Director/PDMR Shareholding - Replacement

RNS Number : 2303Z

Great Portland Estates PLC

16 September 2015

 

The following amendment has been made to the 'Great Portland Ests. Director/PDMR Shareholding' announcement for the GPE Long-Term Incentive Plan (LTIP) released on 15 September 2015 at 16.33 under RNS No 1540Z.

The announcement has been amended to correct the heading to the third table.  All other details remain unchanged.

The full amended announcement is shown below.

Great Portland Estates plc (GPE)

GPE Long-Term Incentive Plan (LTIP)

15 September 2015

As a result of achievement of the performance target relating to Performance and Matching awards made on 7 June 2012, the Directors listed below received the following number of GPE ordinary shares of 12.5p each:

	No. of Ordinary shares of 12.5p each
Toby Courtauld, Chief Executive	310,384
Nick Sanderson, Finance Director	184,150
Neil Thompson, Portfolio Director	247,077

In order to meet the tax/NI liability of these shares, the following were sold on 14 September 2015 at a price of 840.2p per share:

	No. of Ordinary shares of 12.5p each sold for tax/NI purposes
Toby Courtauld, Chief Executive	145,881
Nick Sanderson, Finance Director	86,551
Neil Thompson, Portfolio Director	116,127

In addition, the following shares were sold on 14 September 2015 at a price of 837.7p per share

	No. of Ordinary shares of 12.5p each
Nick Sanderson, Finance Director	75,000

The total number of GPE shares now held by each of these Directors and their total percentage holding following these transactions is as follows:

	No. of Ordinary shares of 12.5p each*	Total percentage holding
Toby Courtauld, Chief Executive	1,504,151	0.44%
Nick Sanderson, Finance Director	208,440	0.06%
Neil Thompson, Portfolio Director	784,696	0.23%

* Includes shares beneficially held in the Company's SIP

Contact:

Desna Martin, Company Secretary

020 7647 3000

 

END

 

 

RDSLFMMTMBMBBIA