Derwent London PLC

Director's Dealing • Mar 11, 2024

National Storage Mechanism | Additional information

RNS Number : 4041G

Derwent London PLC

11 March 2024

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 11 March 2024, the Company granted the following share-based Awards under the 2023 Derwent London Performance Share Plan (the 'PSP').

Name	Role	PSP Award (Number)
Paul M Williams	Chief Executive Officer	67,352
Damian M A Wisniewski	Chief Financial Officer	51,952
Nigel Q George	Director	51,952
Emily J Prideaux	Director	51,952

Awards granted under the PSP (structured as nil cost options) will vest on 11 March 2027 but only to the extent that certain performance conditions are satisfied over a performance period which ends on 31 December 2026.  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 additional vesting shares for dividend equivalents in respect of dividends paid on vested shares between the grant date and the date 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.

The Company was notified of the grant of all Awards on 11 March 2024.

Enquiries:

D A Lawler

Company Secretary

11 March 2024

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 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 nil cost option award under the 2023 Derwent London Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	67,352

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

11 March 2024

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 a nil cost option award under the 2023 Derwent London Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	51,952

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

11 March 2024

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 2023 Derwent London Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	51,952

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

11 March 2024

f)

Place of the transaction

Outside a trading venue

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 nil cost option award under the 2023 Derwent London Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	51,952

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

11 March 2024

f)

Place of the transaction

Outside a trading venue

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