RNS Number : 9731A
Great Portland Estates PLC
03 June 2019
 

Great Portland Estates plc (GPE)

GPE Long-Term Incentive Plan (LTIP)

 

3 June 2019

 

The Company announces that on Monday 3 June 2019 it granted awards under the Company's 2010 Long Term Incentive Plan.  The awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three year period commencing on the date of grant.

 

The 425,499 Ordinary Shares of 15 5/19 pence, granted under the Company 2010 Long Term Incentive Plan were allocated as follows:

 

 

Director

 

Date of Grant

Performance Award

Number of Shares

 

Vesting Date

Date Exercisable

Toby Courtauld

03.06.19

252,072

03.06.22

03.06.24

Nick Sanderson

03.06.19

173,427

03.06.22

03.06.24

 

 

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

Awards granted on 3 June 2019 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

252,072

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

-    Aggregated total

Aggregated volume: 252,072

Aggregated price: 0.0p

Aggregated total: 252,072 ordinary shares

e)

Date of transaction

3 June 2019

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

Finance Director

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

Awards granted on 3 June 2019 under the Company's 2010 Long Term Incentive Plan which are conditional upon criteria relating to the Company's performance over the three year period commencing on the date of grant.

c)

Price(s) and volume(s)

Price

Volume(s)

Ordinary shares

Nil consideration

173,427

d)

Aggregated information

-    Aggregated volume

-    Aggregated price

-    Aggregated total

Aggregated volume: 173,427

Aggregated price: 0.0p

Aggregated total:173,427 ordinary shares

e)

Date of transaction

3 June 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

Contact:

Desna Martin, Company Secretary

020 7647 3000


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