29 Mar 2010 16:00
NOTIFICATION OF TRANSACTIONS OF DIRECTORS PERSON DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
1 | Name of Issuer |
| Derwent London Plc
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2 | State whether notification relates to (i) a transaction notified in accordance with DR 3.1.4R (1)(a); or (ii) DR 3.1.4R(1)(b) a disclosure made in accordance with s324 (as extended by s328) of the Companies Act 1985; or (iii) both (i) and (ii) |
| Notification in accordance with DR 3.1.4R (1)(a)
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3 | Name of person discharging managerial responsibilities / director |
| The Hon R A Rayne
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4 | State whether notification relates to a person connected with a person discharging managerial responsibilities / director named in 3 and identify the connected person |
| Named in 3
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5 | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest |
| Named in 3
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6 | Description of shares (including class), debentures or derivatives or financial instruments relating to shares |
| Ordinary 5p shares
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7 | Name of the registered shareholders and, if more than one, the number of shares held by each of them |
| Named in 3
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8 | State the nature of the transaction |
| Cash settlement of 225,401 options at £9.54 per share
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9 | Number of shares, debentures or financial instruments relating to shares acquired |
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10 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) |
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11 | Number of shares, debentures or financial instruments relating to shares disposed |
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12 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) |
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13 | Price per share or value of transaction |
| £13.20
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14 | Date and place of transaction |
| 25th March, 2010. London.
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15 | Total holding following this notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) |
| 4,350,017 4.3%
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16 | Date issuer informed of transaction |
| 26th March, 2010
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If a person discharging managerial responsibilities/director has been granted options by the issuer please complete the following boxes
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17 | Date of grant |
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18 | Period during which or date on which exercisable |
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19 | Total amount paid (if any) for grant of the option |
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20 | Description of shares or debentures involved (class and number) |
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21 | Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise |
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22 | Total number of shares or debentures over which options held following this notification |
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23 | Any additional information |
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24 | Name of contact and telephone number for queries |
| T J Kite T: 020 7659 3000
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Name and signature of duly authorised officer of issuer responsible for making notification.
……………………………. Date of notification 29th March, 2010 T J Kite
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