Director/PDMR Shareholding

RNS Number : 2311Q

Great Portland Estates PLC

04 June 2018

 

Great Portland Estates plc (GPE)

GPE Long-Term Incentive Plan (LTIP)

4 June 2018

The Company announces that on Monday 4 June 2018 it granted awards under the Company's 2010 Long Term Incentive Plan.  The awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three year period commencing on the date of grant.

The 428,073 Ordinary Shares of 15 ⁵/₁₉ pence, granted under the Company 2010 Long Term Incentive Plan were allocated as follows:

Director	Date of Grant	Performance Award Number of Shares	Vesting Date	Date Exercisable
Toby Courtauld	04.06.18	254,848	04.06.21	04.06.23
Nick Sanderson	04.06.18	173,225	04.06.21	04.06.23

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	Awards granted on 4 June 2018 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	254,848
d)	Aggregated information -    Aggregated volume -    Aggregated price -    Aggregated total	Aggregated volume: 254,848 Aggregated price: 0.0p Aggregated total: 254,848 ordinary shares
e)	Date of transaction
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	Finance 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	Awards granted on 4 June 2018 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	173,225
d)	Aggregated information -    Aggregated volume -    Aggregated price -    Aggregated total	Aggregated volume: 173,225 Aggregated price: 0.0p Aggregated total:173,225 ordinary shares
e)	Date of transaction
f)	Place of the transaction	London Stock Exchange (XLON)

Contact:

Desna Martin, Company Secretary

020 7647 3000

 

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