Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDerwent London Regulatory News (DLN)

Share Price Information for Derwent London (DLN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,062.00
Bid: 2,062.00
Ask: 2,068.00
Change: 22.00 (1.08%)
Spread: 6.00 (0.291%)
Open: 2,088.00
High: 2,088.00
Low: 2,048.00
Prev. Close: 2,040.00
DLN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Director/PDMR Shareholding

26 Mar 2018 13:30

RNS Number : 8976I
Derwent London PLC
26 March 2018
 

For immediate release

 

 

Derwent London plc ("Derwent London"/"the Company")

 

Notification of interests of Directors and Persons DischargingManagerial 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 23 March 2018, 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 23 March 2016 in respect to the 2015 annual bonus and released in two tranches, 50% on 28 March 2017 and the remaining 50% on 23 March 2018 (see the table below). 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 £30.27 per share.

 

 

Name

Role

Vested

(Number)

Shares sold(Number)

John D Burns

Chief Executive

1,124

1,124

Simon P Silver

Director

964

964

Damian M A Wisniewski

Finance Director

716

716

Paul M Williams

Director

716

716

Nigel Q George

Director

716

337

David G Silverman

Director

716

337

 

In addition, each Director became entitled to a dividend equivalent cash payment in respect of dividends paid on the deferred shares between the deferral date and the release date.

 

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

26 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 / 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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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

1,124

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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)

£30.27

1,124

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

f)

Place of the transaction

London Stock Exchange (XLON)

    

 

 

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 / 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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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

964

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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)

£30.27

964

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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

Finance 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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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

716

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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)

£30.27

716

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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

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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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

716

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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)

£30.27

716

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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 / 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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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

716

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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)

£30.27

337

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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 / 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

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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

716

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

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, type of instrument

Identification code

 

5p Ordinary shares in Derwent London plc

 

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)

£30.27

337

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

23 March 2018

f)

Place of the transaction

London Stock Exchange (XLON)

    

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHLIFETVDIRFIT
Date   Source Headline
23rd Mar 20189:30 amRNSDirector/PDMR Shareholding
20th Mar 201811:00 amRNSBlock listing Interim Review
16th Mar 201811:00 amRNSDirector Declaration
14th Mar 201811:00 amRNSAdditional Listing
8th Mar 201812:30 pmRNSDirector Declaration
7th Mar 20181:30 pmRNSDirector/PDMR Shareholding
2nd Mar 201810:00 amRNSDirector/PDMR Shareholding
28th Feb 20185:30 pmRNSTotal Voting Rights
27th Feb 20187:00 amRNSDerwent London: Results for Year Ended 31 Dec 2017
31st Jan 201811:00 amRNSTotal Voting Rights
25th Jan 201811:00 amRNSAdditional Listing
17th Jan 201810:00 amRNSCrossrail hands over major West End site
2nd Jan 20185:00 pmRNSDirector/PDMR Shareholding
2nd Jan 20187:00 amRNSTotal Voting Rights
19th Dec 20175:30 pmRNSDirector/PDMR Shareholding
12th Dec 201711:00 amRNSAdditional Listing
4th Dec 201710:00 amRNSDirector Declaration
30th Nov 20175:00 pmRNSTotal Voting Rights
27th Nov 20175:00 pmRNSBlock listing Interim Review
22nd Nov 20179:00 amRNSDirectorate Change
21st Nov 201712:30 pmRNSDerwent London Secures West End Planning Consents
9th Nov 20177:00 amRNSQ3 2017 Business Update
31st Oct 20175:00 pmRNSTotal Voting Rights
10th Oct 20175:30 pmRNSDirector/PDMR Shareholding
2nd Oct 20174:45 pmRNSCompany Secretary Change
2nd Oct 201711:50 amRNSTotal Voting Rights
26th Sep 20174:40 pmRNSBlock listing Interim Review
11th Sep 20177:00 amRNSDerwent London secures further major pre-lets
10th Aug 20177:01 amRNSLetting at White Chapel Building
10th Aug 20177:00 amRNSInterim results for the half year ended 30 June 17
1st Aug 20176:05 pmRNSHolding(s) in Company
3rd Jul 20179:59 amRNSVOTING RIGHTS AND CAPITAL
3rd Jul 20177:00 amRNSDerwent London sells The Copyright Building
22nd Jun 20173:15 pmRNSHolding(s) in Company
6th Jun 20174:20 pmRNSBondholders' meeting
6th Jun 20174:15 pmRNSDirector/PDMR Shareholding
6th Jun 20174:15 pmRNSDirector/PDMR Shareholding
6th Jun 20173:55 pmRNSHolding(s) in Company
1st Jun 20179:50 amRNSTotal Voting Rights
1st Jun 20179:00 amRNSLetting at White Collar Factory
31st May 20174:45 pmRNSBlock listing Interim Review
23rd May 201712:15 pmRNSResult of AGM
22nd May 20174:15 pmRNSResult of AGM
15th May 20174:15 pmRNSAnnouncement re LR 9.6.14
11th May 20178:00 amRNSAdjustment to Conversion Price
11th May 20177:00 amRNSQtr1 2017 Business Update
3rd May 201711:50 amRNSTotal Voting Rights
12th Apr 20175:15 pmRNSDocuments available at NSM
3rd Apr 201711:15 amRNSHolding(s) in Company
3rd Apr 201711:00 amRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.