REG - Great Portland Ests. - Director/PDMR Shareholding

Great Portland EstatesAnnouncement

Wed 16:00

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RNS Number : 4721K  Great Portland Estates PLC  28 May 2025

28 May 2025

 

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 27 May 2025, 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, comprising of those granted
under the original DSBP awarded on 27 May 2022, and, as announced on 21 June
2024, the additional DSBP options awarded to reflect the impact of the
Company's rights issue announced on 23 May 2024.

 

 Director        PDMR / Title                             Total no. of ordinary shares of

15 (5)/(19) p each acquired upon exercise of options
 Toby Courtauld  Chief Executive                          39,380
 Nick Sanderson  Chief Financial & Operating Officer      27,094
 Dan Nicholson   Executive Director                       10,103

 

(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 327.35p per share:

 

 Director        PDMR / Title                             No. of ordinary shares of 15 (5)/(19) p each sold for tax/NIC purposes
 Toby Courtauld  Chief Executive                          18,510
 Nick Sanderson  Chief Financial & Operating Officer      12,735
 Dan Nicholson   Executive Director                       4,749

 

 

 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                1. Exercise of nil cost options granted under the rules of The Great Portland
                                              Estates Deferred Share Bonus Plan.

                                              2. 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                          1. Nil consideration                      1. 39,380
     2. 327.35p                               2. 18,510
 d)  Aggregated information                   1. Aggregated volume: 39,380

     Aggregated volume                               Aggregated price: Nil

     Aggregated price                                Aggregated total: 39,380 ordinary shares

     Aggregated total
                                              2. Aggregated volume: 18,510

                                                     Aggregated price: 327.35p

                                                     Aggregated total: £60,592.49
 e)  Date of transaction                      27 May 2025
 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                1. Exercise of nil cost options granted under the rules of The Great Portland
                                              Estates Deferred Share Bonus Plan.

                                              2. 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                          1. Nil consideration                      1. 27,094
     2. 327.35p                               2. 12,735
 d)  Aggregated information                   1. Aggregated volume: 27,094

     Aggregated volume                               Aggregated price: Nil

     Aggregated price                                Aggregated total: 27,094 ordinary shares

     Aggregated total
                                              2. Aggregated volume: 12,735

                                                     Aggregated price: 327.35p

                                              Aggregated total: £41,688.02
 e)  Date of transaction                      27 May 2025
 f)  Place of the transaction                 London Stock Exchange (XLON)

 

 1.  Details of PDMR/person closely associated with them ("PCA")
 a)  Name                                     Dan Nicholson
 2.  Reason for the notification
 a)  Position/status                          Executive 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                1. Exercise of nil cost options granted under the rules of The Great Portland
                                              Estates Deferred Share Bonus Plan.

                                              2. 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                          1. Nil consideration                      1. 10,103
     2. 327.35p                               2. 4,749
 d)  Aggregated information                   1. Aggregated volume: 10,103

     Aggregated volume                               Aggregated price: Nil

     Aggregated price                                Aggregated total: 10,103 ordinary shares

     Aggregated total
                                              2. Aggregated volume: 4,749

                                                     Aggregated price: 327.35p

                                                     Aggregated total: £15,545.85
 e)  Date of transaction                      27 May 2025
 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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