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29 May 2024
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 28 May 2024, 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 granted under the DSBP on 27 May 2021:
Director | PDMR / Title | No. of ordinary shares of 15 5/19 p each acquired upon exercise of options |
Toby Courtauld | Chief Executive | 12,410 |
Nick Sanderson | Chief Financial & Operating Officer | 9,075 |
(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 3.535p per share:
Director | PDMR / Title | No. of ordinary shares of 15 5/19 p each sold for tax/NIC purposes |
Toby Courtauld | Chief Executive | 5,833 |
Nick Sanderson | Chief Financial & Operating Officer | 4,266 |
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).
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 | Exercise of nil cost 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 | Nil consideration | 12,410 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 12,410 Aggregated price: Nil Aggregated total: 12,410 ordinary shares | |
e) | Date of transaction | 28 May 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 | Exercise of nil cost 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 | Nil consideration | 9,075 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 9,075 Aggregated price: Nil Aggregated total: 9,075 ordinary shares | |
e) | Date of transaction | 28 May 2024 | |
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 financial instrument | Ordinary shares of 15 5/19p ISIN: GB00BF5H9P87 | |
b) | Nature of the transaction | 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 | 3.535p | 5,833 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 5,833 Aggregated price: 3.535p Aggregated total: £20,619.66 | |
e) | Date of transaction | 28 May 2024 | |
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 | 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 | 3.535p | 4,266 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 4,266 Aggregated price: 3.535p Aggregated total: £15,080.31 | |
e) | Date of transaction | 28 May 2024 | |
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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