REG - Great Portland Ests. - Director/PDMR Shareholding

Great Portland EstatesAnnouncement

03/06/2019 14:15

RNS Number : 9731A
Great Portland Estates PLC
03 June 2019
 


Great Portland Estates plc (GPE)
GPE Long-Term Incentive Plan (LTIP)
 
3 June 2019
 
The Company announces that on Monday 3 June 2019 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 425,499 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


03.06.19


252,072


03.06.22


03.06.24




Nick Sanderson


03.06.19


173,427


03.06.22


03.06.24



 
 



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 3 June 2019 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


252,072




d)


Aggregated information
-    Aggregated volume
-    Aggregated price
-    Aggregated total


Aggregated volume: 252,072
Aggregated price: 0.0p
Aggregated total: 252,072 ordinary shares




e)


Date of transaction


3 June 2019




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 3 June 2019 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


173,427




d)


Aggregated information
-    Aggregated volume
-    Aggregated price
-    Aggregated total


Aggregated volume: 173,427
Aggregated price: 0.0p
Aggregated total:173,427 ordinary shares




e)


Date of transaction


3 June 2019




f)


Place of the transaction


London Stock Exchange (XLON)



 
 
 
Contact:
Desna Martin, Company Secretary
020 7647 3000




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