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Derwent London PLC (DLN)

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Tuesday 15 March, 2022

Derwent London PLC

Director/PDMR Shareholding

RNS Number : 8259E
Derwent London PLC
15 March 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 14 March 2022 the share-based awards granted by the Company on 12 March 2019 under the Derwent London Performance Share Plan 2014 (the 'Awards') vested and the PDMRs noted below acquired Shares in connection with the vesting of their Awards. On 14 March 2022, the PDMRs choose to sell a proportion of their vested Shares to discharge the relevant tax obligations, in all cases at an average price of £ 30.9046 per Share.

 

 

Name

Role

Vested

(Number)

Shares sold
(Number)

Paul M Williams

Chief Executive

5,253

  2,474

Nigel Q George

Director

5,253

2,474

David G Silverman

Director

5,253

2,474

Emily Prideaux

Director

1,435

  676

 

The Directors are each required to retain their 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

 

15 March 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 / 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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,253



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ 30.9046

2,474



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,253



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ 30.9046

2,474



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,253



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ 30.9046

2,474



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

1.

Details the person discharging managerial responsibilities / person closely associated

a)

Name

Emily Prideaux

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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

1,435



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

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 PSP award granted under the Group's Performance Share Plan 2014.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ 30.9046

676



 

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable - single transaction

e)

Date of the transaction

14 March 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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