28th May 2025 15:49
28 May 2025
Great Portland Estates plc (the "Company")
Exercise of nil-cost options under The Great Portland Estates Deferred Share Bonus Plan (the "DSBP")
The Company announces that, on 27 May 2025, the following Directors:
(i) exercised their nil cost options over the following numbers of ordinary shares of 15 5/19 pence each in the Company, comprising of those granted under the original DSBP awarded on 27 May 2022, and, as announced on 21 June 2024, the additional DSBP options awarded to reflect the impact of the Company's rights issue announced on 23 May 2024.
Director | PDMR / Title | Total no. of ordinary shares of15 5/19 p each acquired upon exercise of options |
Toby Courtauld | Chief Executive | 39,380 |
Nick Sanderson | Chief Financial & Operating Officer | 27,094 |
Dan Nicholson | Executive Director | 10,103 |
(ii) sold the following numbers of ordinary shares of 15 5/19 pence each in the Company in order to meet the income tax and National Insurance contributions liabilities arising on the exercise of their options at a price of 327.35p per share:
Director | PDMR / Title | No. of ordinary shares of 15 5/19 p each sold for tax/NIC purposes |
Toby Courtauld | Chief Executive | 18,510 |
Nick Sanderson | Chief Financial & Operating Officer | 12,735 |
Dan Nicholson | Executive Director | 4,749 |
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 | 1. Exercise of nil cost options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan. 2. Sale of shares to meet income tax and National Insurance contributions liabilities arising on the exercise of options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan. | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | 1. Nil consideration | 1. 39,380 | |
2. 327.35p | 2. 18,510 | ||
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | 1. Aggregated volume: 39,380 Aggregated price: Nil Aggregated total: 39,380 ordinary shares
| |
2. Aggregated volume: 18,510 Aggregated price: 327.35p Aggregated total: £60,592.49 | |||
e) | Date of transaction | 27 May 2025 | |
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 5/19 p ISIN: GB00BF5H9P87 | |
b) | Nature of the transaction | 1. Exercise of nil cost options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan. 2. Sale of shares to meet income tax and National Insurance contributions liabilities arising on the exercise of options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan. | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | 1. Nil consideration | 1. 27,094 | |
2. 327.35p | 2. 12,735 | ||
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | 1. Aggregated volume: 27,094 Aggregated price: Nil Aggregated total: 27,094 ordinary shares | |
2. Aggregated volume: 12,735 Aggregated price: 327.35p Aggregated total: £41,688.02 | |||
e) | Date of transaction | 27 May 2025 | |
f) | Place of the transaction | London Stock Exchange (XLON) | |
1. | Details of PDMR/person closely associated with them ("PCA") | ||
a) | Name | Dan Nicholson | |
2. | Reason for the notification | ||
a) | Position/status | Executive 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 | 1. Exercise of nil cost options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan. 2. Sale of shares to meet income tax and National Insurance contributions liabilities arising on the exercise of options granted under the rules of The Great Portland Estates Deferred Share Bonus Plan. | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | 1. Nil consideration | 1. 10,103 | |
2. 327.35p | 2. 4,749 | ||
d) | Aggregated information Aggregated volume Aggregated price Aggregated total | 1. Aggregated volume: 10,103 Aggregated price: Nil Aggregated total: 10,103 ordinary shares | |
2. Aggregated volume: 4,749 Aggregated price: 327.35p Aggregated total: £15,545.85 | |||
e) | Date of transaction | 27 May 2025 | |
f) | Place of the transaction | London Stock Exchange (XLON) | |
Contact:
Great Portland Estates plc
Darren Lennark
General Counsel & Company Secretary
020 7647 3000
Related Shares:
GPE