REG - Derwent London PLC - Report and Accounts 2021 and Notice of AGM

Derwent LondonAnnouncement

13/04/2022 14:00

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RNS Number : 3032I  Derwent London PLC  13 April 2022

For immediate release

 

 

Derwent London plc

 (the "Company")

 

Notice of the 2022 Annual General Meeting ("AGM") and

publication of the 2021 Report & Accounts and the 2021 Responsibility
Report

 

 

Notice of 2022 AGM and 2021 Report & Accounts

 

Derwent London plc announces that copies of the Notice of the 2022 AGM and
2021 Report & Accounts have been made available to shareholders and can be
viewed and downloaded on the Company's website, www.derwentlondon.com
(https://otp.tools.investis.com/clients/uk/derwent_london1/rns/regulatory-story.aspx?cid=819&newsid=1469158)
.

 

Copies of these documents, together with the Form of Proxy for the AGM, will
be submitted to the National Storage Mechanism (via the Electronic Submission
System) shortly.

 

In accordance with Rule 4.1.14R of the Disclosure and Transparency Rules, the
Company has published its 2021 Report & Accounts in eXtensible HyperText
Mark-up Language (XHTML) and key elements of its financial statements have
been 'tagged' using eXtensible Business Reporting Language (XBRL). This
version of the 2021 Report & Accounts will also be submitted to the
National Storage Mechanism and is available on our website.

 

In accordance with Rule 4.1(3) of the Disclosure and Transparency Rules, the
Company published its annual results announcement for the year ended 31
December 2021 on 24 February 2022.

 

2022 AGM

 

As set out in the Notice of the 2022 AGM, the Company's 38th AGM will be held
on 13 May 2022 at 10:30 am. The Directors look forward to meeting with
shareholders in-person this year.

 

We will provide audio facilities for our shareholders who are unable to attend
in-person, so that they may follow the proceedings of the AGM remotely. To
register for access to the audio facilities, please visit our website.
Registration for use of the audio facilities, will close at 10.00 am on Friday
13 May 2022.

 

It would be helpful to the smooth running of the AGM, if questions could be
submitted to the Company Secretary, David Lawler, at
company.secretary@derwentlondon.com up to one day before the commencement of
the AGM.

 

2021 Responsibility Report

 

Derwent London plc announces that the 2021 Responsibility Report was published
on its website today and is available to be viewed
here, https://rr.derwentlondon.com (https://rr.derwentlondon.com)

 

 

Enquiries:

 

D A Lawler

Company Secretary

 

13 April 2022

 

020 7659 3000

 

Notes to editors

 

Derwent London plc

 

Derwent London plc owns 81 buildings in a commercial real estate portfolio
predominantly in central London valued at £5.7 billion as at 31 December
2021, making it the largest London-focused real estate investment trust
(REIT).

 

Our experienced team has a long track record of creating value throughout the
property cycle by regenerating our buildings via development or refurbishment,
effective asset management and capital recycling.

 

We typically acquire central London properties off-market with low capital
values and modest rents in improving locations, most of which are either in
the West End or the Tech Belt.  We capitalise on the unique qualities of each
of our properties - taking a fresh approach to the regeneration of every
building with a focus on anticipating tenant requirements and an emphasis on
design.

 

Reflecting and supporting our long-term success, the business has a strong
balance sheet with modest leverage, a robust income stream and flexible
financing.

 

As part of our commitment to lead the industry in mitigating climate change,
Derwent London has committed to becoming a net zero carbon business by 2030,
publishing its pathway to achieving this goal in July 2020.  In 2019 the
Group became the first UK REIT to sign a Revolving Credit Facility with a
'green' tranche.  At the same time, we also launched our Green Finance
Framework and signed the Better Buildings Partnership's climate change
commitment.  The Group is a member of the 'RE100' which recognises Derwent
London as an influential company, committed to 100% renewable power by
purchasing renewable energy, a key step in becoming a net zero carbon
business.  Derwent London is one of only a few property companies worldwide
to have science-based carbon targets validated by the Science Based Targets
initiative (SBTi).

 

Landmark buildings in our 5.6 million sq ft portfolio include 80 Charlotte
Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1,
1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1.

 

In January 2022 we were proud to announce that we had achieved the National
Equality Standard - the UK's highest benchmark for equality, diversity and
inclusion.  In October 2021 Derwent London won EG's UK Company of the Year
award and in January 2022 came top of the Property Sector and 38th position
overall in Management Today's Britain's Most Admired Companies awards 2021.
In 2020 the Group won several awards for Brunel Building with the most
prominent being the BCO Best Commercial Workplace award.  In 2019 the Group
won EG Offices Company of the Year, the CoStar West End Deal of the Year for
Brunel Building and Westminster Business Council's Best Achievement in
Sustainability award.  In 2013 the Company launched a voluntary Community
Fund and has to date supported well over 100 community projects in the West
End and the Tech Belt.

 

The Company is a public limited company, which is listed on the London Stock
Exchange and incorporated and domiciled in the UK.  The address of its
registered office is 25 Savile Row, London, W1S 2ER.

 

For further information see www.derwentlondon.com
(http://www.derwentlondon.com) or follow us on Twitter at @derwentlondon

 

Forward-looking statements

This document contains certain forward-looking statements about the future
outlook of Derwent London.  By their nature, any statements about future
outlook involve risk and uncertainty because they relate to events and depend
on circumstances that may or may not occur in the future.  Actual results,
performance or outcomes may differ materially from any results, performance or
outcomes expressed or implied by such forward-looking statements.

No representation or warranty is given in relation to any forward-looking
statements made by Derwent London, including as to their completeness or
accuracy.  Derwent London does not undertake to update any forward-looking
statements whether as a result of new information, future events or
otherwise.  Nothing in this announcement should be construed as a profit
forecast.

 

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