Derwent London PLC Director/PDMR Shareholding (3397V)
April 05 2019 - 11:30AM
UK Regulatory
TIDMDLN
RNS Number : 3397V
Derwent London PLC
05 April 2019
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 4 April 2019 the share-based awards granted by the Company on
4 April 2016 under the Derwent London Performance Share Plan 2014
(the 'Awards') vested and the PDMRs noted below acquired Shares in
connection with the vesting of their Awards. On 5 April 2019, the
PDMRs choose to sell a proportion of their vested Shares to
discharge the relevant tax obligations, in all cases at an average
price of GBP32.19 per Share.
Name Role Vested Shares sold
(Number) (Number)
John D Burns Chief Executive 20,546 9,265
------------------ ------------------------------ ------------
Simon P Silver Director 17,630 7,950
------------------ ------------------------------ ------------
Damian M A Wisniewski Finance Director 13,089 6,165
------------------ ------------------------------ ------------
Paul M Williams Director 13,089 6,165
------------------ ------------------------------ ------------
Nigel Q George Director 13,089 6,165
------------------ ------------------------------ ------------
David G Silverman Director 13,089 6,165
------------------ ------------------------------ ------------
The Directors are each required to retain their net of tax
liability number of vested Shares delivered under this Award for at
least two years from the point 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.
Enquiries:
D A Lawler
Company Secretary
5 April 2019
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 PSP award granted under
the Group's Performance Share Plan 2014.
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 20,546
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 4 April 2019
-------------------------------- ---------------------------------------------
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 liability
arising from the vesting of a PSP award
granted under the Group's Performance
Share Plan 2014.
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP32.19 9,265
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 5 April 2019
-------------------------------- ---------------------------------------------
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 PSP award granted under
the Group's Performance Share Plan 2014.
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,630
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 4 April 2019
-------------------------------- ---------------------------------------------
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 liability
arising from the vesting of a PSP award
granted under the Group's Performance
Share Plan 2014.
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP32.19 7,950
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 5 April 2019
-------------------------------- ---------------------------------------------
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 PSP award granted under
the Group's Performance Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,089
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 4 April 2019
-------------------------------- --------------------------------------------
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 PSP award
granted under the Group's Performance
Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP32.19 6,165
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 5 April 2019
-------------------------------- --------------------------------------------
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 PSP award granted under
the Group's Performance Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,089
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 4 April 2019
-------------------------------- --------------------------------------------
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 PSP award
granted under the Group's Performance
Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP32.19 6,165
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 5 April 2019
-------------------------------- --------------------------------------------
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 PSP award granted under
the Group's Performance Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,089
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 4 April 2019
-------------------------------- --------------------------------------------
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 PSP award
granted under the Group's Performance
Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP32.19 6,165
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 5 April 2019
-------------------------------- --------------------------------------------
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 PSP award granted under
the Group's Performance Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,089
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 4 April 2019
-------------------------------- --------------------------------------------
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 PSP award
granted under the Group's Performance
Share Plan 2014.
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP32.19 6,165
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 5 April 2019
-------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------- --------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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