REG - Derwent London PLC - Director/PDMR Shareholding
15/03/2022 10:45
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RNS Number : 8259E Derwent London PLC 15 March 2022
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 14 March 2022 the share-based awards granted by the Company on 12 March
2019 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 14 March 2022, 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 £30.9046 per Share.
Name Role Vested Shares sold
(Number)
(Number)
Paul M Williams Chief Executive 5,253 2,474
Nigel Q George Director 5,253 2,474
David G Silverman Director 5,253 2,474
Emily Prideaux Director 1,435 676
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
15 March 2022
020 7659 3000
www.derwentlondon.com (http://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 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 5,253
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
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)
£30.9046 2,474
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
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)
£30.9046 2,474
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
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 5,253
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
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)
£30.9046 2,474
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
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)
£30.9046 2,474
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
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 5,253
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
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)
£30.9046 2,474
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
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)
£30.9046 2,474
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
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 1,435
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
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)
£30.9046 676
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 14 March 2022
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
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)
£30.9046 676
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
14 March 2022
f)
Place of the transaction
London Stock Exchange (XLON)
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