TIDMDLN

RNS Number : 6160X

Derwent London PLC

30 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').

Grant of Options

On 30 April 2019, the Company granted options over 20,762 ordinary shares of 5 pence in the Company ("Options"), in aggregate, pursuant to the Derwent London Sharesave Plan ("Sharesave Plan").

The three-year contract for the Options will start on 1 June 2019. These Options are exercisable at a price of GBP25.80 per share from 1 June 2022 and are not subject to any performance conditions. The exercise price has been determined in accordance with the valuation methodology agreed with HM Revenue & Customs and the rules of the Sharesave Plan.

Within the Options described above, the following Options were granted to PDMRs:

 
 Name                     Role                 Options granted 
                                               under Sharesave 
                                                          Plan 
 Damian M A Wisniewski    Finance Director                 348 
                         ------------------  ----------------- 
 Paul M Williams          Director                         348 
                         ------------------  ----------------- 
 Nigel Q George           Director                         348 
                         ------------------  ----------------- 
 David G Silverman        Director                         348 
                         ------------------  ----------------- 
 

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

30 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                              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 
     ------------------------------  ----------------------------------------- 
 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,              5p Ordinary shares in Derwent London 
       type of instrument                 plc 
       Identification code 
                                          GB0002652740 
     --------------------------------  --------------------------------------- 
 b)   Nature of the transaction         Grant of an option under the Derwent 
                                         London Sharesave Plan. 
     --------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP25.80    348 
                                                     ---------- 
     --------------------------------  --------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume       Not applicable - single transaction 
 
 
             *    Price 
     --------------------------------  --------------------------------------- 
 e)   Date of the transaction           30 April 2019 
     --------------------------------  --------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------------- 
 
 
 
 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 
     ------------------------------  ----------------------------------------- 
 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,              5p Ordinary shares in Derwent London 
       type of instrument                 plc 
       Identification code 
                                          GB0002652740 
     --------------------------------  --------------------------------------- 
 b)   Nature of the transaction         Grant of an option under the Derwent 
                                         London Sharesave Plan. 
     --------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP25.80    348 
                                                     ---------- 
     --------------------------------  --------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume       Not applicable - single transaction 
 
 
             *    Price 
     --------------------------------  --------------------------------------- 
 e)   Date of the transaction           30 April 2019 
     --------------------------------  --------------------------------------- 
 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            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 
     ------------------------------  ----------------------------------------- 
 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,              5p Ordinary shares in Derwent London 
       type of instrument                 plc 
       Identification code 
                                          GB0002652740 
     --------------------------------  --------------------------------------- 
 b)   Nature of the transaction         Grant of an option under the Derwent 
                                         London Sharesave Plan. 
     --------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP25.80    348 
                                                     ---------- 
     --------------------------------  --------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume       Not applicable - single transaction 
 
 
             *    Price 
     --------------------------------  --------------------------------------- 
 e)   Date of the transaction           30 April 2019 
     --------------------------------  --------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------------- 
 
 
 
 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 
     ------------------------------  ----------------------------------------- 
 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,              5p Ordinary shares in Derwent London 
       type of instrument                 plc 
       Identification code 
                                          GB0002652740 
     --------------------------------  --------------------------------------- 
 b)   Nature of the transaction         Grant of an option under the Derwent 
                                         London Sharesave Plan. 
     --------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP25.80    348 
                                                     ---------- 
     --------------------------------  --------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume       Not applicable - single transaction 
 
 
             *    Price 
     --------------------------------  --------------------------------------- 
 e)   Date of the transaction           30 April 2019 
     --------------------------------  --------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------------- 
 
 

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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