Director/PDMR Shareholding

RNS Number : 3306I

Great Portland Estates PLC

16 June 2017

 

Great Portland Estates plc (GPE)

GPE Long-Term Incentive Plan (LTIP)

16 June 2017

As a result of achievement of the performance target relating to Performance and Matching awards granted under the GPE Long-Term Incentive Plan on 9 June 2014, the 2014 Performance and Matching awards vested on 15 June 2017 and the Directors listed below received the following number of GPE ordinary shares of 13³/₁₉ p each:

	No. of Ordinary shares of 133/19 p each
Toby Courtauld, Chief Executive	83,441
Nick Sanderson, Finance Director	36,439

In order to meet the tax/NI liability of these shares, the following were sold on 15 June 2017 at a price of 623.79p per share:

	No. of Ordinary shares of 133/19 p each sold for tax/NI purposes
Toby Courtauld, Chief Executive	39,218
Nick Sanderson, Finance Director	17,127

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 133/19 p ISIN: GB00BZ0XJR39
b)	Nature of the transaction	Vesting of Performance and Matching awards granted on 9 June 2014 on the achievement of performance targets.

c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	83,441
d)	Aggregated information -    Aggregated volume -    Aggregated price -    Aggregated total	Aggregated volume: 83,441 Aggregated price: 0.0p Aggregated total:83,441 ordinary shares
e)	Date of transaction	15 June 2017
f)	Place of the transaction	London Stock Exchange (XLON)

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 133/19 p ISIN: GB00BZ0XJR39
b)	Nature of the transaction	Sale of shares to meet tax/NI liability
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	623.79 p	39,218
d)	Aggregated information -    Aggregated volume -    Aggregated price -    Aggregated total	Aggregated volume: 39,218 Aggregated price: 623.79p Aggregated total: £244,637.96
e)	Date of transaction	15 June 2017
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 133/19 p ISIN: GB00BZ0XJR39
b)	Nature of the transaction	Vesting of Performance awards granted on 9 June 2014 on the achievement of performance targets.
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	Nil consideration	36,439
d)	Aggregated information -    Aggregated volume -    Aggregated price -    Aggregated total	Aggregated volume: 36,439 Aggregated price: 0.0p Aggregated total:36,439 ordinary shares
e)	Date of transaction	15 June 2017
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 133/19 p ISIN: GB00BZ0XJR39
b)	Nature of the transaction	Sale of shares to meet tax/NI liability
c)	Price(s) and volume(s)	Price	Volume(s)
	Ordinary shares	623.79 p	17,127
d)	Aggregated information -    Aggregated volume -    Aggregated price -    Aggregated total	Aggregated volume: 17,127 Aggregated price: 623.79p Aggregated total: £106,836.51
e)	Date of transaction	15 June 2017
f)	Place of the transaction	London Stock Exchange (XLON)

Contact:

Desna Martin, Company Secretary

020 7647 3000

 

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