Director/PDMR Shareholding

Derwent London

04/03/2025 17:15

RNS Number : 3436Z

Derwent London PLC

04 March 2025

 

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 Award

 

On 4 March 2025, the Company granted the following share-based Awards under the Derwent London Performance Share Plan 2014 (the 'PSP').

 

Name
Role
PSP Award
(Number)
Paul M Williams
Chief Executive Officer
80,750
Damian M A Wisniewski
Chief Financial Officer
62,283
Nigel Q George
Director
62,283
Emily J Prideaux
Director
62,283

 

Awards granted under the PSP (structured as nil cost options) will vest on 4 March 2028 but only to the extent that certain performance conditions are satisfied over a performance period which ends on 31 December 2027.  No consideration is payable on the grant or vesting of an Award. 

 

Following vesting and subject to the Company's share dealing procedures, PSP Awards can be exercised at any time up until the tenth anniversary of grant.

 

The Directors are each required to retain their net of tax liability number of vested Shares (if any) delivered under their Award for at least two years from the point of vesting (the 'Holding Period') and are each entitled to additional vesting shares for dividend equivalents in respect of dividends paid on vested shares between the grant date and the date 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.

 

The Company was notified of the grant of all Awards on 4 March 2025.

 

 

Enquiries:

D A Lawler

Company Secretary

 

4 March 2025

 

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 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 a nil cost option award under the Derwent London Performance Share Plan 2023.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
80,750
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 March 2025
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 a nil cost option award under the Derwent London Performance Share Plan 2023.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
62,283
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4March 2025
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 a nil cost option award under the Derwent London Performance Share Plan 2023.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
62,283
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4March 2025
f)
Place of the transaction
Outside a trading venue


 

1.
Details the person discharging managerial responsibilities / person closely associated
a)
Name
Emily J Prideaux
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 a nil cost option award under the Derwent London Performance Share Plan 2023.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
62,283
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4March 2025
f)
Place of the transaction
Outside a trading venue


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
DSHFLFLDVLISIIE