REG - Derwent London PLC - Notice of 2024 AGM and 2023 Report & Accounts

Derwent LondonAnnouncement

09/04/2024 09:45

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RNS Number : 8535J  Derwent London PLC  09 April 2024

For immediate release

 

 

Derwent London plc

 (the "Company")

 

Notice of the 2024 Annual General Meeting ("AGM") and

publication of the 2023 Report & Accounts and the 2023 Responsibility
Report

 

 

Notice of 2024 AGM and 2023 Report & Accounts

 

Derwent London plc announces that copies of the Notice of the 2024 AGM and
2023 Report & Accounts have been made available to shareholders and can be
viewed and downloaded on the Company's website, www.derwentlondon.com
(https://otp.tools.investis.com/clients/uk/derwent_london1/rns/regulatory-story.aspx?cid=819&newsid=1469158)

 

Copies of these documents, together with the Form of Proxy for the AGM, will
be submitted to the National Storage Mechanism (via the Electronic Submission
System) shortly.

 

In accordance with Rule 4.1.14R of the Disclosure and Transparency Rules, the
Company has published its 2023 Report & Accounts in eXtensible HyperText
Mark-up Language (XHTML) and key elements of its financial statements have
been 'tagged' using eXtensible Business Reporting Language (XBRL). This
version of the 2023 Report & Accounts will also be submitted to the
National Storage Mechanism and is available on our website.

 

In accordance with Rule 4.1(3) of the Disclosure and Transparency Rules, the
Company published its annual results announcement for the year ended 31
December 2023 on 28 February 2024.

 

2024 AGM

 

As set out in the Notice of the 2024 AGM, the Company's 40th AGM will be held
on 10 May 2024 at 10:30 am. The Directors look forward to meeting with
shareholders in person.

 

We will provide audio facilities for our shareholders who are unable to attend
in-person, so that they may follow the proceedings of the AGM remotely. To
register for access to the audio facilities, please visit our website.
Registration for use of the audio facilities, will close at 10.00 am on Friday
10 May 2024.

 

It would be helpful to the smooth running of the AGM, if questions could be
submitted to the Company Secretary, David Lawler, at
company.secretary@derwentlondon.com up to one day before the commencement of
the AGM.

 

2023 Responsibility Report

 

Derwent London plc announces that the 2023 Responsibility Report was published
on its website today and is available to be viewed
here, Derwent-London-Responsibility-Report-2023
(https://www.derwentlondon.com/uploads/downloads/Derwent-London-Responsibility-Report-2023.pdf)

 

 

Enquiries:

 

D A Lawler

Company Secretary

 

9 April 2024

 

020 7659 3000

 

 

 

 

 

 

Notes to editors

 

Derwent London plc

Derwent London plc owns 66 buildings in a commercial real estate portfolio
predominantly in central London valued at £4.9 billion as at 31 December
2023, making it the largest London office-focused real estate investment trust
(REIT).

 

Our experienced team has a long track record of creating value throughout the
property cycle by regenerating our buildings via development or refurbishment,
effective asset management and capital recycling.

We typically acquire central London properties off-market with low capital
values and modest rents in improving locations, most of which are either in
the West End or the Tech Belt. We capitalise on the unique qualities of each
of our properties - taking a fresh approach to the regeneration of every
building with a focus on anticipating tenant requirements and an emphasis on
design.

Reflecting and supporting our long-term success, the business has a strong
balance sheet with modest leverage, a robust income stream and flexible
financing.

As part of our commitment to lead the industry in mitigating climate change,
Derwent London has committed to becoming a net zero carbon business by 2030,
publishing its pathway to achieving this goal in July 2020. In 2019 the Group
became the first UK REIT to sign a Revolving Credit Facility with a 'green'
tranche. At the same time, we also launched our Green Finance Framework and
signed the Better Buildings Partnership's climate change commitment. The Group
is a member of the 'RE100' which recognises Derwent London as an influential
company, committed to 100% renewable power by purchasing renewable energy, a
key step in becoming a net zero carbon business. Derwent London is one of the
property companies worldwide to have science-based carbon targets validated by
the Science Based Targets initiative (SBTi).

Landmark buildings in our 5.4 million sq ft portfolio include 1 Soho Place W1,
80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel
Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1.

In January 2022 we were proud to announce that we had achieved the National
Equality Standard - the UK's highest benchmark for equality, diversity and
inclusion. In May 2023 we were recognised on the Sunday Times Best Places to
Work List 2023 within the medium-sized organisation category and in the
following month we won two OAS awards - West End New Build for Soho Place W1
and Developer of the Year whilst we were also highly commended for The
Featherstone Building in the City New Build category. In October 2023, White
Collar Factory EC1 won the BCO's Test of Time 2023 award, Soho Place W1 won
the British Construction Industry Awards' Best Commercial Property Project of
the Year and Derwent London was awarded the EG Employer Award. In March 2023
we placed in the top three of the Property Sector in Management Today's
Britain's Most Admired Companies awards 2022. In October 2022, 80 Charlotte
Street won the BCO's Best National Commercial Workplace award 2022.  In 2013
the Company launched a voluntary Community Fund which has to date supported
over 160 community projects in the West End and the Tech Belt. The Company is
a public limited company, which is listed on the London Stock Exchange and
incorporated and domiciled in the UK. The address of its registered office is
25 Savile Row, London, W1S 2ER.

For further information see www.derwentlondon.com
(http://www.derwentlondon.com) or follow us on X (Twitter) at @derwentlondon

 

Forward-looking statements

 

This document contains certain forward-looking statements about the future
outlook of Derwent London. By their nature, any statements about future
outlook involve risk and uncertainty because they relate to events and depend
on circumstances that may or may not occur in the future. Actual results,
performance or outcomes may differ materially from any results, performance or
outcomes expressed or implied by such forward-looking statements.

 

No representation or warranty is given in relation to any forward-looking
statements made by Derwent London, including as to their completeness or
accuracy. Derwent London does not undertake to update any forward-looking
statements whether as a result of new information, future events or otherwise.
Nothing in this announcement should be construed as a profit forecast.

 

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