Great Portland Estates PLC Director/PDMR Shareholding
21 Juni 2024 - 4:00PM
RNS Regulatory News
RNS Number : 4545T
Great Portland Estates PLC
21 June 2024
21 June 2024
Great Portland Estates plc (the
"Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
The Company announces that, on 20
June 2024, to reflect the impact of the
Company's 2024 rights issue, adjustments
were made to the share awards and options granted to Directors
under the Company's discretionary share plans by way of an increase
in the number of Ordinary Shares of 15 5/19
pence each in the Company ("Shares") subject to the awards or
options as set out below:
Adjustments to awards granted under the Company's Long Term
Incentive Plan (LTIP), Restricted Share Plan (RSP) and Deferred
Share Bonus Plan (DSBP) Awards
|
Director
|
Position/Status
|
Award/Option
|
Price(s)
|
Number of additional Shares
|
|
Toby Courtauld
|
Chief Executive
|
2019 LTIP (vested but unexercised
option)
|
£Nil
|
3,850
|
|
|
|
2022 LTIP Award
|
£Nil
|
61,900
|
|
|
|
2023 RSP Award
|
£Nil
|
49,666
|
|
|
|
2022 DSBP Award
|
£Nil
|
6,728
|
|
|
|
2023 DSBP Award
|
£Nil
|
10,609
|
|
Nick Sanderson
|
Chief Financial & Operating
Officer
|
2019 LTIP (vested but unexercised
option)
|
£Nil
|
2,649
|
|
|
|
2022 LTIP Award
|
£Nil
|
42,587
|
|
|
|
2023 RSP Award
|
£Nil
|
34,171
|
|
|
|
2022 DSBP Award
|
£Nil
|
4,629
|
|
|
|
2023 DSBP Award
|
£Nil
|
7,383
|
|
Dan Nicholson
|
Executive Director
|
2022 LTIP Award
|
£Nil
|
34,692
|
|
|
|
2023 RSP Award
|
£Nil
|
27,836
|
|
|
|
2022 DSBP Award
|
£Nil
|
1,726
|
|
|
|
2023 DSBP Award
|
£Nil
|
5,809
|
The Company further announces that,
on 21 June 2024, to reflect the impact of
the Company's 2024 rights issue, the
following Directors received additional Shares by way of an
adjustment to their 2021 DSBP Awards that
they exercised at the time of the rights issue (and which they were
unable to exercise before the record date for participation in the
2024 rights issue), as set out below. The Directors also sold
the following number of Shares to meet income tax and National
Insurance contributions liabilities arising on the receipt of the
additional Shares at a price of 335.2515p
per share:
|
Director
|
Position/Status
|
Number of additional
Shares
|
Number of Shares
sold for tax/NIC purposes
|
|
Toby Courtauld
|
Chief Executive
|
2,557
|
1,210
|
|
Nick Sanderson
|
Chief Financial & Operating
Officer
|
1,870
|
887
|
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).
DSBP
|
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
|
Award of further shares in respect
of an option granted and exercised pursuant to The Great Portland
Estates Deferred Share Bonus Plan to
reflect the impact of the 2024 rights issue
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
Ordinary shares
|
Nil consideration
|
2,557
|
|
d)
|
Aggregated information
Aggregated volume
Aggregated price
Aggregated total
|
Aggregated volume:
2,557
Aggregated price:
Nil
Aggregated total:
2,557 ordinary shares
|
|
e)
|
Date of transaction
|
21 June 2024
|
|
f)
|
Place of the transaction
|
Outside of 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
5/19p
ISIN: GB00BF5H9P87
|
|
b)
|
Nature of the transaction
|
Award of further shares in respect
of an option granted and exercised pursuant to The Great Portland
Estates Deferred Share Bonus Plan to
reflect the impact of the 2024 rights issue
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
Ordinary shares
|
Nil consideration
|
1,870
|
|
d)
|
Aggregated information
Aggregated volume
Aggregated price
Aggregated total
|
Aggregated volume:
1,870
Aggregated price:
Nil
Aggregated total:
1,870 ordinary shares
|
|
e)
|
Date of transaction
|
21 June 2024
|
|
f)
|
Place of the transaction
|
Outside of trading venue
|
|
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
|
Sale of shares to cover income tax
and National Insurance contributions liabilities arising on the
receipt of further shares in respect of an option granted and
exercised pursuant to The Great Portland Estates Deferred Share
Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
Ordinary shares
|
335.2515p
|
1,210
|
|
d)
|
Aggregated information
Aggregated volume
Aggregated price
Aggregated total
|
Aggregated volume: 1,210
Aggregated price:
£4,056.54
Aggregated total: 1,210
ordinary shares
|
|
e)
|
Date of transaction
|
21 June 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
|
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
5/19p
ISIN: GB00BF5H9P87
|
|
b)
|
Nature of the transaction
|
Sale of shares to cover income tax
and National Insurance contributions liabilities arising on the
receipt of further shares in respect of an option granted and
exercised pursuant to The Great Portland Estates Deferred Share
Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
Ordinary shares
|
335.2515p
|
887
|
|
d)
|
Aggregated information
Aggregated volume
Aggregated price
Aggregated total
|
Aggregated volume: 887
Aggregated price:
£2,973.68
Aggregated total: 887
ordinary shares
|
|
e)
|
Date of transaction
|
21 June 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
|
Contact:
Great Portland Estates plc
|
|
|
|
|
|
|
Darren Lennark
General Counsel & Company
Secretary
020 7647 3000
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