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10 Jun 2010 17:33
RNS Number : 4402N
Great Portland Estates PLC
10 June 2010
Great Portland Estates plc (GPE) GPE Long-Term Incentive Plan (LTIP) 10 June 2010 As a result of achievement of the performance target relating to SMP awards made on 8 June 2007, the Directors listed below received the following number of GPE ordinary shares of 12.5p each.
|
No. of Ordinary shares of 12.5p each |
|
| Toby Courtauld, Chief Executive | 35,819 |
| Timon Drakesmith, Finance Director | 21,914 |
| Neil Thompson, Development Director | 21,914 |
Of these shares, the following were sold on 10 June 2010 at a price of 285.63p 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 | 18,268 |
| Timon Drakesmith, Finance Director | 11,176 |
| Neil Thompson, Development Director | 11,176 |
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 | 516,758 | 0.17 |
| Timon Drakesmith, Finance Director | 171,029 | 0.05 |
| Neil Thompson, Development Director | 191,443 | 0.06 |
Contact:Desna Martin, Company Secretary 020 7647 3000
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