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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Great Portland Estates Plc | LSE:GPOR | London | Ordinary Share | GB00BF5H9P87 | ORD 15 5/19P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 735.50 | 739.50 | 740.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMGPOR
RNS Number : 6096U
Great Portland Estates PLC
30 July 2020
DIRECTOR/PDMR SHAREHOLDING
30 July 2020
Great Portland Estates plc (the "Company" or "GPE")
Grant of Awards under the GPE Long-Term Incentive Plan (the "LTIP")
The Company announces that on 29 July 2020, the following Directors were granted awards over Ordinary Shares of 15 (5) / (19) pence each in the Company under the LTIP, the number of shares being calculated using a market price of 580.60 pence per share:
Hot Features
Premium
Director Date of Performance Award Vesting Date Exercisable
Grant Number of Shares Date
Toby Courtauld 29.07.20 317,906 29.07.23 29.07.25
Nick Sanderson 29.07.20 218,722 29.07.23 29.07.25
As outlined in the Directors' remuneration policy approved by shareholders on 24 July 2020, the Remuneration Committee has discretion to override and reduce formulaic outcomes under the LTIP awards should this be considered appropriate in the circumstances.
The vested shares will be subject to a two-year holding period following the third anniversary of the date of grant.
The above awards were granted as nil cost options which are subject to the following criteria relating to the Company's performance over the three-year performance period:
Performance measure % of Vesting Start of
over 3 years award level measurement
period
Straight-line
vesting between
20% these points 100%
------- -------- ---------- --------------
Total Accounting 1 April prior
Return 50% 868p 925p to grant
------- -------- ---------- --------------
TSR against constituents 50% Median Upper Grant date
of FTSE 350 Real quartile
Estate Sector
(excluding agencies)
------- -------- ----------------- ---------- --------------
The Notification of Dealing Forms can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
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 Ordinary shares of 15 (5) /
financial instrument (19) p
ISIN: GB00BF5H9P87
-------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option
performance share award under
the Company's Long Term Incentive
Plan.
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price Volume(s)
-------------------------------- ------------------------- ------------
Ordinary shares Nil consideration 317,906
-------------------------------- ------------------------------ ------------
d) Aggregated information Aggregated volume: 317,906
* Aggregated volume Aggregated price: 0.0p
Aggregated total: 317,906 ordinary
shares
* Aggregated price
* Aggregated total
-------------------------------- ---------------------------------------
e) Date of transaction 29 July 2020
-------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------
1. Details of PDMR/person closely associated with
them ("PCA")
a) Name Nick Sanderson
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status Finance & Operations 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 Ordinary shares of 15 (5) /
financial instrument (19) p
ISIN: GB00BF5H9P87
-------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option
performance share award under
the Company's Long Term Incentive
Plan
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price Volume(s)
-------------------------------- ------------------------- ------------
Ordinary shares Nil consideration 218,722
-------------------------------- ------------------------------ ------------
d) Aggregated information Aggregated volume: 218,722
* Aggregated volume Aggregated price: 0.0 p
Aggregated total: 218,722 ordinary
shares
* Aggregated price
* Aggregated total
-------------------------------- ---------------------------------------
e) Date of transaction 29 July 2020
-------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------
Contacts:
Great Portland Estates plc +44 (0) 20 7647 3000
Darren Lennark, Company Secretary
Stephen Burrows, Director of Financial Reporting
and Investor Relations
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHGIGDRCUXDGGG
(END) Dow Jones Newswires
July 30, 2020 05:01 ET (09:01 GMT)
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