Director/PDMR Shareholding

Great Portland Estates PLC

21 June 2024

 

21 June 2024

Great Portland Estates plc (the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company announces that, on 20 June 2024, to reflect the impact of the Company's 2024 rights issue, adjustments were made to the share awards and options granted to Directors under the Company's discretionary share plans by way of an increase in the number of Ordinary Shares of 15 ⁵/₁₉ pence each in the Company ("Shares") subject to the awards or options as set out below:

Adjustments to awards granted under the Company's Long Term Incentive Plan (LTIP), Restricted Share Plan (RSP) and Deferred Share Bonus Plan (DSBP) Awards

Director	Position/Status	Award/Option	Price(s)	Number of additional Shares
Toby Courtauld	Chief Executive	2019 LTIP (vested but unexercised option)	£Nil	3,850
		2022 LTIP Award	£Nil	61,900
		2023 RSP Award	£Nil	49,666
		2022 DSBP Award	£Nil	6,728
		2023 DSBP Award	£Nil	10,609
Nick Sanderson	Chief Financial & Operating Officer	2019 LTIP (vested but unexercised option)	£Nil	2,649
		2022 LTIP Award	£Nil	42,587
		2023 RSP Award	£Nil	34,171
		2022 DSBP Award	£Nil	4,629
		2023 DSBP Award	£Nil	7,383
Dan Nicholson	Executive Director	2022 LTIP Award	£Nil	34,692
		2023 RSP Award	£Nil	27,836
		2022 DSBP Award	£Nil	1,726
		2023 DSBP Award	£Nil	5,809

The Company further announces that, on 21 June 2024, to reflect the impact of the Company's 2024 rights issue, the following Directors received additional Shares by way of an adjustment to their 2021 DSBP Awards that they exercised at the time of the rights issue (and which they were unable to exercise before the record date for participation in the 2024 rights issue), as set out below.   The Directors also sold the following number of Shares to meet income tax and National Insurance contributions liabilities arising on the receipt of the additional Shares at a price of 335.2515p per share:  

Director	Position/Status	Number of additional Shares	Number of Shares sold for tax/NIC purposes
Toby Courtauld	Chief Executive	2,557	1,210
Nick Sanderson	Chief Financial & Operating Officer	1,870	887

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	Award of further shares in respect of an option granted and exercised pursuant to The Great Portland Estates Deferred Share Bonus Plan to reflect the impact of the 2024 rights issue
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	2,557
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 2,557 Aggregated price: Nil Aggregated total: 2,557 ordinary shares
e)	Date of transaction	21 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 5/19p ISIN: GB00BF5H9P87
b)	Nature of the transaction	Award of further shares in respect of an option granted and exercised pursuant to The Great Portland Estates Deferred Share Bonus Plan to reflect the impact of the 2024 rights issue
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	1,870
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 1,870 Aggregated price: Nil Aggregated total: 1,870 ordinary shares
e)	Date of transaction	21 June 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 cover income tax and National Insurance contributions liabilities arising on the receipt of further shares in respect of an option granted and exercised pursuant to The Great Portland Estates Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	335.2515p	1,210
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 1,210 Aggregated price: £4,056.54 Aggregated total: 1,210 ordinary shares
e)	Date of transaction	21 June 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 5/19p ISIN: GB00BF5H9P87
b)	Nature of the transaction	Sale of shares to cover income tax and National Insurance contributions liabilities arising on the receipt of further shares in respect of an option granted and exercised pursuant to The Great Portland Estates Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	335.2515p	887
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 887 Aggregated price: £2,973.68 Aggregated total: 887 ordinary shares
e)	Date of transaction	21 June 2024
f)	Place of the transaction	London Stock Exchange (XLON)

Contact: Great Portland Estates plc

Darren Lennark

General Counsel & Company Secretary

020 7647 3000

 

END