Derwent London PLC Director/PDMR Shareholding (4688S)
March 16 2021 - 11:47AM
UK Regulatory
TIDMDLN
RNS Number : 4688S
Derwent London PLC
16 March 2021
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 16 March 2021, 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 13 March
2020 in respect to the 2019 annual bonus and will be released in
two tranches, 50% on 16 March 2021 (see the table below) and the
remaining 50% on 14 March 2022.
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
GBP33.03 per share.
Name Role Vested Shares sold
(Number) (Number)
John D Burns Chairman 1,831 1,831
------------------------- ---------- ------------
Damian M A Wisniewski Chief Financial Officer 3,261 3,261
------------------------- ---------- ------------
Paul M Williams Chief Executive 3,830 3,830
------------------------- ---------- ------------
Nigel Q George Director 3,261 1,536
------------------------- ---------- ------------
David G Silverman Director 3,261 1,536
------------------------- ---------- ------------
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
16 March 2021
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 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
------------------------------ -----------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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 1,831
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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)
GBP33.03 1,831
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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 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
------------------------------ -----------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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 3,261
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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)
GBP33.03 3,261
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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 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
------------------------------ -----------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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 3,830
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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)
GBP33.03 3,830
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- ---------------------------------------------
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 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
------------------------------ ----------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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 3,261
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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)
GBP33.03 1,536
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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 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
------------------------------ ----------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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 3,261
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
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)
GBP33.03 1,536
----------
-------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------- --------------------------------------------
e) Date of the transaction 16 March 2021
-------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------- --------------------------------------------
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END
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