Last checked at 26 Mar 2018 13:30
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) |
| |||||||
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) | |||||||