Director/PDMR Shareholding

RNS Number : 8306N

Derwent London PLC

06 June 2022

 

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').

Exercise of Options

On 1 June 2022, the Options granted on 30 April 2019 pursuant to the Derwent London Sharesave Plan ("Sharesave Plan") reached maturity and became capable of exercise.

On the same date, the PDMRs noted below exercised their Options and acquired Shares at the exercise price of £25.80. The exercise price was set at the point of grant and was determined in accordance with the valuation methodology agreed with HM Revenue & Customs and the rules of the Sharesave Plan. 

Name	Role	Options exercised under Sharesave Plan (Number)
Paul Williams	Chief Executive Officer	348
Damian Wisniewski	Chief Financial Officer	348
Nigel George	Director	348

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

6 June 2022

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 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		Exercise of an option under the Derwent London Sharesave Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £25.80 348
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		1 June 2022
f)	Place of the transaction		Outside a trading venue

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		Damian 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		Exercise of an option under the Derwent London Sharesave Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £25.80 348
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		1 June 2022
f)	Place of the transaction		Outside a trading venue

1.	Details the person discharging managerial responsibilities / person closely associated
a)	Name		Nigel 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		Exercise of an option under the Derwent London Sharesave Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £25.80 348
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		1 June 2022
f)	Place of the transaction		Outside a trading venue

 

END

 

 

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