8 Jun 2021 11:05
8 June 2021
Great Portland Estates plc (the "Company")
Grant of Awards under the GPE Long-Term Incentive Plan (the "LTIP")
The Company announces that, on 7 June 2021, the following Directors were granted awards over Ordinary Shares of 15 5/19 pence each in the Company under the LTIP, the number of shares being calculated using a market price of 733.00 pence per share:
Director | Date of Grant | Performance Award Number of Shares | Vesting Date | Date Exercisable |
Toby Courtauld | 07.06.21 | 255,587 | 07.06.24 | 07.06.26 |
Nick Sanderson | 07.06.21 | 175,845 | 07.06.24 | 07.06.26 |
The above awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three-year performance period commencing on the date of grant.
The vested shares will be subject to a two-year holding period following the end of the performance 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).
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 a nil cost option performance share award under the Company's Long Term Incentive Plan. | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | Nil consideration | 255,587 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 255,587 Aggregated price: 0.0p Aggregated total: 255,587 ordinary shares | |
e) | Date of transaction | 7 June 2021 | |
f) | Place of the transaction | Outside a 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 a nil cost option performance share award under the Company's Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | Nil consideration | 175,845 | |
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | Aggregated volume: 175,845 Aggregated price: 0.0p Aggregated total: 175,845 ordinary shares | |
e) | Date of transaction | 7 June 2021 | |
f) | Place of the transaction | Outside a trading venue | |
Contact: Great Portland Estates plc |
Darren Lennark
General Counsel & Company Secretary
020 7647 3000