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 16 March 2021, the Company released shares in connection with the vesting of a tranche of awards granted under the terms of the Group's deferred bonus scheme. The shares were deferred on 13 March 2020 in respect to the 2019 annual bonus and will be released in two tranches, 50% on 16 March 2021 (see the table below) and the remaining 50% on 14 March 2022.
On the same date, the PDMRs choose to sell all, or a proportion, of their released shares (which included a number 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
1,831
1,831
Damian M A Wisniewski
Chief Financial Officer
3,261
3,261
Paul M Williams
Chief Executive
3,830
3,830
Nigel Q George
Director
3,261
1,536
David G Silverman
Director
3,261
1,536
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,831
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 acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£33.03
1,831
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
3,261
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 acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£33.03
3,261
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
3,830
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 acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£33.03
3,830
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
3,261
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£33.03
1,536
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
3,261
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 tranche of a deferred bonus award granted under the Group's deferred bonus scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£33.03
1,536
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)
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