REG - Derwent London PLC - Director/PDMR Shareholding
RNS Number : 6160XDerwent London PLC30 April 2019For 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 Options
On 30 April 2019, the Company granted options over 20,762 ordinary shares of 5 pence in the Company ("Options"), in aggregate, pursuant to the Derwent London Sharesave Plan ("Sharesave Plan").
The three-year contract for the Options will start on 1 June 2019. These Options are exercisable at a price of £25.80 per share from 1 June 2022 and are not subject to any performance conditions. The exercise price has been determined in accordance with the valuation methodology agreed with HM Revenue & Customs and the rules of the Sharesave Plan.
Within the Options described above, the following Options were granted to PDMRs:
Name
Role
Options granted under Sharesave Plan
Damian M A Wisniewski
Finance Director
348
Paul M Williams
Director
348
Nigel Q George
Director
348
David G Silverman
Director
348
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
30 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
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 an option under the Derwent London Sharesave Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£25.80
348
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
30 April 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 an option under the Derwent London Sharesave Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£25.80
348
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
30 April 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 an option under the Derwent London Sharesave Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£25.80
348
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
30 April 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 an option under the Derwent London Sharesave Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£25.80
348
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
30 April 2019
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.ENDDSHLLFFSSTIIVIA
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