REG - Derwent London PLC - Director/PDMR Shareholding

Derwent LondonAnnouncement

15/04/2021 16:45

RNS Number : 6454V
  
Derwent London PLC
  
15 April 2021
  
 

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 Options
 
On 15 April 2021, the Company granted options over 13,914 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 2021.  These Options are exercisable at a price of £25.93 per share from 1 June 2024 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


Chief Financial Officer


173




Emily J Prideaux


Director


347



 
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
 
15 April 2021
 
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


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




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)




£25.93


173













 
 




d)


Aggregated information 
-      Aggregated volume 
-      Price


 
Not applicable - single transaction




e) 


Date of the transaction


15 April 2021




f)


Place of the transaction 


Outside a trading venue









 
 











1.


Details the person discharging managerial responsibilities / person closely associated




a)


Name


Emily J 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




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)




£25.93


347













 
 




d)


Aggregated information 
-      Aggregated volume 
-      Price


 
Not applicable - single transaction




e) 


Date of the transaction


15 April 2021




f)


Place of the transaction 


Outside a trading venue









 
 


 


 
 
 
 
 
 
 
 
 
 

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