REG - Derwent London PLC - Director/PDMR Shareholding
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').
Vesting of Award
On 4 April 2019 the share-based awards granted by the Company on 4 April 2016 under the Derwent London Performance Share Plan 2014 (the 'Awards') vested and the PDMRs noted below acquired Shares in connection with the vesting of their Awards. On 5 April 2019, the PDMRs choose to sell a proportion of their vested Shares to discharge the relevant tax obligations, in all cases at an average price of £32.19 per Share.
Name
Role
Vested
(Number)
Shares sold
(Number)John D Burns
Chief Executive
20,546
9,265
Simon P Silver
Director
17,630
7,950
Damian M A Wisniewski
Finance Director
13,089
6,165
Paul M Williams
Director
13,089
6,165
Nigel Q George
Director
13,089
6,165
David G Silverman
Director
13,089
6,165
The Directors are each required to retain their net of tax liability number of vested Shares delivered under this Award for at least two years from the point 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.
Enquiries:
D A Lawler
Company Secretary
5 April 2019
020 7659 3000
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
John D Burns
2.
Reason for the notification
a)
Position / status
Chief Executive
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
4A.
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
Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
20,546
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2019
f)
Place of the transaction
Outside a trading venue
4B.
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
Sale of shares to cover income tax liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£32.19
9,265
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
5 April 2019
f)
Place of the transaction
London Stock Exchange (XLON)
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
4A.
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
Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
17,630
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2019
f)
Place of the transaction
Outside a trading venue
4B.
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
Sale of shares to cover income tax liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£32.19
7,950
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
5 April 2019
f)
Place of the transaction
London Stock Exchange (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
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
4A.
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
Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
13,089
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2019
f)
Place of the transaction
Outside a trading venue
4B.
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
Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£32.19
6,165
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
5 April 2019
f)
Place of the transaction
London Stock Exchange (XLON)
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
4A.
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
Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
13,089
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2019
f)
Place of the transaction
Outside a trading venue
4B.
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
Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£32.19
6,165
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
5 April 2019
f)
Place of the transaction
London Stock Exchange (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
4A.
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
Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
13,089
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2019
f)
Place of the transaction
Outside a trading venue
4B.
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
Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£32.19
6,165
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
5 April 2019
f)
Place of the transaction
London Stock Exchange (XLON)
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
4A.
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
Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
13,089
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2019
f)
Place of the transaction
Outside a trading venue
4B.
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
Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£32.19
6,165
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
5 April 2019
f)
Place of the transaction
London Stock Exchange (XLON)
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