Director/PDMR Shareholding

RNS Number : 1776G

Derwent London PLC

16 March 2020

 

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').

Bonus deferral

On 13 March 2020, the Company granted the following Share-based Awards under the Derwent London Annual Bonus Plan ('the Plan'), in respect of the deferred element of the 2019 annual bonus.

Name	Role	Deferred Bonus Award (Number)
John D Burns	Chairman	3,572
Paul M Williams	Chief Executive Officer	7,474
Simon P Silver	Director	7,996
Damian M A Wisniewski	Chief Financial Officer	6,364
Nigel Q George	Director	6,364
David G Silverman	Director	6,364

In accordance with the Plan, bonuses of up to 100% of base salary are paid as cash. Amounts in excess of 100% are deferred into shares of which 50% are released after 12 months and the balance after 24 months. Other than the application of a percentage of the annual bonus in the acquisition of the Shares, no consideration is payable on the grant or release of an Award.

For the Awards granted on 13 March 2020, 50% will release in March 2021 with the balance being released in March 2022, but only to the extent that the participant is still employed by Derwent London at that time. The Directors are each entitled to additional vesting shares for dividend equivalents in respect of dividends paid on vested shares between the grant date and the release date.

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

The Company was notified of the grant of all Awards on 13 March 2020.

Enquiries:

D A Lawler

Company Secretary

16 March 2020

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	Chairman
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		Grant of a conditional award under the Derwent London Annual Bonus Plan
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.05 3,572
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		13 March 2020
f)	Place of the transaction		London Stock Exchange - Main Market (XLON)

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		Paul M Williams
2.	Reason for the notification
a)	Position / status	Chief Executive Officer
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
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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Grant of a conditional award under the Derwent London Annual Bonus Plan
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.05 7,474
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		13 March 2020
f)	Place of the transaction		London Stock Exchange - Main Market (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
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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Grant of a conditional award under the Derwent London Annual Bonus Plan
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.05 7,996
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		13 March 2020
f)	Place of the transaction		London Stock Exchange - Main Market (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	Chief Financial Officer
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
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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Grant of a conditional award under the Derwent London Annual Bonus Plan
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.05 6,364
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		13 March 2020
f)	Place of the transaction		London Stock Exchange - Main Market (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
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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Grant of a conditional award under the Derwent London Annual Bonus Plan
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.05 6,364
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		13 March 2020
f)	Place of the transaction		London Stock Exchange - Main Market (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
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, type of instrument Identification code		5p Ordinary shares in Derwent London plc GB0002652740
b)	Nature of the transaction		Grant of a conditional award under the Derwent London Annual Bonus Plan
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.05 6,364
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		13 March 2020
f)	Place of the transaction		London Stock Exchange - Main Market (XLON)

 

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