Director/PDMR Shareholding

RNS Number : 1874H

Derwent London PLC

23 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').

Vesting of Award

On 20 March 2020 the share-based awards granted by the Company on 20 March 2017 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 20 March 2020, 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 £27.6143 per Share.

Name	Role	Vested (Number)	Shares sold (Number)
John D Burns	Chairman	24,662	11,121
Simon P Silver	Director	29,436	13,273
Damian M A Wisniewski	Chief Financial Officer	22,394	10,547
Paul M Williams	Chief Executive	22,394	10,547
Nigel Q George	Director	22,394	10,547
David G Silverman	Director	22,394	10,547

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

23 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		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 24,662
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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) £27.6143 11,121
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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 29,436
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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) £27.6143 13,273
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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 PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 22,394
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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) £27.6143 10,547
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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 PSP award granted under the Group's Performance Share Plan 2014.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil 22,394
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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) £27.6143 10,547
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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 22,394
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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) £27.6143 10,547
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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 22,394
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
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) £27.6143 10,547
d)	Aggregated information -  Aggregated volume -  Price		Not applicable - single transaction
e)	Date of the transaction		20 March 2020
f)	Place of the transaction		London Stock Exchange (XLON)

 

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