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').
Exercise of Options
On 1 June 2022, the Options granted on 30 April 2019 pursuant to the Derwent London Sharesave Plan ("Sharesave Plan") reached maturity and became capable of exercise.
On the same date, the PDMRs noted below exercised their Options and acquired Shares at the exercise price of £25.80. The exercise price was set at the point of grant and was determined in accordance with the valuation methodology agreed with HM Revenue & Customs and the rules of the Sharesave Plan.
| Name | Role | Options exercised under Sharesave Plan (Number) |
| Paul Williams | Chief Executive Officer | 348 |
| Damian Wisniewski | Chief Financial Officer | 348 |
| Nigel George | Director | 348 |
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
6 June 2022
020 7659 3000
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 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 | Exercise 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 | 1 June 2022 | |||||||
| f) | Place of the transaction | Outside a trading venue | |||||||
| 1. | Details the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Damian 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 | Exercise 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 | 1 June 2022 | |||||||
| f) | Place of the transaction | Outside a trading venue | |||||||
| 1. | Details the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Nigel 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 | Exercise 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 | 1 June 2022 | |||||||
| f) | Place of the transaction | Outside a trading venue | |||||||
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