REG - Derwent London PLC - Director/PDMR Shareholding

Derwent LondonAnnouncement

17/08/2022 11:00

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RNS Number : 3189W  Derwent London PLC  17 August 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 16 August 2022 the share-based award granted by the Company on 14 August
2019 under the Derwent London Performance Share Plan 2014 (the 'Award') vested
and the PDMR noted below acquired Shares in connection with the vesting of his
Award.

 

 

 Name             Role             Vested     Shares sold

(Number)
                                   (Number)
 Paul M Williams  Chief Executive  1,300      0

 

The Director is required to retain his 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

 

17 August 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       1,300

 

 d)   Aggregated information

      -      Aggregated volume                                          Not applicable - single transaction

      -      Price
 e)   Date of the transaction                                           16 August 2022
 f)   Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 August 2022

f)

Place of the transaction

Outside a trading venue

 

 

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