REG - Derwent London PLC - Director/PDMR Shareholding

Derwent LondonAnnouncement

04/03/2025 17:16

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RNS Number : 3436Z  Derwent London PLC  04 March 2025

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 Award

 

On 4 March 2025, the Company granted the following share-based Awards under
the Derwent London Performance Share Plan 2014 (the 'PSP').

 

 Name                   Role                     PSP Award

                                                 (Number)
 Paul M Williams        Chief Executive Officer  80,750
 Damian M A Wisniewski  Chief Financial Officer  62,283
 Nigel Q George         Director                 62,283
 Emily J Prideaux       Director                 62,283

 

Awards granted under the PSP (structured as nil cost options) will vest on 4
March 2028 but only to the extent that certain performance conditions are
satisfied over a performance period which ends on 31 December 2027.  No
consideration is payable on the grant or vesting of an Award.

 

Following vesting and subject to the Company's share dealing procedures, PSP
Awards can be exercised at any time up until the tenth anniversary of grant.

 

The Directors are each required to retain their net of tax liability number of
vested Shares (if any) delivered under their Award for at least two years from
the point of vesting (the 'Holding Period') and are each entitled to
additional vesting shares for dividend equivalents in respect of dividends
paid on vested shares between the grant date and the date 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.

 

The Company was notified of the grant of all Awards on 4 March 2025.

 

 

Enquiries:

D A Lawler

Company Secretary

 

4 March 2025

 

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 nil cost option award under the Derwent London Performance Share
                                                                       Plan 2023.
 c)  Price(s) and volume(s)                                            Price(s)  Volume(s)
                                                                       Nil       80,750

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           4 March 2025
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

4 March 2025

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 a nil cost option award under the Derwent London Performance Share
                                                                       Plan 2023.
 c)  Price(s) and volume(s)                                            Price(s)  Volume(s)
                                                                       Nil       62,283

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           4 March 2025
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

4 March 2025

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 a nil cost option award under the Derwent London Performance Share
                                                                       Plan 2023.
 c)  Price(s) and volume(s)                                            Price(s)  Volume(s)
                                                                       Nil       62,283

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           4 March 2025
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

4 March 2025

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 a nil cost option award under the Derwent London Performance Share
                                                                       Plan 2023.
 c)  Price(s) and volume(s)                                            Price(s)  Volume(s)
                                                                       Nil       62,283

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           4 March 2025
 f)  Place of the transaction                                          Outside a trading venue

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

4 March 2025

f)

Place of the transaction

Outside a trading venue

 

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