP and the RSP over the number of Ordinary Shares of 15 ⁵/₁₉ pence in the Company set out against their names below, the number of shares being calculated using a market price of 340.70 pence per share:   

Director	Position/Status	Share Plan	Grant date	Number of shares subject to award	Vesting date	Date exercisable
Toby Courtauld	Chief Executive	DSBP	20.06.2024	76,689	20.06.2027	20.06.2027
		RSP	20.06.2024	304,769	20.06.2027	20.06.2029
Nick Sanderson	Chief Financial & Operating Officer	DSBP	20.06.2024	52,763	20.06.2027	20.06.2027
		RSP	20.06.2024	209,683	20.06.2027	20.06.2029
Dan Nicholson	Executive Director	DSBP	20.06.2024	42,646	20.06.2027	20.06.2027
		RSP	20.06.2024	170,811	20.06.2027	20.06.2029

The awards under the DSBP were granted as nil cost options and were granted in respect of the deferred bonus for the 2023/24 financial year.

The awards under the RSP were granted as nil cost options and are subject to continued service and underpin conditions relating to the period expiring on the third anniversary of the Grant Date. The vested shares will be subject to a two-year holding period following the end of the three year underpin 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 awards: 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 76,689 d) Aggregated information -      Aggregated volume -      Aggregated price -      Aggregated total Aggregated volume: 76,689 Aggregated price: 0.0p Aggregated total: 76,689 ordinary shares e) Date of transaction 20 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 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 52,763 d) Aggregated information -      Aggregated volume -      Aggregated price -      Aggregated total Aggregated volume: 52,763 Aggregated price: 0.0p Aggregated total: 52,763 ordinary shares e) Date of transaction 20 June 2024 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 42,646 d) Aggregated information -      Aggregated volume -      Aggregated price -      Aggregated total Aggregated volume: 42,646 Aggregated price: 0.0p Aggregated total: 42,646 ordinary shares e) Date of transaction 20 June 2024 f) Place of the transaction Outside of trading venue RSP awards: 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 Restricted Share Plan c) Price(s) and volume(s) Price Volume(s) Ordinary shares Nil consideration 304,769 d) Aggregated information -      Aggregated volume -      Aggregated price -      Aggregated total Aggregated volume: 304,769 Aggregated price: 0.0p Aggregated total: 304,769 ordinary shares e) Date of transaction 20 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 Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates Restricted Share Plan c) Price(s) and volume(s) Price Volume(s) Ordinary shares Nil consideration 209,683 d) Aggregated information -      Aggregated volume -      Aggregated price -      Aggregated total Aggregated volume: 209,683 Aggregated price: 0.0p Aggregated total: 209,683 ordinary shares e) Date of transaction 20 June 2024 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 Restricted Share Plan c) Price(s) and volume(s) Price Volume(s) Ordinary shares Nil consideration 170,811 d) Aggregated information -      Aggregated volume -      Aggregated price -      Aggregated total Aggregated volume: 170,811 Aggregated price: 0.0p Aggregated total: 170,811 ordinary shares e) Date of transaction 20 June 2024 f) Place of the transaction Outside of trading venue Contact: Great Portland Estates plc

Darren Lennark

General Counsel & Company Secretary

020 7647 3000

 

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