Derwent London PLC Director/PDMR Shareholding (8259E)
March 15 2022 - 6:45AM
UK Regulatory
TIDMDLN
RNS Number : 8259E
Derwent London PLC
15 March 2022
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 14 March 2022 the share-based awards granted by the Company
on 12 March 2019 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 14 March
2022, 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 GBP 30.9046 per Share.
Name Role Vested Shares sold
(Number) (Number)
Paul M Williams Chief Executive 5,253 2,474
----------------- ---------- --------------------------
Nigel Q George Director 5,253 2,474
----------------- ---------- --------------------------
David G Silverman Director 5,253 2,474
----------------- ---------- --------------------------
Emily Prideaux Director 1,435 676
----------------- ---------- --------------------------
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
15 March 2022
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
------------------------------ ----------------------------------------------
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 5,253
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
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)
GBP 30.9046 2,474
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
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 5,253
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
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)
GBP 30.9046 2,474
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
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 5,253
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
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)
GBP 30.9046 2,474
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
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 1,435
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
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)
GBP 30.9046 676
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------- --------------------------------------------
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END
DSHFLFVIVLIELIF
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