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17 Sep 2008 16:59
RNS Number : 6933D
Great Portland Estates PLC
17 September 2008
Great Portland Estates plc (GPE)
GPE Long-Term Incentive Plan (LTIP)
17 September 2008
Following achievement of the performance target relating to LTIP awards made on 12 September 2005, Timon Drakesmith, Finance Director received 39,416 GPE ordinary shares of 12.5p each:
Of these shares, 16,161 were sold on 17 September 2008 at a price of 326.402p per share in order to meet the tax/NI liability:
In addition, Timon Drakesmith sold 7,000 on 17 September 2008 at a price of 326.402p per share and bought 7,000 shares on 17 September 2008 at a price of 339.00p per share in the name of Brewin Nominees Limited as custodian for his SIPP.
The total number of GPE shares now held by Timon Drakesmith and his total percentage holding following these transactions is as follows:
No. of Ordinary shares of 12.5p each Total percentage holding
Timon Drakesmtth, Finance Director 58,410 0.03%
Contact:
Desna Martin, Company Secretary
020 7647 3000
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