RNS Number : 1962I
Great Portland Estates PLC
09 June 2011
 

 

 

 

Great Portland Estates plc (GPE)

GPE Long-Term Incentive Plan (LTIP)

9 June 2011

 

As a result of achievement of the performance target relating to LTIP awards made on 6 June 2008, 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                                                                                  71,188

Neil Thompson, Portfolio Director                                                                                45,624

 

Of these shares, the following were sold on 9 June 2011 at a price of 434.10p 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                                                                                  37,018

Neil Thompson, Portfolio Director                                                                                23,725

 

 

The total number of GPE shares now held by each of these Directors and their total percentage holding following these transactions is as follows:

 

                                                                                                                                   Total

                                                                               No. of Ordinary                     percentage

                                                                       shares of 12.5p each*                          holding

 

Toby Courtauld, Chief Executive                                            602,485                              0.19

Neil Thompson, Portfolio Director                                          246,493                              0.08

 

 

* Includes Partnership shares held in the Company's SIP

 

 

Contact:

Desna Martin, Company Secretary

020 7647 3000


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