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Derwent London PLC (DLN)

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Wednesday 13 April, 2022

Derwent London PLC

Report and Accounts 2021 and Notice of AGM

RNS Number : 3032I
Derwent London PLC
13 April 2022

For immediate release



Derwent London plc
 (the "Company")


Notice of the 2022 Annual General Meeting ("AGM") and
publication of the 2021 Report & Accounts
and the 2021 Responsibility Report



Notice of 2022 AGM and 2021 Report & Accounts


Derwent London plc announces that copies of the Notice of the 2022 AGM and 2021 Report & Accounts have been made available to shareholders and can be viewed and downloaded on the Company's website, .


Copies of these documents, together with the Form of Proxy for the AGM, will be submitted to the National Storage Mechanism (via the Electronic Submission System) shortly.


In accordance with Rule 4.1.14R of the Disclosure and Transparency Rules, the Company has published its 2021 Report & Accounts in eXtensible HyperText Mark-up Language (XHTML) and key elements of its financial statements have been 'tagged' using eXtensible Business Reporting Language (XBRL). This version of the 2021 Report & Accounts will also be submitted to the National Storage Mechanism and is available on our website.


In accordance with Rule 4.1(3) of the Disclosure and Transparency Rules, the Company published its annual results announcement for the year ended 31 December 2021 on 24 February 2022.


2022 AGM


As set out in the Notice of the 2022 AGM, the Company's 38th AGM will be held on 13 May 2022 at 10:30 am. The Directors look forward to meeting with shareholders in-person this year.


We will provide audio facilities for our shareholders who are unable to attend in-person, so that they may follow the proceedings of the AGM remotely. To register for access to the audio facilities, please visit our website. Registration for use of the audio facilities, will close at 10.00 am on Friday 13 May 2022.


It would be helpful to the smooth running of the AGM, if questions could be submitted to the Company Secretary, David Lawler, at [email protected] up to one day before the commencement of the AGM.


2021 Responsibility Report


Derwent London plc announces that the 2021 Responsibility Report was published on its website today and is available to be viewed here,





D A Lawler

Company Secretary


13 April 2022


020 7659 3000


Notes to editors


Derwent London plc


Derwent London plc owns 81 buildings in a commercial real estate portfolio predominantly in central London valued at £5.7 billion as at 31 December 2021, making it the largest London-focused real estate investment trust (REIT).


Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.


We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.  We capitalise on the unique qualities of each of our properties - taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design.


Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing.


As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, publishing its pathway to achieving this goal in July 2020.  In 2019 the Group became the first UK REIT to sign a Revolving Credit Facility with a 'green' tranche.  At the same time, we also launched our Green Finance Framework and signed the Better Buildings Partnership's climate change commitment.  The Group is a member of the 'RE100' which recognises Derwent London as an influential company, committed to 100% renewable power by purchasing renewable energy, a key step in becoming a net zero carbon business.  Derwent London is one of only a few property companies worldwide to have science-based carbon targets validated by the Science Based Targets initiative (SBTi).


Landmark buildings in our 5.6 million sq ft portfolio include 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1.


In January 2022 we were proud to announce that we had achieved the National Equality Standard - the UK's highest benchmark for equality, diversity and inclusion.  In October 2021 Derwent London won EG's UK Company of the Year award and in January 2022 came top of the Property Sector and 38th position overall in Management Today's Britain's Most Admired Companies awards 2021.  In 2020 the Group won several awards for Brunel Building with the most prominent being the BCO Best Commercial Workplace award.  In 2019 the Group won EG Offices Company of the Year, the CoStar West End Deal of the Year for Brunel Building and Westminster Business Council's Best Achievement in Sustainability award.  In 2013 the Company launched a voluntary Community Fund and has to date supported well over 100 community projects in the West End and the Tech Belt.


The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK.  The address of its registered office is 25 Savile Row, London, W1S 2ER.


For further information see or follow us on Twitter at @derwentlondon


Forward-looking statements

This document contains certain forward-looking statements about the future outlook of Derwent London.  By their nature, any statements about future outlook involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future.  Actual results, performance or outcomes may differ materially from any results, performance or outcomes expressed or implied by such forward-looking statements.

No representation or warranty is given in relation to any forward-looking statements made by Derwent London, including as to their completeness or accuracy.  Derwent London does not undertake to update any forward-looking statements whether as a result of new information, future events or otherwise.  Nothing in this announcement should be construed as a profit forecast.


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