Director/PDMR Shareholding

RNS Number : 3913J

Derwent London PLC

09 April 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').

Grant of Options

On 9 April 2020, the Company granted options over 22,730 ordinary shares of 5 pence in the Company ("Options"), in aggregate, pursuant to the Derwent London Sharesave Plan ("Sharesave Plan"). 

The three-year contract for the Options will start on 1 June 2020.  These Options are exercisable at a price of £27.53 per share from 1 June 2023 and are not subject to any performance conditions.  The exercise price has been determined in accordance with the valuation methodology agreed with HM Revenue & Customs and the rules of the Sharesave Plan. 

Within the Options described above, the following Options were granted to PDMRs:

Name	Role	Options granted under Sharesave Plan
Paul M Williams	Chief Executive	326
Damian M A Wisniewski	Chief Financial Officer	163
Nigel Q George	Director	326
David G Silverman	Director	326

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

9 April 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		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
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 an option under the Derwent London Sharesave Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £27.53 326
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		9 April 2020
f)	Place of the transaction		Outside a trading venue

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 an option under the Derwent London Sharesave Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £27.53 163
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		9 April 2020
f)	Place of the transaction		Outside a trading venue

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 an option under the Derwent London Sharesave Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £27.53 326
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		9 April 2020
f)	Place of the transaction		Outside a trading venue

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 an option under the Derwent London Sharesave Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £27.53 326
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		9 April 2020
f)	Place of the transaction		Outside a trading venue

 

END

 

 

DSHFLFILSTIAIII