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30 May 2008 18:12
Great Portland Estates plc (GPE) GPE Long-Term Incentive Plan (LTIP) 30 May 2008
Following achievement of the performance target relating to LTIP awards made on 25 May 2005, 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 133,928 Robert Noel, Property Director 107,142 Neil Thompson, Development Director 71,428
Of these shares, the following were sold on 30 May 2008 at a price of 383.247p 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 54,911 Robert Noel, Property Director 43,929 Neil Thompson, Development Director 29,286
In addition, the following shares were sold on 30 May 2008 at a price of 383.247p per share:
No. of Ordinary shares of 12.5p each
Robert Noel, Property Director 24,000
And the following shares were bought on 30 May 2008 at a price of 392.391p per share:
Rock Nominees Limited (as custodian for Robert Noel's SIPP) 24,000
The total number of GPE shares now held by each of these Directors and their total percentage holding following these transactions is as follows:
Total No. of Ordinary percentage shares of 12.5p each holding
Toby Courtauld, Chief Executive 219,214 0.12% Robert Noel, Property Director 140,848 0.08% Neil Thompson, Development Director 71,196 0.04%
Contact:
Desna Martin, Company Secretary 020 7647 3000
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