Derwent London PLC Director/PDMR Shareholding (3189W)

TIDMDLN

RNS Number : 3189W

Derwent London PLC

17 August 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 16 August 2022 the share-based award granted by the Company on 14 August 2019 under the Derwent London Performance Share Plan 2014 (the 'Award') vested and the PDMR noted below acquired Shares in connection with the vesting of his Award.

 
 Name               Role                  Vested   Shares sold 
                                        (Number)      (Number) 
 Paul M Williams    Chief Executive        1,300             0 
                   -----------------  ----------  ------------

The Director is required to retain his 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

17 August 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         1,300 
                                                      ---------- 
      --------------------------------  ------------------------------------------ 
 d)         Aggregated information 
              *    Aggregated volume       Not applicable - single transaction 
 
 
              *    Price 
      --------------------------------  ------------------------------------------ 
 e)    Date of the transaction           16 August 2022 
      --------------------------------  ------------------------------------------ 
 f)    Place of the transaction          Outside a trading venue 
      --------------------------------  ------------------------------------------

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END

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August 17, 2022 06:00 ET (10:00 GMT)

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