Derwent London PLC Director/PDMR Shareholding (4639S)
March 16 2021 - 12:15PM
UK Regulatory
TIDMDLN
RNS Number : 4639S
Derwent London PLC
16 March 2021
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 16 March 2021 the share-based awards granted by the Company
on 6 March 2018 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 16 March
2021, 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 GBP33.03 per Share.
Name Role Vested Shares sold
(Number) (Number)
John D Burns Chairman 15,828 7,137
------------------------- ---------- ------------
Damian M A Wisniewski Chief Financial Officer 25,913 12,204
------------------------- ---------- ------------
Paul M Williams Chief Executive 25,913 12,204
------------------------- ---------- ------------
Nigel Q George Director 25,913 12,204
------------------------- ---------- ------------
David G Silverman Director 25,913 12,204
------------------------- ---------- ------------
Emily Prideaux Director 6,037 2,844
------------------------- ---------- ------------
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
16 March 2021
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 Chairman
------------------------------ -----------------------------------------------
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 15,828
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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)
GBP33.03 7,137
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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 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
------------------------------ ----------------------------------------------
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 25,913
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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)
GBP33.03 12,204
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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 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 25,913
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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)
GBP33.03 12,204
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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 25,913
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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)
GBP33.03 12,204
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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 25,913
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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)
GBP33.03 12,204
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------- --------------------------------------------
1. Details the person discharging managerial responsibilities
/ person closely associated
a) Name Emily Prideaux
-------------------------------- --------------------------------------------
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 6,037
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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)
GBP33.03 2,844
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------- --------------------------------------------
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END
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