Derwent London PLC

Remuneration Information • Mar 7, 2018

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RNS Number : 9560G

Derwent London PLC

07 March 2018

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').

Grant of Award

On 6 March 2018, the Company granted the following share-based Awards under the Derwent London Performance Share Plan 2014 (the 'PSP').

Name	Role	PSP Award (Number)
John D Burns	Chief Executive	44,586
Simon P Silver	Director	38,263
Damian M A Wisniewski	Finance Director	29,104
Paul M Williams	Director	29,104
Nigel Q George	Director	29,104
David G Silverman	Director	29,104

Awards granted under the PSP (structured as nil cost options) will vest on 6 March 2021 but only to the extent that certain performance conditions based on total shareholder return and total property return are satisfied over a performance period which ends on 31 December 2020.  No consideration is payable on the grant or vesting of an Award. 

Following vesting and subject to the Company's share dealing procedures, PSP Awards can be exercised at any time up until the tenth anniversary of grant.

The Directors are each required to retain their net of tax liability number of vested Shares (if any) delivered under their Award for at least two years from the point of vesting (the 'Holding Period') and are each entitled to a dividend equivalent payment in respect of dividends paid on vested shares between the grant date and the earlier of the date of exercise or the expiry of the Holding Period.

This announcement is made in accordance with Article 19 of the Market Abuse Regulation and Rule 3.1 of the Disclosure and Transparency Rules.

The Company was notified of the grant of all Awards on 6 March 2018.

Enquiries:

D A Lawler                                                                                                                                                                Company Secretary

7 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

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 nil cost option award under the Derwent London Performance Share Plan 2014.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	44,586

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

6 March 2018

f)

Place of the transaction

Outside a trading venue

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

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 nil cost option award under the Derwent London Performance Share Plan 2014.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	38,263

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

6 March 2018

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

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

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 nil cost option award under the Derwent London Performance Share Plan 2014.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	29,104

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

6 March 2018

f)

Place of the transaction

Outside a trading venue

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

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 nil cost option award under the Derwent London Performance Share Plan 2014.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	29,104

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

6 March 2018

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 a nil cost option award under the Derwent London Performance Share Plan 2014.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	29,104

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

6 March 2018

f)

Place of the transaction

Outside a trading venue

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

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 nil cost option award under the Derwent London Performance Share Plan 2014.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	29,104

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

6 March 2018

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

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