REG - Great Portland Ests. - Director/PDMR Shareholding

Great Portland EstatesAnnouncement

04/06/2018 15:00

RNS Number : 2311Q
Great Portland Estates PLC
04 June 2018
 


Great Portland Estates plc (GPE)
GPE Long-Term Incentive Plan (LTIP)
 
4 June 2018
 
The Company announces that on Monday 4 June 2018 it granted awards under the Company's 2010 Long Term Incentive Plan.  The awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three year period commencing on the date of grant.
 
The 428,073 Ordinary Shares of 15 5/19 pence, granted under the Company 2010 Long Term Incentive Plan were allocated as follows:
 



 
Director


 
Date of Grant


Performance Award
Number of Shares


 
Vesting Date


Date Exercisable




Toby Courtauld


04.06.18


254,848


04.06.21


04.06.23




Nick Sanderson


04.06.18


173,225


04.06.21


04.06.23



 
 



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


Awards granted on 4 June 2018 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant.




c)


Price(s) and volume(s)


Price


Volume(s)




Ordinary shares


Nil consideration


254,848




d)


Aggregated information
-    Aggregated volume
-    Aggregated price
-    Aggregated total


Aggregated volume: 254,848
Aggregated price: 0.0p
Aggregated total: 254,848 ordinary shares




e)


Date of transaction








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 15 5/19 p
ISIN: GB00BF5H9P87




b)


Nature of the transaction


Awards granted on 4 June 2018 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant.




c)


Price(s) and volume(s)


Price


Volume(s)




Ordinary shares


Nil consideration


173,225




d)


Aggregated information
-    Aggregated volume
-    Aggregated price
-    Aggregated total


Aggregated volume: 173,225
Aggregated price: 0.0p
Aggregated total:173,225 ordinary shares




e)


Date of transaction


 




f)


Place of the transaction


London Stock Exchange (XLON)



 
 
 
Contact:
Desna Martin, Company Secretary
020 7647 3000




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