REG - Derwent London PLC - Director/PDMR Shareholding
RNS Number : 4639SDerwent London PLC16 March 2021For 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 16 March 2021 the share-based awards granted by the Company on 6 March 2018 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 16 March 2021, 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 £33.03 per Share.
Name
Role
Vested
(Number)
Shares sold
(Number)John D Burns
Chairman
15,828
7,137
Damian M A Wisniewski
Chief Financial Officer
25,913
12,204
Paul M Williams
Chief Executive
25,913
12,204
Nigel Q George
Director
25,913
12,204
David G Silverman
Director
25,913
12,204
Emily Prideaux
Director
6,037
2,844
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
16 March 2021
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
Chairman
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
15,828
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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)
£33.03
7,137
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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
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
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
25,913
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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)
£33.03
12,204
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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
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
25,913
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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)
£33.03
12,204
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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
25,913
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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)
£33.03
12,204
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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
25,913
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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)
£33.03
12,204
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details the person discharging managerial responsibilities / person closely associated
a)
Name
Emily 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
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
6,037
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
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)
£33.03
2,844
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 March 2021
f)
Place of the transaction
London Stock Exchange (XLON)
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHFLFIRVDIRLIL
Recent news on Derwent London
See all newsREG - Derwent London PLC - Total Voting Rights
AnnouncementREG - Derwent London PLC - Sale of Turnmill EC1
AnnouncementREG - Derwent London PLC - Notice of 2024 AGM and 2023 Report & Accounts
AnnouncementREG - Derwent London PLC - Total Voting Rights
AnnouncementREG - Derwent London PLC - Block listing Interim Review
Announcement