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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Derwent London Plc | LSE:DLN | London | Ordinary Share | GB0002652740 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -38.00 | -1.87% | 1,992.00 | 1,994.00 | 2,000.00 | 2,032.00 | 1,980.00 | 1,988.00 | 212,753 | 16:35:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 190.5M | -476.4M | -4.2426 | -4.71 | 2.24B |
From Apr 2019 to Apr 2024
TIDMDLN
RNS Number : 9560G
Derwent London PLC
07 March 2018
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 6 March 2018, the Company granted the following share-based Awards under the Derwent London Performance Share Plan 2014 (the 'PSP').
Hot Features
Premium
Name Role PSP Award
(Number)
----------------------- ------------------ ----------
John D Burns Chief Executive 44,586
----------------------- ------------------ ----------
Simon P Silver Director 38,263
----------------------- ------------------ ----------
Damian M A Wisniewski Finance Director 29,104
----------------------- ------------------ ----------
Paul M Williams Director 29,104
----------------------- ------------------ ----------
Nigel Q George Director 29,104
----------------------- ------------------ ----------
David G Silverman Director 29,104
----------------------- ------------------ ----------
Awards granted under the PSP (structured as nil cost options) will vest on 6 March 2021 but only to the extent that certain performance conditions based on total shareholder return and total property return are satisfied over a performance period which ends on 31 December 2020. 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 a dividend equivalent payment in respect of dividends paid on vested shares between the grant date and the earlier of the date of exercise or the expiry of the Holding Period.
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 6 March 2018.
Enquiries:
D A Lawler Company Secretary
7 March 2018
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 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
--- ------------------------------ -----------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
--- -------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Derwent London Performance Share
Plan 2014.
--- -------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 44,586
---------- ----------
--- -------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
--- -------------------------------- ---------------------------------------
e) Date of the transaction 6 March 2018
--- -------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------- ---------------------------------------
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 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
--- ------------------------------ -----------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
--- -------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Derwent London Performance Share
Plan 2014.
--- -------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 38,263
---------- ----------
--- -------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
--- -------------------------------- ---------------------------------------
e) Date of the transaction 6 March 2018
--- -------------------------------- ---------------------------------------
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 Finance 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
--- ------------------------------ -----------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
--- -------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Derwent London Performance Share
Plan 2014.
--- -------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 29,104
---------- ----------
--- -------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
--- -------------------------------- ---------------------------------------
e) Date of the transaction 6 March 2018
--- -------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------- ---------------------------------------
1. Details the person discharging managerial responsibilities
/ person closely associated
--- -------------------------------------------------------------------------
a) Name Paul M Williams
--- -------------------------------- ---------------------------------------
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
--- ------------------------------ -----------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
--- -------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Derwent London Performance Share
Plan 2014.
--- -------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 29,104
---------- ----------
--- -------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
--- -------------------------------- ---------------------------------------
e) Date of the transaction 6 March 2018
--- -------------------------------- ---------------------------------------
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 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
--- ------------------------------ -----------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
--- -------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Derwent London Performance Share
Plan 2014.
--- -------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 29,104
---------- ----------
--- -------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
--- -------------------------------- ---------------------------------------
e) Date of the transaction 6 March 2018
--- -------------------------------- ---------------------------------------
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 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
--- ------------------------------ -----------------------------------------
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, 5p Ordinary shares in Derwent London
type of instrument plc
Identification code
GB0002652740
--- -------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Derwent London Performance Share
Plan 2014.
--- -------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 29,104
---------- ----------
--- -------------------------------- ---------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
--- -------------------------------- ---------------------------------------
e) Date of the transaction 6 March 2018
--- -------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLIFLAVDIDIIT
(END) Dow Jones Newswires
March 07, 2018 08:30 ET (13:30 GMT)
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