Derwent London PLC Director/PDMR Shareholding (6454V)

TIDMDLN

RNS Number : 6454V

Derwent London PLC

15 April 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').

Grant of Options

On 15 April 2021, the Company granted options over 13,914 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 2021. These Options are exercisable at a price of GBP25.93 per share from 1 June 2024 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 
 Damian M A Wisniewski    Chief Financial Officer                 173 
                         -------------------------  ----------------- 
 Emily J Prideaux         Director                                347 
                         -------------------------  ----------------- 
 

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 April 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                              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 
     ------------------------------  ------------------------------------------ 
 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 an option under the Derwent 
                                         London Sharesave Plan. 
     --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP25.93    173 
                                                     ---------- 
     --------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume       Not applicable - single transaction 
 
 
             *    Price 
     --------------------------------  ---------------------------------------- 
 e)   Date of the transaction           15 April 2021 
     --------------------------------  ---------------------------------------- 
 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            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 an option under the Derwent 
                                         London Sharesave Plan. 
     --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP25.93    347 
                                                     ---------- 
     --------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume       Not applicable - single transaction 
 
 
             *    Price 
     --------------------------------  ---------------------------------------- 
 e)   Date of the transaction           15 April 2021 
     --------------------------------  ---------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ---------------------------------------- 
 
 

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April 15, 2021 11:45 ET (15:45 GMT)