Director/PDMR Shareholding

RNS Number : 9462G

Great Portland Estates PLC

18 November 2022

 

18 November 2022

Great Portland Estates plc (the "Company")

Exercise of nil-cost options under The Great Portland Estates Long Term Incentive Plan (the "LTIP")

The Company announces that, on 17 November 2022, the following Directors exercised their nil cost options over ordinary shares of 15 ⁵/₁₉ pence each in the Company granted under the LTIP on 7 July 2017. Vesting of these options was subject to criteria relating to the Company's performance over a three-year performance period to 6 July 2020 and the options were then subject to a two-year holding period following the end of the performance period. The options became exercisable for up to 12 months with effect from 7 July 2022.

Director	PDMR / Title	No. of ordinary shares of 15 5/19 p each acquired upon exercise of options
Toby Courtauld	Chief Executive	83,551
Nick Sanderson	Chief Financial & Operating Officer	54,730

In order to meet the income tax and national insurance liabilities arising on the exercise of the options, the following numbers of shares were sold by the Directors on 17 November 2022 at a price of 532.6545p per share:

Director	PDMR / Title	No. of ordinary shares of 15 5/19 p each sold for tax/NIC purposes
Toby Courtauld	Chief Executive	39,270
Nick Sanderson	Chief Financial & Operating Officer	25,724

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 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	83,551
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 83,551 Aggregated price: Nil Aggregated total: 83,551 ordinary shares
e)	Date of transaction	17 November 2022
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 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	54,730
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 54,730 Aggregated price: Nil Aggregated total: 54,730 ordinary shares
e)	Date of transaction	17 November 2022
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 liabilities following the exercise of options granted under the rules of The Great Portland Estates Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	532.6545p	39,270
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 39,270 Aggregated price: 532.6545p Aggregated total: £200,173.42
e)	Date of transaction	17 November 2022
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 liabilities following the exercise of options granted under the rules of The Great Portland Estates Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	532.6545p	25,724
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 25,724 Aggregated price: 532.6545p Aggregated total: £137,020.04
e)	Date of transaction	17 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

Contact: Great Portland Estates plc

Darren Lennark

General Counsel & Company Secretary

020 7647 3000

 

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