REG - Derwent London PLC - Annual Financial Report

Derwent LondonAnnouncement

15/04/2025 10:15

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RNS Number : 0920F  Derwent London PLC  15 April 2025

For immediate release

 

 

Derwent London plc

 (the "Company")

 

Notice of the 2025 Annual General Meeting ("AGM") and

publication of the 2024 Report & Accounts and the 2024 Responsibility
Report

 

 

Notice of 2025 AGM and 2024 Report & Accounts

 

Derwent London plc announces that copies of the Notice of the 2025 AGM and
2024 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 2024 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 2024 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 2024 on 27 February 2025.

 

2025 AGM

 

As set out in the Notice of the 2025 AGM, the Company's 41st AGM will be held
on 16 May 2025 at 9:30 am. The Directors look forward to meeting with
shareholders in person.

 

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.

 

2024 Responsibility Report

 

Derwent London plc announces that the 2024 Responsibility Report, and
associated data worksheet, was published on its website today and is available
to be viewed here: www.derwentlondon.com/responsibility/publications
(http://www.derwentlondon.com/responsibility/publications)

 

Enquiries:

 

D A Lawler

Company Secretary

 

15 April 2025

 

020 7659 3000

Notes to editors

 

Derwent London plc

Derwent London plc owns 62 buildings in a commercial real estate portfolio
predominantly in central London valued at £5.0 billion as at 31 December
2024, 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 redevelopment 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.

We are frequently recognised in industry awards for the quality, design and
innovation of our projects. 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.

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. Our science-based
carbon targets validated by the Science Based Targets initiative (SBTi). In
2013 the Company launched a voluntary Community Fund which has to date
supported 180 community projects in central London.

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 LinkedIn
(https://www.linkedin.com/company/derwentlondon/?viewAsMember=true)

 

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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