Director/PDMR Shareholding

Derwent London

26/03/2025 13:00

RNS Number : 3401C

Derwent London PLC

26 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').

 

Bonus deferral

 

On 26 March 2025, the Company granted the following Share-based Awards under the Derwent London Annual Bonus Plan ('the Plan'), in respect of the deferred element of the 2024 annual bonus.

 

Name
Role
Deferred Bonus Award
(Number)
Paul M Williams
Chief Executive Officer
6,570
Damian M A Wisniewski
Chief Financial Officer
5,067
Nigel Q George
Director
5,067
Emily J Prideaux
Director
5,067

 

In accordance with the Plan, bonuses of up to 75% of base salary are paid as cash. Amounts in excess of 75% are deferred into shares and released after three years (on the third anniversary of the Award's grant date), but only to the extent that the participant is still employed by Derwent London at that time. The Directors are each entitled to additional vesting shares for dividend equivalents in respect of dividends paid on vested shares between the grant date and the release date.

 

Other than the application of a percentage of the annual bonus in the acquisition of the Shares, no consideration is payable on the grant or release of an Award.

 

This announcement is made in accordance with Market Abuse Regulations and Rule 3.1 of the Disclosure and Transparency Rules.

 

The Company was notified of the grant of all Awards on 26 March 2025.

 

 

Enquiries:

D A Lawler

Company Secretary

 

26 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 conditional award under the Derwent London Annual Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
18.298760
6,570
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
25 March 2025
f)
Place of the transaction
London Stock Exchange - Main Market (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
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 conditional award under the Derwent London Annual Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
18.298760
5,067
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
25 March 2025
f)
Place of the transaction
London Stock Exchange - Main Market (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
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 conditional award under the Derwent London Annual Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
18.298760
5,067
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
25 March 2025
f)
Place of the transaction
London Stock Exchange - Main Market (XLON)


 

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 conditional award under the Derwent London Annual Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
18.298760
5,067
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
25 March 2025
f)
Place of the transaction
London Stock Exchange - Main Market (XLON)


 

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