REG - Great Portland Ests. - Director/PDMR Shareholding

Great Portland EstatesAnnouncement

29/05/2024 17:15

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RNS Number : 3388Q  Great Portland Estates PLC  29 May 2024

 

 

29 May 2024

 

Great Portland Estates plc (the "Company")

 

Exercise of nil-cost options under The Great Portland Estates Deferred Share
Bonus Plan (the "DSBP")

 

The Company announces that, on 28 May 2024, the following Directors:

(i)       exercised their nil cost options over the following numbers of
ordinary shares of 15 (5)/(19) pence each in the Company granted under the
DSBP on 27 May 2021:

 

 Director        PDMR / Title                             No. of ordinary shares of 15 (5)/(19) p each acquired upon exercise of options
 Toby Courtauld  Chief Executive                          12,410
 Nick Sanderson  Chief Financial & Operating Officer      9,075

 

(ii)      sold the following numbers of ordinary shares of 15 (5)/(19)
pence each in the Company in order to meet the income tax and National
Insurance contributions liabilities arising on the exercise of their options
at a price of 3.535p per share:

 

 

 Director        PDMR / Title                             No. of ordinary shares of 15 (5)/(19) p each sold for tax/NIC purposes
 Toby Courtauld  Chief Executive                          5,833
 Nick Sanderson  Chief Financial & Operating Officer      4,266

 

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)/(19)p

                                              ISIN: GB00BF5H9P87
 b)  Nature of the transaction                Exercise of nil cost options granted under the rules of The Great Portland
                                              Estates Deferred Share Bonus Plan.
 c)  Price(s) and volume(s)                   Price                                   Volume(s)
     Ordinary shares                          Nil consideration                       12,410
 d)  Aggregated information                   Aggregated volume: 12,410

     Aggregated volume                        Aggregated price: Nil

     Aggregated price                         Aggregated total: 12,410 ordinary shares

     Aggregated total
 e)  Date of transaction                      28 May 2024
 f)  Place of the transaction                 Outside of 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                Exercise of nil cost options granted under the rules of The Great Portland
                                              Estates Deferred Share Bonus Plan.
 c)  Price(s) and volume(s)                   Price                                   Volume(s)
     Ordinary shares                          Nil consideration                       9,075
 d)  Aggregated information                   Aggregated volume: 9,075

     Aggregated volume                        Aggregated price: Nil

     Aggregated price                         Aggregated total: 9,075 ordinary shares

     Aggregated total
 e)  Date of transaction                      28 May 2024
 f)  Place of the transaction                 Outside of trading venue

 

 

 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)/(19)p

                                              ISIN: GB00BF5H9P87
 b)  Nature of the transaction                Sale of shares to meet income tax and National Insurance contributions
                                              liabilities arising on the exercise of options granted under the rules of The
                                              Great Portland Estates Deferred Share Bonus Plan.
 c)  Price(s) and volume(s)                   Price                                     Volume(s)
     Ordinary shares                          3.535p                                    5,833
 d)  Aggregated information                   Aggregated volume: 5,833

     Aggregated volume                        Aggregated price: 3.535p

     Aggregated price                         Aggregated total: £20,619.66

     Aggregated total
 e)  Date of transaction                      28 May 2024
 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                          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                Sale of shares to meet income tax and National Insurance contributions
                                              liabilities arising on the exercise of options granted under the rules of The
                                              Great Portland Estates Deferred Share Bonus Plan.
 c)  Price(s) and volume(s)                   Price                                     Volume(s)
     Ordinary shares                          3.535p                                    4,266
 d)  Aggregated information                   Aggregated volume: 4,266

     Aggregated volume                        Aggregated price: 3.535p

     Aggregated price                         Aggregated total: £15,080.31

     Aggregated total
 e)  Date of transaction                      28 May 2024
 f)  Place of the transaction                 London Stock Exchange (XLON)

 

 Contact:

 Great Portland Estates plc

Darren Lennark

General Counsel & Company Secretary

020 7647 3000

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