Director/PDMR Shareholding

Great Portland Estates PLC

29 May 2024

 

29 May 2024

Great Portland Estates plc (the "Company")

Exercise of nil-cost options under The Great Portland Estates Deferred Share Bonus Plan (the "DSBP")

The Company announces that, on 28 May 2024, the following Directors:

(i)       exercised their nil cost options over the following numbers of ordinary shares of 15 ⁵/₁₉ pence each in the Company granted under the DSBP on 27 May 2021:

Director	PDMR / Title	No. of ordinary shares of 15 5/19 p each acquired upon exercise of options
Toby Courtauld	Chief Executive	12,410
Nick Sanderson	Chief Financial & Operating Officer	9,075

(ii)      sold the following numbers of ordinary shares of 15 ⁵/₁₉ pence each in the Company in order to meet the income tax and National Insurance contributions liabilities arising on the exercise of their options at a price of 3.535p per share:

Director	PDMR / Title	No. of ordinary shares of 15 5/19 p each sold for tax/NIC purposes
Toby Courtauld	Chief Executive	5,833
Nick Sanderson	Chief Financial & Operating Officer	4,266

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).

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 Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	12,410
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 12,410 Aggregated price: Nil Aggregated total: 12,410 ordinary shares
e)	Date of transaction	28 May 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	Exercise of nil cost options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	9,075
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 9,075 Aggregated price: Nil Aggregated total: 9,075 ordinary shares
e)	Date of transaction	28 May 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 meet income tax and National Insurance contributions liabilities arising on the exercise of options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	3.535p	5,833
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 5,833 Aggregated price: 3.535p Aggregated total: £20,619.66
e)	Date of transaction	28 May 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 5/19 p ISIN: GB00BF5H9P87
b)	Nature of the transaction	Sale of shares to meet income tax and National Insurance contributions liabilities arising on the exercise of options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	3.535p	4,266
d)	Aggregated information Aggregated volume Aggregated price Aggregated total	Aggregated volume: 4,266 Aggregated price: 3.535p Aggregated total: £15,080.31
e)	Date of transaction	28 May 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