REG - Great Portland Ests. - Director/PDMR Shareholding <Origin Href="QuoteRef">GPOR.L</Origin>

Great Portland EstatesAnnouncement

16/06/2017 10:55

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 peach: 

No. of Ordinary
shares of 133/19 peach
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 peach 
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

This information is provided by RNS
The company news service from the London Stock Exchange
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