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RNS Number : 3470V Derwent London PLC 04 April 2023
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').
Bonus deferral
On 4 April 2023, the Company granted the following Share-based Awards under
the Derwent London Annual Bonus Plan ('the Plan'), in respect of the deferred
element of the 2022 annual bonus.
Name Role Deferred Bonus Award
(Number)
Paul M Williams Chief Executive Officer 6,570
Damian M A Wisniewski Chief Financial Officer 5,256
Nigel Q George Director 5,256
Emily J Prideaux Director 4,690
In accordance with the Plan, bonuses of up to 100% of base salary are paid as
cash. Amounts in excess of 100% are deferred into shares and released after
three years (on the third anniversary of the Award's grant date), but only to
the extent that the participant is still employed by Derwent London at that
time. The Directors are each entitled to additional vesting shares for
dividend equivalents in respect of dividends paid on vested shares between the
grant date and the release date.
Other than the application of a percentage of the annual bonus in the
acquisition of the Shares, no consideration is payable on the grant or release
of an Award.
This announcement is made in accordance with Market Abuse Regulations and Rule
3.1 of the Disclosure and Transparency Rules.
The Company was notified of the grant of all Awards on 4 April 2023.
Enquiries:
D A Lawler
Company Secretary
4 April 2023
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 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 a conditional award under the Derwent London Annual Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
23.70 6,570
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 4 April 2023
f) Place of the transaction London Stock Exchange - Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2023
f)
Place of the transaction
London Stock Exchange - Main Market (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
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 a conditional award under the Derwent London Annual Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
23.70 5,256
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 4 April 2023
f) Place of the transaction London Stock Exchange - Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2023
f)
Place of the transaction
London Stock Exchange - Main Market (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
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 a conditional award under the Derwent London Annual Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
23.70 5,256
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 4 April 2023
f) Place of the transaction London Stock Exchange - Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2023
f)
Place of the transaction
London Stock Exchange - Main Market (XLON)
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 a conditional award under the Derwent London Annual Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
23.70 4,690
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 4 April 2023
f) Place of the transaction London Stock Exchange - Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
4 April 2023
f)
Place of the transaction
London Stock Exchange - Main Market (XLON)
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