Director/PDMR Shareholding
In brief · summary, not quotable
Great Portland Estates plc announced that on June 2, 2026, Chief Executive Toby Courtauld exercised nil-cost options for 62,095 ordinary shares and subsequently sold 29,288 shares at 314.2p each to cover tax liabilities, totaling £92,022.90. Executive Director Dan Nicholson also exercised nil-cost options for 33,999 ordinary shares and sold 16,037 shares at 314.2p each to meet tax obligations, amounting to £50,388.25. These transactions relate to the Deferred Share Bonus Plan and reflect the impact of a prior rights issue.
Full announcement
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- 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 award granted on 2 June 2023, 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 of 15 5 / 19 pence each acquired upon exercise of options |
|---|---|---|
| Toby Courtauld | Chief Executive | 62,095 |
| Dan Nicholson | Executive Director | 33,999 |
- 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 314.2p per share:
| Director | PDMR / Title | No. of ordinary shares of 15 5 / 19 pence each sold for tax/NIC purposes | |
| Toby Courtauld | Chief Executive | 29,288 | |
| Dan Nicholson | Executive Director | 16,037 | |
| 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 | |
| a) | Name | Great Portland Estates plc | |
| b) | Legal Entity Identifier | 213800JMEDD2Q4N1MC42 | |
| 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. 62,095 | |
| 2. 314.2p | 2. 29,288 | ||
| d) | Aggregated information Aggregated volume Aggregated price Aggregated total | 1. Aggregated volume: 62,095 Aggregated price: Nil Aggregated total: 62,095 ordinary shares |
- Aggregated volume: 29,288 Aggregated price: 314.2p Aggregated total: £92,022.90
| e) | Date of transaction | 2 June 2026 | |
| f) | Place of the transaction | 1. Outside of trading venue 2. 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 | |
| a) | Name | Great Portland Estates plc | |
| b) | Legal Entity Identifier | 213800JMEDD2Q4N1MC42 | |
| 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. 33,999 | |
| 2. 314.2p | 2. 16,037 | ||
| d) | Aggregated information Aggregated volume Aggregated price Aggregated total | 1. Aggregated volume: 33,999 Aggregated price: Nil Aggregated total: 33,999 ordinary shares |
- Aggregated volume: 16,037 Aggregated price: 314.2 p Aggregated total: £50,388.25
| e) | Date of transaction | 2 June 2026 |
| f) | Place of the transaction | 1. Outside of trading venue 2. London Stock Exchange (XLON) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.