TIDMGPE

RNS Number : 9462G

Great Portland Estates PLC

18 November 2022

18 November 2022

Great Portland Estates plc (the "Company")

Exercise of nil-cost options under The Great Portland Estates Long Term Incentive Plan (the "LTIP")

The Company announces that, on 17 November 2022, the following Directors exercised their nil cost options over ordinary shares of 15 (5) /(19) pence each in the Company granted under the LTIP on 7 July 2017. Vesting of these options was subject to criteria relating to the Company's performance over a three-year performance period to 6 July 2020 and the options were then subject to a two-year holding period following the end of the performance period. The options became exercisable for up to 12 months with effect from 7 July 2022.

 
 Director                  PDMR / Title                     No. of ordinary shares 
                                                   of 15 (5) /(19) p each acquired 
                                                          upon exercise of options 
 Toby Courtauld    Chief Executive                             83,551 
                   Chief Financial & Operating 
 Nick Sanderson     Officer                                    54,730 
 

In order to meet the income tax and national insurance liabilities arising on the exercise of the options, the following numbers of shares were sold by the Directors on 17 November 2022 at a price of 532.6545p per share:

 
 Director                  PDMR / Title                 No. of ordinary shares 
                                                   of 15 (5) /(19) p each sold 
                                                          for tax/NIC purposes 
 Toby Courtauld    Chief Executive                           39,270 
                   Chief Financial & Operating 
 Nick Sanderson     Officer                                  25,724 
 
 
 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                Ordinary shares of 15 (5) /(19) 
        financial instrument              p 
                                          ISIN: GB00BF5H9P87 
      --------------------------------  -------------------------------------- 
 b)    Nature of the transaction         Exercise of nil cost options 
                                          granted under the rules of 
                                          The Great Portland Estates 
                                          Long Term Incentive Plan. 
      --------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)            Price                     Volume(s) 
      --------------------------------  ------------------------  ------------ 
  Ordinary shares                   Nil consideration              83,551 
 --------------------------------  -----------------------------  ------------ 
 d)    Aggregated information            Aggregated volume: 83,551 
        Aggregated volume                 Aggregated price: Nil 
        Aggregated price                  Aggregated total: 83,551 ordinary 
        Aggregated total                  shares 
      --------------------------------  -------------------------------------- 
 e)    Date of transaction               17 November 2022 
      --------------------------------  -------------------------------------- 
 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                Ordinary shares of 15 (5) /(19) 
        financial instrument              p 
                                          ISIN: GB00BF5H9P87 
      --------------------------------  -------------------------------------- 
 b)    Nature of the transaction         Exercise of nil cost options 
                                          granted under the rules of 
                                          The Great Portland Estates 
                                          Long Term Incentive Plan. 
      --------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)            Price                     Volume(s) 
      --------------------------------  ------------------------  ------------ 
  Ordinary shares                   Nil consideration              54,730 
 --------------------------------  -----------------------------  ------------ 
 d)    Aggregated information            Aggregated volume: 54,730 
        Aggregated volume                 Aggregated price: Nil 
        Aggregated price                  Aggregated total: 54,730 ordinary 
        Aggregated total                  shares 
      --------------------------------  -------------------------------------- 
 e)    Date of transaction               17 November 2022 
      --------------------------------  -------------------------------------- 
 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                  Ordinary shares of 15 (5) /(19) 
        financial instrument                p 
                                            ISIN: GB00BF5H9P87 
      ----------------------------------  -------------------------------------- 
 b)    Nature of the transaction           Sale of shares to meet income 
                                            tax and national insurance 
                                            liabilities following the exercise 
                                            of options granted under the 
                                            rules of The Great Portland 
                                            Estates Long Term Incentive 
                                            Plan. 
      ----------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)              Price                Volume(s) 
      ----------------------------------  -------------------  ----------------- 
  Ordinary shares                          532.6545p            39,270 
 ---------------------------------------  -------------------  ----------------- 
 d)    Aggregated information              Aggregated volume: 39,270 
        Aggregated volume                   Aggregated price: 532.6545p 
        Aggregated price                    Aggregated total: GBP200,173.42 
        Aggregated total 
      ----------------------------------  -------------------------------------- 
 e)    Date of transaction                 17 November 2022 
      ----------------------------------  -------------------------------------- 
 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                  Ordinary shares of 15 (5) /(19) 
        financial instrument                p 
                                            ISIN: GB00BF5H9P87 
      ----------------------------------  -------------------------------------- 
 b)    Nature of the transaction           Sale of shares to meet income 
                                            tax and national insurance 
                                            liabilities following the exercise 
                                            of options granted under the 
                                            rules of The Great Portland 
                                            Estates Long Term Incentive 
                                            Plan. 
      ----------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)              Price                Volume(s) 
      ----------------------------------  -------------------  ----------------- 
  Ordinary shares                          532.6545p            25,724 
 ---------------------------------------  -------------------  ----------------- 
 d)    Aggregated information              Aggregated volume: 25,724 
        Aggregated volume                   Aggregated price: 532.6545p 
        Aggregated price                    Aggregated total: GBP137,020.04 
        Aggregated total 
      ----------------------------------  -------------------------------------- 
 e)    Date of transaction                 17 November 2022 
      ----------------------------------  -------------------------------------- 
 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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November 18, 2022 07:32 ET (12:32 GMT)

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