Derwent London PLC Director/PDMR Shareholding (1114T)
March 15 2023 - 11:08AM
UK Regulatory
TIDMDLN
RNS Number : 1114T
Derwent London PLC
15 March 2023
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 14 March 2023, 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 55,921
------------------------- ----------
Damian M A Wisniewski Chief Financial Officer 43,133
------------------------- ----------
Nigel Q George Director 43,133
------------------------- ----------
Emily J Prideaux Director 40,501
------------------------- ----------
Awards granted under the PSP (structured as nil cost options)
will vest on 14 March 2026 but only to the extent that certain
performance conditions are satisfied over a performance period
which ends on 31 December 2025. 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 date 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.
The Company was notified of the grant of all Awards on 14 March
2023.
Enquiries:
D A Lawler
Company Secretary
15 March 2023
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 55,921
----------
-------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ----------------------------------------
e) Date of the transaction 14 March 2023
-------------------------------- ----------------------------------------
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 43,133
----------
-------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ----------------------------------------
e) Date of the transaction 14 March 2023
-------------------------------- ----------------------------------------
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 43,133
----------
-------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ----------------------------------------
e) Date of the transaction 14 March 2023
-------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------
1. Details the person discharging managerial responsibilities
/ person closely associated
a) Name Emily J 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
------------------------------ ------------------------------------------
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 40,501
----------
-------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ----------------------------------------
e) Date of the transaction 14 March 2023
-------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------
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END
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