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Derwent London PLC (DLN)

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Thursday 09 April, 2020

Derwent London PLC

Director/PDMR Shareholding

RNS Number : 3913J
Derwent London PLC
09 April 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').

 

Grant of Options

 

On 9 April 2020, the Company granted options over 22,730 ordinary shares of 5 pence in the Company ("Options"), in aggregate, pursuant to the Derwent London Sharesave Plan ("Sharesave Plan"). 

 

The three-year contract for the Options will start on 1 June 2020.  These Options are exercisable at a price of £27.53 per share from 1 June 2023 and are not subject to any performance conditions.  The exercise price has been determined in accordance with the valuation methodology agreed with HM Revenue & Customs and the rules of the Sharesave Plan. 

 

Within the Options described above, the following Options were granted to PDMRs:

 

Name

Role

Options granted under Sharesave Plan

Paul M Williams

Chief Executive

326

Damian M A Wisniewski

Chief Financial Officer

163

Nigel Q George

Director

326

David G Silverman

Director

326

 

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

 

9 April 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

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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Grant of an option under the Derwent London Sharesave Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.53

326

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

9 April 2020

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 / 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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Grant of an option under the Derwent London Sharesave Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.53

163

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

9 April 2020

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 / 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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Grant of an option under the Derwent London Sharesave Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.53

326

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

9 April 2020

f)

Place of the transaction

Outside a trading venue

       

 

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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

GB0002652740

b)

Nature of the transaction

Grant of an option under the Derwent London Sharesave Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£27.53

326

 

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

9 April 2020

f)

Place of the transaction

Outside a trading venue

       

 

 


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