REG - Derwent London PLC - Director/PDMR Shareholding

Derwent LondonAnnouncement

26/03/2025 13:00

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RNS Number : 3401C  Derwent London PLC  26 March 2025

For immediate release

 

 

Derwent London plc

 ("Derwent London"/"the Company")

 

Notification of interests of Directors and Persons Discharging

Managerial Responsibility ("PDMR")

 

 

The Company announces the following changes to the interests of Directors in
the Company's ordinary shares of 5p each ('Shares').

 

Bonus deferral

 

On 26 March 2025, the Company granted the following Share-based Awards under
the Derwent London Annual Bonus Plan ('the Plan'), in respect of the deferred
element of the 2024 annual bonus.

 

 Name                   Role                     Deferred Bonus Award

                                                 (Number)
 Paul M Williams        Chief Executive Officer  6,570
 Damian M A Wisniewski  Chief Financial Officer  5,067
 Nigel Q George         Director                 5,067
 Emily J Prideaux       Director                 5,067

 

In accordance with the Plan, bonuses of up to 75% of base salary are paid as
cash. Amounts in excess of 75% are deferred into shares and released after
three years (on the third anniversary of the Award's grant date), but only to
the extent that the participant is still employed by Derwent London at that
time. The Directors are each entitled to additional vesting shares for
dividend equivalents in respect of dividends paid on vested shares between the
grant date and the release date.

 

Other than the application of a percentage of the annual bonus in the
acquisition of the Shares, no consideration is payable on the grant or release
of an Award.

 

This announcement is made in accordance with Market Abuse Regulations and Rule
3.1 of the Disclosure and Transparency Rules.

 

The Company was notified of the grant of all Awards on 26 March 2025.

 

 

Enquiries:

D A Lawler

Company Secretary

 

26 March 2025

 

020 7659 3000

www.derwentlondon.com (http://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 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 a conditional award under the Derwent London Annual Bonus Plan

 c)  Price(s) and volume(s)                                            Price(s)   Volume(s)
                                                                       18.298760  6,570

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           25 March 2025
 f)  Place of the transaction                                          London Stock Exchange - Main Market (XLON)

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

25 March 2025

f)

Place of the transaction

London Stock Exchange - Main Market (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                 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 a conditional award under the Derwent London Annual Bonus Plan

 c)  Price(s) and volume(s)                                            Price(s)   Volume(s)
                                                                       18.298760  5,067

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           25 March 2025
 f)  Place of the transaction                                          London Stock Exchange - Main Market (XLON)

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

25 March 2025

f)

Place of the transaction

London Stock Exchange - Main Market (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
 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 a conditional award under the Derwent London Annual Bonus Plan

 c)  Price(s) and volume(s)                                            Price(s)   Volume(s)
                                                                       18.298760  5,067

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           25 March 2025
 f)  Place of the transaction                                          London Stock Exchange - Main Market (XLON)

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

25 March 2025

f)

Place of the transaction

London Stock Exchange - Main Market (XLON)

 

 1.  Details the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                              Emily J 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 a conditional award under the Derwent London Annual Bonus Plan

 c)  Price(s) and volume(s)                                            Price(s)   Volume(s)
                                                                       18.298760  5,067

 

 d)  Aggregated information

     -      Aggregated volume                                          Not applicable - single transaction

     -      Price
 e)  Date of the transaction                                           25 March 2025
 f)  Place of the transaction                                          London Stock Exchange - Main Market (XLON)

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

25 March 2025

f)

Place of the transaction

London Stock Exchange - Main Market (XLON)

 

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