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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