Source - RNS
RNS Number : 3306I
Great Portland Estates PLC
16 June 2017
 

 

 

 

 

 

 

Great Portland Estates plc (GPE)

GPE Long-Term Incentive Plan (LTIP)

 

16 June 2017

 

As a result of achievement of the performance target relating to Performance and Matching awards granted under the GPE Long-Term Incentive Plan on 9 June 2014, the 2014 Performance and Matching awards vested on 15 June 2017 and the Directors listed below received the following number of GPE ordinary shares of 133/19 p each:

 


No. of Ordinary

shares of 133/19 p each

Toby Courtauld, Chief Executive

83,441

Nick Sanderson, Finance Director

36,439

 

In order to meet the tax/NI liability of these shares, the following were sold on 15 June 2017 at a price of 623.79p per share:

                                                                                                                                        


No. of Ordinary

shares of 133/19 p each

sold for tax/NI

purposes

Toby Courtauld, Chief Executive

39,218

Nick Sanderson, Finance Director

17,127

 

 

 

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 133/19 p

ISIN: GB00BZ0XJR39

b)

Nature of the transaction

Vesting of Performance and Matching awards granted on 9 June 2014 on the achievement of performance targets.



 

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

83,441

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

-    Aggregated total

Aggregated volume: 83,441

Aggregated price: 0.0p

Aggregated total:83,441 ordinary shares

e)

Date of transaction

15 June 2017

f)

Place of the transaction

London Stock Exchange (XLON)

 

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 133/19 p

ISIN: GB00BZ0XJR39

b)

Nature of the transaction

Sale of shares to meet tax/NI liability

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

623.79 p

39,218

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

-    Aggregated total

Aggregated volume: 39,218

Aggregated price: 623.79p

Aggregated total: £244,637.96

e)

Date of transaction

15 June 2017

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

Finance 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 133/19 p

ISIN: GB00BZ0XJR39

b)

Nature of the transaction

Vesting of Performance awards granted on 9 June 2014 on the achievement of performance targets.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

36,439

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

-    Aggregated total

Aggregated volume: 36,439

Aggregated price: 0.0p

Aggregated total:36,439 ordinary shares

e)

Date of transaction

15 June 2017

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

Finance 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 133/19 p

ISIN: GB00BZ0XJR39

b)

Nature of the transaction

Sale of shares to meet tax/NI liability

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

623.79 p

17,127

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

-    Aggregated total

Aggregated volume: 17,127

Aggregated price: 623.79p

Aggregated total: £106,836.51

e)

Date of transaction

15 June 2017

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

Contact:

Desna Martin, Company Secretary

020 7647 3000


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHGCGDLGUBBGRL