Director/PDMR Shareholding

RNS Number : 4688S

Derwent London PLC

16 March 2021

 

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 16 March 2021, the Company released shares in connection with the vesting of a tranche of awards granted under the terms of the Group's deferred bonus scheme. The shares were deferred on 13 March 2020 in respect to the 2019 annual bonus and will be released in two tranches, 50% on 16 March 2021 (see the table below) and the remaining 50% on 14 March 2022.

On the same date, the PDMRs choose to sell all, or a proportion, of their released shares (which included a number to discharge the relevant tax obligations), in all cases at an average price of £33.03 per share.

Name	Role	Vested (Number)	Shares sold (Number)
John D Burns	Chairman	1,831	1,831
Damian M A Wisniewski	Chief Financial Officer	3,261	3,261
Paul M Williams	Chief Executive	3,830	3,830
Nigel Q George	Director	3,261	1,536
David G Silverman	Director	3,261	1,536

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

16 March 2021

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		Acquisition of shares in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 1,831
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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 acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.03 1,831
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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	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
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 3,261
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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 acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.03 3,261
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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	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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 3,830
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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 acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.03 3,830
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 3,261
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.03 1,536
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 3,261
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)	Price(s) and volume(s)		Price(s) Volume(s) £33.03 1,536
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		16 March 2021
f)	Place of the transaction		London Stock Exchange (XLON)

 

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