RNS Number : 4539T
Great Portland Estates PLC
21 June 2024
 

21 June 2024

 

Great Portland Estates plc (the "Company")

 

Grant of Awards under the Great Portland Estates plc Deferred Share Bonus Plan (the "DSBP") and Restricted Share Plan (the "RSP")

 

The Company announces that, on 20 June 2024 (the "Grant Date"), the following Directors were each granted awards under the DSBP and the RSP over the number of Ordinary Shares of 15 5/19 pence in the Company set out against their names below, the number of shares being calculated using a market price of 340.70 pence per share:   

 

Director

Position/Status

Share Plan

Grant date

Number of shares subject to award

Vesting date

Date exercisable

Toby Courtauld

Chief Executive

DSBP

20.06.2024

76,689

20.06.2027

20.06.2027



RSP

20.06.2024

304,769

20.06.2027

20.06.2029

Nick Sanderson

Chief Financial & Operating Officer

DSBP

20.06.2024

52,763

20.06.2027

20.06.2027



RSP

20.06.2024

209,683

20.06.2027

20.06.2029

Dan Nicholson

Executive Director

DSBP

20.06.2024

42,646

20.06.2027

20.06.2027



RSP

20.06.2024

170,811

20.06.2027

20.06.2029

 

The awards under the DSBP were granted as nil cost options and were granted in respect of the deferred bonus for the 2023/24 financial year.

 

The awards under the RSP were granted as nil cost options and are subject to continued service and underpin conditions relating to the period expiring on the third anniversary of the Grant Date. The vested shares will be subject to a two-year holding period following the end of the three year underpin period.

 

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).

 

 

DSBP awards:

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

Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates plc Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

76,689

d)

Aggregated information

-      Aggregated volume

-      Aggregated price

-      Aggregated total

Aggregated volume: 76,689

Aggregated price: 0.0p

Aggregated total: 76,689 ordinary shares

e)

Date of transaction

20 June 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

Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates plc Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

52,763

d)

Aggregated information

-      Aggregated volume

-      Aggregated price

-      Aggregated total

Aggregated volume: 52,763

Aggregated price: 0.0p

Aggregated total: 52,763 ordinary shares

e)

Date of transaction

20 June 2024

f)

Place of the transaction

Outside of trading venue

 

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

Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates plc Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

42,646

d)

Aggregated information

-      Aggregated volume

-      Aggregated price

-      Aggregated total

Aggregated volume: 42,646

Aggregated price: 0.0p

Aggregated total: 42,646 ordinary shares

e)

Date of transaction

20 June 2024

f)

Place of the transaction

Outside of trading venue

 

RSP awards:

 

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

Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates Restricted Share Plan

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

304,769

d)

Aggregated information

-      Aggregated volume

-      Aggregated price

-      Aggregated total

Aggregated volume: 304,769

Aggregated price: 0.0p

Aggregated total: 304,769 ordinary shares

e)

Date of transaction

20 June 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

Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates Restricted Share Plan

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

209,683

d)

Aggregated information

-      Aggregated volume

-      Aggregated price

-      Aggregated total

Aggregated volume: 209,683

Aggregated price: 0.0p

Aggregated total: 209,683 ordinary shares

e)

Date of transaction

20 June 2024

f)

Place of the transaction

Outside of trading venue

 

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

Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates Restricted Share Plan

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

170,811

d)

Aggregated information

-      Aggregated volume

-      Aggregated price

-      Aggregated total

Aggregated volume: 170,811

Aggregated price: 0.0p

Aggregated total: 170,811 ordinary shares

e)

Date of transaction

20 June 2024

f)

Place of the transaction

Outside of trading venue

 

Contact:

Great Portland Estates plc







Darren Lennark

General Counsel & Company Secretary

020 7647 3000

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