4 Jun 2018 14:57
Great Portland Estates plc (GPE)
GPE Long-Term Incentive Plan (LTIP)
4 June 2018
The Company announces that on Monday 4 June 2018 it granted awards under the Company's 2010 Long Term Incentive Plan. The awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three year period commencing on the date of grant.
The 428,073 Ordinary Shares of 15 5/19 pence, granted under the Company 2010 Long Term Incentive Plan were allocated as follows:
Director |
Date of Grant | Performance Award Number of Shares |
Vesting Date | Date Exercisable |
Toby Courtauld | 04.06.18 | 254,848 | 04.06.21 | 04.06.23 |
Nick Sanderson | 04.06.18 | 173,225 | 04.06.21 | 04.06.23 |
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 | Awards granted on 4 June 2018 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant. | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | Nil consideration | 254,848 | |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Aggregated volume: 254,848 Aggregated price: 0.0p Aggregated total: 254,848 ordinary shares | |
e) | Date of transaction | ||
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 15 5/19 p ISIN: GB00BF5H9P87 | |
b) | Nature of the transaction | Awards granted on 4 June 2018 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant. | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | Nil consideration | 173,225 | |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Aggregated volume: 173,225 Aggregated price: 0.0p Aggregated total:173,225 ordinary shares | |
e) | Date of transaction |
| |
f) | Place of the transaction | London Stock Exchange (XLON) | |
Contact:
Desna Martin, Company Secretary
020 7647 3000