9th Aug 2017 11:36
Great Portland Estates plc (GPE)
GPE Long-Term Incentive Plan (LTIP)
9 August 2017
As a result of achievement of the performance target relating to a Matching award granted under the GPE Long-Term Incentive Plan on 31 July 2014, the 2014 Matching award vested on 8 August 2017 and the Director listed below received the following number of GPE ordinary shares of 133/19 p each:
No. of Ordinary shares of 133/19 p each | |
Nick Sanderson, Finance Director | 18,219 |
In order to meet the tax/NI liability of these shares, the following were sold on 8 August 2017 at a price of 609.17p per share:
No. of Ordinary shares of 133/19 p each sold for tax/NI purposes | |
Nick Sanderson, Finance Director | 8,563 |
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 133/19 p ISIN: GB00BZ0XJR39 | |
b) | Nature of the transaction | Vesting of a Matching award granted on 31 July 2014 on the achievement of performance targets. | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | Nil consideration | 18,219 | |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Aggregated volume: 18,219 Aggregated price: 0.0p Aggregated total: 18,219 ordinary shares | |
e) | Date of transaction | 8 August 2017 | |
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 133/19 p ISIN: GB00BZ0XJR39 | |
b) | Nature of the transaction | Sale of shares to meet tax/NI liability | |
c) | Price(s) and volume(s) | Price | Volume(s) |
Ordinary shares | 609.17 p | 8,563 | |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Aggregated volume: 8,563 Aggregated price: 609.17p Aggregated total: £52,163.39 | |
e) | Date of transaction | 8 August 2017 | |
f) | Place of the transaction | London Stock Exchange (XLON) | |
Contact:
Desna Martin, Company Secretary
020 7647 3000
Related Shares:
GPOR.L