Last checked at 21 Sep 2023 15:00
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').
Grant of Options
On 21 September 2023, the Company granted options over 50,918 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 November 2023. These Options are exercisable at a price of £14.87 per share from 1 November 2026 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 |
Paul M Williams | Chief Executive | 623 |
Damian M A Wisniewski | Chief Financial Officer | 311 |
Nigel Q George | Director | 623 |
Emily Prideaux | Director | 623 |
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
21 September 2023
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 | Paul M Williams | |||||||
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 | |||||||
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, type of instrument Identification code |
5p Ordinary shares in Derwent London plc
GB0002652740 | |||||||
b) | Nature of the transaction | Grant of an option under the Derwent London Sharesave Plan. | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 21 September 2023 | |||||||
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 | Chief Financial Officer | |||||||
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 | |||||||
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, type of instrument Identification code |
5p Ordinary shares in Derwent London plc
GB0002652740 | |||||||
b) | Nature of the transaction | Grant of an option under the Derwent London Sharesave Plan. | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 21 September 2023 | |||||||
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 / 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 | |||||||
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, type of instrument Identification code |
5p Ordinary shares in Derwent London plc
GB0002652740 | |||||||
b) | Nature of the transaction | Grant of an option under the Derwent London Sharesave Plan. | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 21 September 2023 | |||||||
f) | Place of the transaction | Outside a trading venue | |||||||
1. | Details the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | Emily Prideaux | |||||||
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 | |||||||
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, type of instrument Identification code |
5p Ordinary shares in Derwent London plc
GB0002652740 | |||||||
b) | Nature of the transaction | Grant of an option under the Derwent London Sharesave Plan. | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 21 September 2023 | |||||||
f) | Place of the transaction | Outside a trading venue | |||||||