Director/PDMR Shareholding
Updated : 15:07
27 May 2022
Great Portland Estates plc (the "Company")
Grant of Awards under the Great Portland Estates plc Deferred Share Bonus Plan (the "DSBP") and The Great Portland Estates Long Term Incentive Plan (the "LTIP")
The Company announces that, on 27 May 2022, the following Directors were granted awards over Ordinary Shares of 15 5/19 pence each in the Company under the DSBP and LTIP, the number of shares being calculated using a market price of 645.50 pence per share:
1. DSBP
Director |
Date of Grant |
Number of Shares subject to award |
Vesting Date | Date Exercisable |
Toby Courtauld | 27.05.2022 | 32,652 | 27.05.2025 | 27.05.2025 |
Nick Sanderson | 27.05.2022 | 22,465 | 27.05.2025 | 27.05.2025 |
Dan Nicholson | 27.05.2022 | 8,377 | 27.05.2025 | 27.05.2025 |
The above awards were granted as nil cost options and were granted in respect of the deferred bonus for the 2021/22 financial year.
2. LTIP
Director | Date of Grant | Performance Award Number of Shares | Vesting Date | Date Exercisable |
Toby Courtauld | 27.05.22 | 300,391 | 27.05.2025 | 27.05.2027 |
Nick Sanderson | 27.05.22 | 206,671 | 27.05.2025 | 27.05.2027 |
Dan Nicholson | 27.05.22 | 168,357 | 27.05.2025 | 27.05.2027 |
The above awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three-year performance period. The vested shares will be subject to a two-year holding period following the end of the performance 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
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 | 32,652 | |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Aggregated volume: 32,652 Aggregated price: 0.0p Aggregated total: 32,652 ordinary shares | |
e) | Date of transaction | 27 May 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 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 | 22,465 | |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Aggregated volume: 22,465 Aggregated price: 0.0p Aggregated total: 22,465 ordinary shares | |
e) | Date of transaction | 27 May 2022 | |
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 | 8,377 | |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Aggregated volume: 8,377 Aggregated price: 0.0p Aggregated total: 8,377 ordinary shares | |
e) | Date of transaction | 27 May 2022 | |
f) | Place of the transaction | Outside of trading venue | |
LTIP
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 a nil cost option performance share award 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 | 300,391 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 300,391 Aggregated price: 0.0p Aggregated total: 300,391 ordinary shares | |
e) | Date of transaction | 27 May 2022 | |
f) | Place of the transaction | Outside a 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 a nil cost option performance share award 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 | 206,671 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 206,671 Aggregated price: 0.0p Aggregated total: 206,671 ordinary shares | |
e) | Date of transaction | 27 May 2022 | |
f) | Place of the transaction | Outside a 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 a nil cost option performance share award 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 | 168,357 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 168,357 Aggregated price: 0.0p Aggregated total: 168,357 ordinary shares | |
e) | Date of transaction | 27 May 2022 | |
f) | Place of the transaction | Outside a trading venue | |
Contact: Great Portland Estates plc |
Darren Lennark
General Counsel & Company Secretary
020 7647 3000
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