REG - Derwent London PLC - Director/PDMR Shareholding

Derwent LondonAnnouncement

Thu 17:15

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RNS Number : 3440F  Derwent London PLC  21 May 2026

   21 May 2026
 Derwent London plc ("Derwent London" / "the Group")

 Notification of interests of Directors and Persons Discharging

Managerial Responsibility ("PDMR")

The Group announces the following changes to the interests of Directors in the
Group's ordinary shares of 5p each (the 'Shares').

Grant of Awards

On 21 May 2026, the Group granted share-based awards (the 'Awards') under the
Derwent London Performance Share Plan 2023 (the 'Plan') to certain Directors
of the Group (who are Persons Discharging Managerial Responsibilities), as
follows:

 

 Name                   Role                     Type of Award            Number of shares
 Damian M A Wisniewski  Chief Financial Officer  Performance Share Award  49,905
                        Restricted Share Award                            8,317
 Emily J Prideaux       Director                 Performance Share Award  49,905
                        Restricted Share Award                            8,317

 

Awards granted under the Plan are structured as nil cost options and will vest
on 21 May 2029. The number of Awards granted are taken as a percentage of
salary, with 150% of salary for the Performance Share Awards and 25% for the
Restricted Share Awards.

Vesting of Performance Share Awards depends on the extent to which the
performance conditions are satisfied, being performance metrics and targets
related to total shareholder return, total property return and embodied carbon
intensity.

Vesting of Restricted Share Awards depends on the performance underpins being
achieved, namely no breach of financial covenants, satisfactory underlying
performance and no material failure resulting in significant reputational
damage and/or financial loss.

The performance period for the Awards commenced on 1 January 2026 and will end
on 31 December 2028.

Following vesting and subject to the Group's share dealing procedures, Awards
under the Plan can be exercised in accordance with the rules of the Plan.

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.

The Awards remain subject to the malus and clawback provisions of the Plan.

 

This announcement is made in accordance with Article 19 of the Market Abuse
Regulation and Rule 3.1 of the Disclosure Guidance and Transparency Rules.

 

Notification of the transactions set out below was made to the Group on 21 May
2026.

 

For further information, please contact:

 Derwent London             David Lawler, Company Secretary

 Tel: +44 (0)20 7659 3000

The information set out below is provided in accordance with the requirements
of the UK Market Abuse Regulation.

 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        5p Ordinary shares in Derwent London plc

     Identification code

                                                                       GB0002652740
 b)  Nature of the transaction                                         Grant of nil cost option awards under the Derwent London Performance Share
                                                                       Plan 2023.
 c)  Price(s) and volume(s)                                            Price(s)  Volume(s)
                                                                       Nil       58,222

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           21 May 2026
 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 May 2026

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        5p Ordinary shares in Derwent London plc

     Identification code

                                                                       GB0002652740
 b)  Nature of the transaction                                         Grant of nil cost option awards under the Derwent London Performance Share
                                                                       Plan 2023.
 c)  Price(s) and volume(s)                                            Price(s)  Volume(s)
                                                                       Nil       58,222

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           21 May 2026
 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 May 2026

f)

Place of the transaction

Outside a trading venue

 

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