Director/PDMR Shareholding
Great Portland Estates plc announced on July 3, 2026, that its Chief Executive, Toby Courtauld, was granted 330,290 ordinary shares under the Restricted Share Plan, Chief Financial Officer Jayne Cottam received 197,889 shares, and Executive Director Dan Nicholson was awarded 196,877 shares, all calculated at a market price of 333.52 pence per share. These nil cost options are subject to continued service and underpin conditions until July 3, 2029, followed by a two-year holding period, with vesting and exercisability dates set for July 3, 2029, and July 3, 2031, respectively.
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The Company announces that, on 3 July 2026 (the "Grant Date"), the following Directors were each granted awards under the RSP over the number of ordinary shares of 15 5/19 pence each in the Company set out against their names below, the number of shares being calculated using a market price of 333.52 pence per share:
| Director | Position/Status | Grant date | Number of shares subject to award | Vesting date | Date exercisable |
|---|---|---|---|---|---|
| Toby Courtauld | Chief Executive | 03.07.2026 | 330,290 | 03.07.2029 | 03.07.2031 |
| Jayne Cottam | Chief Financial Officer | 03.07.2026 | 197,889 | 03.07.2029 | 03.07.2031 |
| Dan Nicholson | Executive Director | 03.07.2026 | 196,877 | 03.07.2029 | 03.07.2031 |
The awards were granted as nil cost options and are subject to continued service and underpin conditions relating to the period expiring on the third anniversary of the grant date. The vested shares will be subject to a two-year holding period following the end of the three-year underpin period.
The Notification of Dealing Forms for each Director can be found below. This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
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 / 19 p ISIN: GB00BF5H9P87 b) Nature of the transaction Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates Restricted Share Plan c) Price(s) and volume(s) Price Volume(s) Ordinary shares Nil consideration 330,290 d) Aggregated information - Aggregated volume - Aggregated price - Aggregated total Aggregated volume: 330,290 Aggregated price: 0. 0p Aggregated total: 330,290 ordinary shares e) Date of transaction 3 July 2026 f) Place of the transaction Outside of trading venue 1. Details of PDMR/person closely associated with them ("PCA") a) Name Jayne Cottam 2. Reason for the notification a) Position/status Chief Financial 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 Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates Restricted Share Plan c) Price(s) and volume(s) Price Volume(s) Ordinary shares Nil consideration 197,889 d) Aggregated information - Aggregated volume - Aggregated price - Aggregated total Aggregated volume: 197,889 Aggregated price: 0.0p Aggregated total: 197,889 ordinary shares e) Date of transaction 3 July 2026 f) Place of the transaction Outside of trading venue 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 Grant of award over ordinary shares in the form of a nil cost option under the rules of the Great Portland Estates Restricted Share Plan c) Price(s) and volume(s) Price Volume(s) Ordinary shares Nil consideration 196,877 d) Aggregated information - Aggregated volume - Aggregated price - Aggregated total Aggregated volume: 196,877 Aggregated price: 0.0p Aggregated total: 196,877 ordinary shares e) Date of transaction 3 July 2026 f) Place of the transaction Outside of trading venue
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.