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Derwent London PLC (DLN)

  Print          Annual reports

Monday 23 March, 2020

Derwent London PLC

Director/PDMR Shareholding

RNS Number : 1879H
Derwent London PLC
23 March 2020
 

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 20 March 2020, the Company released shares in connection with the vesting of a tranche of awards granted under the terms of the Group's deferred bonus scheme. The shares were deferred on 20 March 2019 in respect to the 2018 annual bonus and will be released in two tranches, 50% on 20 March 2020 (see the table below) and the remaining 50% on 20 March 2021.

 

On the same date, the PDMRs choose to sell all, or a proportion, of their released shares (which included a number to discharge the relevant tax obligations), in all cases at an average price of £27.6143 per share.

 

 

Name

Role

Vested

(Number)

Shares sold
(Number)

John D Burns

Chairman

284

129

Simon P Silver

Director

243

243

Damian M A Wisniewski

Chief Financial Officer

185

185

Paul M Williams

Chief Executive

185

88

Nigel Q George

Director

185

88

David G Silverman

Director

185

88

 

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

 

23 March 2020

 

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 / Amendment

Initial notification

 

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Acquisition of shares in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

284

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Sale of shares acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.6143

129

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

f)

Place of the transaction

London Stock Exchange (XLON)

       

 

 

1.

Details the person discharging managerial responsibilities / person closely associated

a)

Name

Simon P Silver

2.

Reason for the notification

a)

Position / status

Director

b)

Initial notification / Amendment

Initial notification

 

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Acquisition of shares in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

243

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Sale of shares acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.6143

243

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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 / Amendment

Initial notification

 

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Acquisition of shares in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

185

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Sale of shares acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.6143

185

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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 / Amendment

Initial notification

 

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Acquisition of shares in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

185

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Sale of shares acquired in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.6143

88

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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 / Amendment

Initial notification

 

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Acquisition of shares in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

185

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.6143

88

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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 / Amendment

Initial notification

 

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Acquisition of shares in connection with the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

185

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a tranche of a deferred bonus award granted under the Group's deferred bonus scheme.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.6143

88

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

20 March 2020

f)

Place of the transaction

London Stock Exchange (XLON)

       

 

 

 

 

 

 

 


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