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24 Jul 2009 14:32
RNS Number : 2620W
Great Portland Estates PLC
24 July 2009
Great Portland Estates plc (GPE) GPE Long-Term Incentive Plan (LTIP) 24 July 2009
Following achievement of the performance target relating to LTIP and SMP awards made on 17 July 2006, the following Directors received the following number of GPE ordinary shares of 12.5p each:
| No. of Ordinary shares of 12.5p each | |
| Toby Courtauld, Chief Executive | 130,283 |
| Timon Drakesmith, Finance Director | 73,283 |
| Robert Noel, Property Director | 104,225 |
| Neil Thompson, Development Director | 70,449 |
Of these shares, the following were sold on 24 July 2009 at a price of 220.21p per share in order to meet the tax/NI liability:
| No. of Ordinary shares of 12.5p each sold for tax/NI purposes | |
| Toby Courtauld, Chief Executive | 53,417 |
| Timon Drakesmith, Finance Director | 30,047 |
| Robert Noel, Property Director | 42,733 |
| Neil Thompson, Development Director | 28,885 |
In addition, the following shares were sold on 24 July 2009 at a price of 219.18 p per share:
| No. of Ordinary shares of 12.5p each | |
| Robert Noel, Property Director | 129,223 |
The total number of GPE shares now held by each of these Directors and their total percentage holding following these transactions is as follows:
| No. of Ordinary shares of 12.5p each | Total percentage holding | |
| Toby Courtauld, Chief Executive | 472,780 | 0.15 |
| Timon Drakesmith, Finance Director | 144,124 | 0.05 |
| Robert Noel, Property Director | 175,551 | 0.06 |
| Neil Thompson, Development Director | 164,538 | 0.05 |
Contact:
Desna Martin, Company Secretary 020 7647 3000
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