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 |
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| 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 |
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| 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 |
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| 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 |
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Darren Lennark
General Counsel & Company Secretary
020 7647 3000
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