Derwent London PLC Director/PDMR Shareholding (1718G)
March 13 2020 - 1:20PM
UK Regulatory
TIDMDLN
RNS Number : 1718G
Derwent London PLC
13 March 2020
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 Award
On 13 March 2020, the Company granted the following share-based
Awards under the Derwent London Performance Share Plan 2014 (the
'PSP').
Name Role PSP Award
(Number)
Paul M Williams Chief Executive Officer 36,210
------------------------- ----------
Damian M A Wisniewski Chief Financial Officer 28,968
------------------------- ----------
Simon P Silver Director 35,063
------------------------- ----------
Nigel Q George Director 28,968
------------------------- ----------
David G Silverman Director 28,968
------------------------- ----------
Awards granted under the PSP (structured as nil cost options)
will vest on 13 March 2023 but only to the extent that certain
performance conditions based on total shareholder return and total
property return are satisfied over a performance period which ends
on 31 December 2022. No consideration is payable on the grant or
vesting of an Award.
Following vesting and subject to the Company's share dealing
procedures, PSP Awards can be exercised at any time up until the
tenth anniversary of grant.
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 earlier of the date of
exercise or the expiry of the Holding Period.
This announcement is made in accordance with Article 19 of the
Market Abuse Regulation and Rule 3.1 of the Disclosure and
Transparency Rules.
The Company was notified of the grant of all Awards on 13 March
2020.
Enquiries:
D A Lawler
Company Secretary
13 March 2020
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 Paul M Williams
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position / status Chief Executive Officer
------------------------------ -----------------------------------------
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 a nil cost option award under
the Derwent London Performance Share
Plan 2014.
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 36,210
----------
-------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------
e) Date of the transaction 13 March 2020
-------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------
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 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 a nil cost option award under
the Derwent London Performance Share
Plan 2014.
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 28,968
----------
-------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------
e) Date of the transaction 13 March 2020
-------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------
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
------------------------------ -----------------------------------------
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 a nil cost option award under
the Derwent London Performance Share
Plan 2014.
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 35,063
----------
-------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------
e) Date of the transaction 13 March 2020
-------------------------------- ---------------------------------------
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 a nil cost option award under
the Derwent London Performance Share
Plan 2014.
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 28,968
----------
-------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------
e) Date of the transaction 13 March 2020
-------------------------------- ---------------------------------------
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 a nil cost option award under
the Derwent London Performance Share
Plan 2014.
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 28,968
----------
-------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------
e) Date of the transaction 13 March 2020
-------------------------------- ---------------------------------------
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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