Last checked at 4 Apr 2018 16:00
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').
Vesting of Award
On 3 April 2018 the share-based awards granted by the Company on 30 March 2015 under the Derwent London Performance Share Plan 2014 (the 'Awards') vested and the PDMRs noted below acquired Shares in connection with the vesting of their Awards. On the same date, the PDMRs choose to sell a proportion of their vested Shares to discharge the relevant tax obligations, in all cases at an average price of £30.78 per Share.
Name | Role | Vested (Number) | Shares sold(Number) |
John D Burns | Chief Executive | 9,473 | 4,263 |
Simon P Silver | Director | 8,128 | 3,658 |
Damian M A Wisniewski | Finance Director | 6,034 | 2,836 |
Paul M Williams | Director | 6,034 | 2,836 |
Nigel Q George | Director | 6,034 | 2,836 |
David G Silverman | Director | 6,034 | 2,836 |
In addition, each Director became entitled to a dividend equivalent cash payment in respect of dividends paid on the vesting Shares between the grant date and the vesting date.
The Directors are each required to retain their net of tax liability number of vested Shares delivered under this Award for at least two years from the point of vesting.
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
4 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 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 PSP award granted under the Group's Performance Share Plan 2014.
| |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||
e) | Date of the transaction | 3 April 2018 | |||||||
f) | Place of the transaction | London Stock Exchange (XLON) | |||||||