3rd Sep 2013 16:15
LONDON (Alliance News) - Barclays Bank Trust Company, trustees of the Great Portland Estates PLC's systematic investment plan Tuesday said it bought 3,648 of its shares at a price of 530.83 pence per share on 20 August, under the 'Partnership' and 'Matching' element of the company's systematic investment plan.
Under the terms of the SIP each eligible participating employee can contribute from monthly salary to purchase 'Partnership Shares', and the company matches this by awarding two 'Matching Shares' for every one 'Partnership Share' purchased by participating employees.
The shares purchased on behalf of the company's executive directors were as follows:
Number of Partnership shares acquired under the SIP for the month | Number of Matching shares acquired under the SIP for the month | Total number of shares within SIP | |
Toby Courtauld (Chief Executive) | 24 | 48 | 3,300 |
Nick Sanderson (Finance Director) | 24 | 48 | 2,004 |
Neil Thompson (Portfolio Director) | 24 | 48 | 3,300 |
Great Portland Estates shares were trading at 530.50 pence Tuesday afternoon, down 14.00 pence, or 2.6%.
By Anthony Tshibangu; [email protected];
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