Derwent London PLC Director/PDMR Shareholding
11 Marzo 2024 - 10:45AM
RNS Regulatory News
RNS Number : 4041G
Derwent London PLC
11 March 2024
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 Award
On 11 March 2024, the Company
granted the following share-based Awards under the 2023 Derwent
London Performance Share Plan (the 'PSP').
|
Name
|
Role
|
PSP
Award
(Number)
|
|
Paul M Williams
|
Chief Executive Officer
|
67,352
|
|
Damian M A Wisniewski
|
Chief Financial Officer
|
51,952
|
|
Nigel Q George
|
Director
|
51,952
|
|
Emily J Prideaux
|
Director
|
51,952
|
Awards granted under the PSP
(structured as nil cost options) will vest on 11 March 2027 but
only to the extent that certain performance conditions are
satisfied over a performance period which ends on 31 December
2026. No consideration is payable on the grant or vesting of
an Award.
Following vesting and subject to the
Company's share dealing procedures, PSP Awards can be exercised at
any time up until the tenth anniversary of grant.
The Directors are each required to
retain their net of tax liability number of vested Shares (if any)
delivered under their Award for at least two years from the point
of vesting (the 'Holding Period') and are each entitled to
additional vesting shares for dividend equivalents in respect of
dividends paid on vested shares between the grant date and the date
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.
The Company was notified of the
grant of all Awards on 11 March 2024.
Enquiries:
D A Lawler
Company Secretary
11 March 2024
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 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 a nil cost option award
under the 2023 Derwent London Performance Share Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
67,352
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
11 March 2024
|
|
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 a nil cost option award
under the 2023 Derwent London Performance Share Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
51,952
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
11 March 2024
|
|
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 a nil cost option award
under the 2023 Derwent London Performance Share Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
51,952
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
11 March 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
| |
|
1.
|
Details the person discharging managerial responsibilities /
person closely associated
|
|
a)
|
Name
|
Emily J 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
|
|
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 a nil cost option award
under the 2023 Derwent London Performance Share Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
51,952
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
11 March 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
| |
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END
DSHFLFVRVLILLIS
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