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
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) |
| |||||||
| 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) |
| |||||||
| 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) |
| |||||||
| 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) |
| |||||||
| 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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