REG - Derwent London PLC - Director/PDMR Shareholding

Derwent LondonAnnouncement

21/09/2023 15:00

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RNS Number : 2613N  Derwent London PLC  21 September 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').

 

Grant of Options

 

On 21 September 2023, the Company granted options over 50,918 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 November 2023.  These
Options are exercisable at a price of £14.87 per share from 1 November 2026
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
 Paul M Williams        Chief Executive          623
 Damian M A Wisniewski  Chief Financial Officer  311
 Nigel Q George         Director                 623
 Emily Prideaux         Director                 623

 

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

 

21 September 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
 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)
                                                                       £14.87    623

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           21 September 2023
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

21 September 2023

f)

Place of the transaction

Outside a trading venue

 

 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)
                                                                       £14.87    311

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           21 September 2023
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

21 September 2023

f)

Place of the transaction

Outside a trading venue

 

 

 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 an option under the Derwent London Sharesave Plan.
 c)  Price(s) and volume(s)                                            Price(s)  Volume(s)
                                                                       £14.87    623

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           21 September 2023
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

21 September 2023

f)

Place of the transaction

Outside a trading venue

 

 

 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
 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)
                                                                       £14.87    623

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           21 September 2023
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

21 September 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 

 

 

 

 

 

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