REG - Derwent London PLC - Director/PDMR Shareholding

Derwent LondonAnnouncement

13/03/2019 10:30

RNS Number : 7373S
Derwent London PLC
13 March 2019
 


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 12 March 2019, the Company granted the following share-based Awards under the Derwent London Performance Share Plan 2014 (the 'PSP').
 



Name


Role


PSP Award
(Number)




Simon P Silver


Director


35,720




Damian M A Wisniewski


Finance Director


27,174




Paul M Williams


Director


27,174




Nigel Q George


Director


27,174




David G Silverman


Director


27,174



 
Awards granted under the PSP (structured as nil cost options) will vest on 12 March 2022 but only to the extent that certain performance conditions based on total shareholder return and total property return are satisfied over a performance period which ends on 31 December 2021.  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 earlier of the date of exercise or the expiry of the Holding Period.
 
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 12 March 2019.
 
 
Enquiries:
D A Lawler
Company Secretary
 
13 March 2019
 
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


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




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 2014.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


35,720













 
 




d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable - single transaction




e)


Date of the transaction


12 March 2019




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


Finance 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 2014.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


27,174













 
 




d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable - single transaction




e)


Date of the transaction


12 March 2019




f)


Place of the transaction


Outside a trading venue









 
 



1.


Details the person discharging managerial responsibilities / person closely associated




a)


Name


Paul M Williams




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 2014.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


27,174













 
 




d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable - single transaction




e)


Date of the transaction


12 March 2019




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 2014.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


27,174













 
 




d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable - single transaction




e)


Date of the transaction


12 March 2019




f)


Place of the transaction


Outside a trading venue









 



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




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 2014.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


27,174













 
 




d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable - single transaction




e)


Date of the transaction


12 March 2019




f)


Place of the transaction


Outside a trading venue









 


 


 




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