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Great Portland Ests. (GPOR)

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Tuesday 08 June, 2021

Great Portland Ests.

Director/PDMR Shareholding

RNS Number : 1745B
Great Portland Estates PLC
08 June 2021
 

 

8 June 2021

 

Great Portland Estates plc (the "Company")

 

Grant of Awards under the GPE Long-Term Incentive Plan (the "LTIP")

 

The Company announces that, on 7 June 2021, the following Directors were granted awards over Ordinary Shares of 15 5/19 pence each in the Company under the LTIP, the number of shares being calculated using a market price of 733.00 pence per share: 

 

Director

Date of Grant

Performance Award

Number of Shares

Vesting Date

Date Exercisable

Toby Courtauld

07.06.21

255,587

07.06.24

07.06.26

Nick Sanderson

07.06.21

175,845

07.06.24

07.06.26

 

The above awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three-year performance period commencing on the date of grant.

The vested shares will be subject to a two-year holding period following the end of the performance period.

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

Grant of a nil cost option performance share award under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

255,587

d)

Aggregated information

Aggregated volume

Aggregated price

Aggregated total

Aggregated volume: 255,587

Aggregated price: 0.0p

Aggregated total: 255,587 ordinary shares

e)

Date of transaction

7 June 2021

f)

Place of the transaction

Outside a 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

Grant of a nil cost option performance share award under the Company's Long Term Incentive Plan

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

175,845

d)

Aggregated information

Aggregated volume

Aggregated price

Aggregated total

Aggregated volume: 175,845

Aggregated price: 0.0 p

Aggregated total: 175,845 ordinary shares

e)

Date of transaction

7 June 2021

f)

Place of the transaction

Outside a trading venue

 

 

Contact:

Great Portland Estates plc







Darren Lennark

General Counsel & Company Secretary

020 7647 3000

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