Director/PDMR Shareholding

RNS Number : 7642J

Derwent London PLC

04 April 2018

 

For immediate release

Derwent London plc
 ("Derwent London"/"the Company")

Notification of interests of Directors and Persons Discharging
Managerial Responsibility ("PDMR")

The Company announces the following changes to the interests of Directors in the Company's ordinary shares of 5p each ('Shares').

Vesting of Award

On 3 April 2018 the share-based awards granted by the Company on 30 March 2015 under the Derwent London Performance Share Plan 2014 (the 'Awards') vested and the PDMRs noted below acquired Shares in connection with the vesting of their Awards. On the same date, the PDMRs choose to sell a proportion of their vested Shares to discharge the relevant tax obligations, in all cases at an average price of £30.78 per Share.

Name	Role	Vested (Number)	Shares sold (Number)
John D Burns	Chief Executive	9,473	4,263
Simon P Silver	Director	8,128	3,658
Damian M A Wisniewski	Finance Director	6,034	2,836
Paul M Williams	Director	6,034	2,836
Nigel Q George	Director	6,034	2,836
David G Silverman	Director	6,034	2,836

In addition, each Director became entitled to a dividend equivalent cash payment in respect of dividends paid on the vesting Shares between the grant date and the vesting date.

The Directors are each required to retain their net of tax liability number of vested Shares delivered under this Award for at least two years from the point of vesting. 

This announcement is made in accordance with Article 19 of the Market Abuse Regulation and Rule 3.1 of the Disclosure and Transparency Rules.

Enquiries:

D A Lawler

Company Secretary

4 April 2018

020 7659 3000

www.derwentlondon.com

The information set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		John D Burns
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, auction platform, auctioneer or auction monitor
a)	Name	Derwent London plc
b)	LEI	213800BXKQ9KZNUR1M61
4A.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 9,473
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		Outside a trading venue
4B.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Sale of shares to cover income tax liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) £30.78 4,263
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		London Stock Exchange (XLON)

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		Simon P Silver
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Derwent London plc
b)	LEI	213800BXKQ9KZNUR1M61
4A.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 8,128
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		Outside a trading venue
4B.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Sale of shares to cover income tax liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) £30.78 3,658
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		London Stock Exchange (XLON)

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		Damian M A Wisniewski
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, auction platform, auctioneer or auction monitor
a)	Name	Derwent London plc
b)	LEI	213800BXKQ9KZNUR1M61
4A.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 6,034
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		Outside a trading venue
4B.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) £30.78 2,836
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		London Stock Exchange (XLON)

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		Paul M Williams
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Derwent London plc
b)	LEI	213800BXKQ9KZNUR1M61
4A.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 6,034
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		Outside a trading venue
4B.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) £30.78 2,836
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		London Stock Exchange (XLON)

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		Nigel Q George
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Derwent London plc
b)	LEI	213800BXKQ9KZNUR1M61
4A.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 6,034
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		Outside a trading venue
4B.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) £30.78 2,836
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		London Stock Exchange (XLON)

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		David Silverman
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Derwent London plc
b)	LEI	213800BXKQ9KZNUR1M61
4A.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 6,034
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		Outside a trading venue
4B.	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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) £30.78 2,836
d)	Aggregated information -      Aggregated volume -      Price		Not applicable - single transaction
e)	Date of the transaction		3 April 2018
f)	Place of the transaction		London Stock Exchange (XLON)

 

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