Derwent London PLC Director/PDMR Shareholding (8976I)
March 26 2018 - 8:30AM
UK Regulatory
TIDMDLN
RNS Number : 8976I
Derwent London PLC
26 March 2018
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').
Vesting of Award
On 23 March 2018, the Company released shares in connection with
the vesting of a tranche of awards granted under the terms of the
Group's deferred bonus scheme. The shares were deferred on 23 March
2016 in respect to the 2015 annual bonus and released in two
tranches, 50% on 28 March 2017 and the remaining 50% on 23 March
2018 (see the table below). On the same date, the PDMRs choose to
sell all, or a proportion, of their released shares (which included
a number to discharge the relevant tax obligations), in all cases
at an average price of GBP30.27 per share.
Name Role Vested Shares sold
(Number) (Number)
----------------------- ------------------ ---------- ------------
John D Burns Chief Executive 1,124 1,124
----------------------- ------------------ ---------- ------------
Simon P Silver Director 964 964
----------------------- ------------------ ---------- ------------
Damian M A Wisniewski Finance Director 716 716
----------------------- ------------------ ---------- ------------
Paul M Williams Director 716 716
----------------------- ------------------ ---------- ------------
Nigel Q George Director 716 337
----------------------- ------------------ ---------- ------------
David G Silverman Director 716 337
----------------------- ------------------ ---------- ------------
In addition, each Director became entitled to a dividend
equivalent cash payment in respect of dividends paid on the
deferred shares between the deferral date and the release date.
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
26 March 2018
020 7659 3000 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 John D Burns
---- -------------------------------- ---------------------------------------------
2. Reason for the notification
---- -------------------------------------------------------------------------------
a) Position / status Chief Executive
---- ------------------------------ -----------------------------------------------
b) Initial notification Initial notification
/ Amendment
---- ------------------------------ -----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -------------------------------------------------------------------------------
a) Name Derwent London plc
---- ------------------------------ -----------------------------------------------
b) LEI 213800BXKQ9KZNUR1M61
---- ------------------------------ -----------------------------------------------
4A. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Acquisition of shares in connection with
the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 1,124
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- ---------------------------------------------
4B. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Sale of shares acquired in connection
with the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP30.27 1,124
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- -------------------------------- ---------------------------------------------
1. Details the person discharging managerial responsibilities
/ person closely associated
---- -------------------------------------------------------------------------------
a) Name Simon P Silver
---- -------------------------------- ---------------------------------------------
2. Reason for the notification
---- -------------------------------------------------------------------------------
a) Position / status Director
---- ------------------------------ -----------------------------------------------
b) Initial notification Initial notification
/ Amendment
---- ------------------------------ -----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -------------------------------------------------------------------------------
a) Name Derwent London plc
---- ------------------------------ -----------------------------------------------
b) LEI 213800BXKQ9KZNUR1M61
---- ------------------------------ -----------------------------------------------
4A. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Acquisition of shares in connection with
the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 964
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- ---------------------------------------------
4B. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Sale of shares acquired in connection
with the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP30.27 964
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange (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 Finance Director
---- ------------------------------ -----------------------------------------------
b) Initial notification Initial notification
/ Amendment
---- ------------------------------ -----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -------------------------------------------------------------------------------
a) Name Derwent London plc
---- ------------------------------ -----------------------------------------------
b) LEI 213800BXKQ9KZNUR1M61
---- ------------------------------ -----------------------------------------------
4A. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Acquisition of shares in connection with
the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 716
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- ---------------------------------------------
4B. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Sale of shares acquired in connection
with the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP30.27 716
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- -------------------------------- ---------------------------------------------
1. Details the person discharging managerial responsibilities
/ person closely associated
---- -------------------------------------------------------------------------------
a) Name Paul M Williams
---- -------------------------------- ---------------------------------------------
2. Reason for the notification
---- -------------------------------------------------------------------------------
a) Position / status Director
---- ------------------------------ -----------------------------------------------
b) Initial notification Initial notification
/ Amendment
---- ------------------------------ -----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -------------------------------------------------------------------------------
a) Name Derwent London plc
---- ------------------------------ -----------------------------------------------
b) LEI 213800BXKQ9KZNUR1M61
---- ------------------------------ -----------------------------------------------
4A. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Acquisition of shares in connection with
the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 716
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- ---------------------------------------------
4B. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- ---------------------------------------------
b) Nature of the transaction Sale of shares acquired in connection
with the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP30.27 716
---------- ----------
---- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- ---------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange (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 Initial notification
/ Amendment
---- ------------------------------ ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------------
a) Name Derwent London plc
---- ------------------------------ ----------------------------------------------
b) LEI 213800BXKQ9KZNUR1M61
---- ------------------------------ ----------------------------------------------
4A. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- --------------------------------------------
b) Nature of the transaction Acquisition of shares in connection with
the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 716
---------- ----------
---- -------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- --------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- --------------------------------------------
4B. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- --------------------------------------------
b) Nature of the transaction Sale of shares to cover income tax and
National Insurance contributions liability
arising from the vesting of a tranche
of a deferred bonus award granted under
the Group's deferred bonus scheme.
---- -------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP30.27 337
---------- ----------
---- -------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- --------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- -------------------------------- --------------------------------------------
1. Details the person discharging managerial responsibilities
/ person closely associated
---- ------------------------------------------------------------------------------
a) Name David Silverman
---- -------------------------------- --------------------------------------------
2. Reason for the notification
---- ------------------------------------------------------------------------------
a) Position / status Director
---- ------------------------------ ----------------------------------------------
b) Initial notification Initial notification
/ Amendment
---- ------------------------------ ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------------
a) Name Derwent London plc
---- ------------------------------ ----------------------------------------------
b) LEI 213800BXKQ9KZNUR1M61
---- ------------------------------ ----------------------------------------------
4A. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- --------------------------------------------
b) Nature of the transaction Acquisition of shares in connection with
the vesting of a tranche of a deferred
bonus award granted under the Group's
deferred bonus scheme.
---- -------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 716
---------- ----------
---- -------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- --------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- --------------------------------------------
4B. 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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
---- -------------------------------- --------------------------------------------
b) Nature of the transaction Sale of shares to cover income tax and
National Insurance contributions liability
arising from the vesting of a tranche
of a deferred bonus award granted under
the Group's deferred bonus scheme.
---- -------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP30.27 337
---------- ----------
---- -------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
---- -------------------------------- --------------------------------------------
e) Date of the transaction 23 March 2018
---- -------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- -------------------------------- --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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