Great Portland Estates PLC Director/PDMR Shareholding (5390N)

TIDMGPOR

RNS Number : 5390N

Great Portland Estates PLC

09 August 2017

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 13(3) /(19) p each:

 
                                   No. of Ordinary 
                             shares of 13(3) /(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 13(3) /(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                    Ordinary shares of 13(3) 
        the financial instrument          /(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: 18,219 
         *    Aggregated volume           Aggregated price: 0.0p 
                                          Aggregated total: 18,219 
                                          ordinary shares 
         *    Aggregated price 
 
 
         *    Aggregated total 
----  --------------------------------  --------------------------------- 
 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                    Ordinary shares of 13(3) 
        the financial instrument          /(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: 8,563 
         *    Aggregated volume           Aggregated price: 609.17p 
                                          Aggregated total: GBP52,163.39 
 
         *    Aggregated price 
 
 
         *    Aggregated total 
----  --------------------------------  ---------------------------------- 
 e)    Date of transaction               8 August 2017 
----  --------------------------------  ---------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ---------------------------------- 
 

Contact:

Desna Martin, Company Secretary

020 7647 3000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 09, 2017 06:36 ET (10:36 GMT)