Director/PDMR Shareholding
Derwent London PLC announced that on March 16, 2026, share-based awards granted in March 2023 vested for several Persons Discharging Managerial Responsibility (PDMRs). Subsequently, on March 19, 2026, these PDMRs sold a portion of their vested shares at an average price of £16.292700 to cover tax obligations. Specifically, Paul M Williams, Chief Executive, acquired 2,228 shares and sold 1,051; Damian M A Wisniewski, Chief Financial Officer, acquired 1,718 and sold 809; Nigel Q George, Director, acquired 1,718 and sold 809; and Emily J Prideaux, Director, acquired 1,613 and sold 760. All directors are required to retain their net shares for at least two years.
Select text to share a quote on X · sign in to keep highlights & notes in your DLN notes
Managerial Responsibility ("PDMR")
The Company announces the following changes to the interests of Directors in the Company's ordinary shares of 5p each ('Shares').
Vesting of Award
On 16 March 2026 the share-based awards granted by the Company on 14 March 2023 under the Derwent London Performance Share Plan 2014 (the 'Awards') vested and the PDMRs noted below acquired Shares in connection with the vesting of their Awards. On 19 March 2026, the PDMRs choose to sell a proportion of their vested Shares to discharge the relevant tax obligations, in all cases at an average price of £16.292700 per Share.
| Name | Role | Vested (Number) | Shares sold (Number) |
|---|---|---|---|
| Paul M Williams | Chief Executive | 2,228 | 1,051 |
| Damian M A Wisniewski | Chief Financial Officer | 1,718 | 809 |
| Nigel Q George | Director | 1,718 | 809 |
| Emily J Prideaux | Director | 1,613 | 760 |
The Directors are each required to retain their net of tax liability number of vested Shares delivered under this Award for at least two years from the point of vesting.
1 of the Disclosure and Transparency Rules.
| 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 | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | Derwent London plc | ||||
| b) | LEI | 213800BXKQ9KZNUR1M61 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | 5p Ordinary shares in Derwent London plc GB0002652740 | ||||
| b) | Nature of the transaction | Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 2,228 | ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 4B. | 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 | Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | London Stock Exchange (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 | ||||
| a) | Name | Derwent London plc | ||||
| b) | LEI | 213800BXKQ9KZNUR1M61 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | 5p Ordinary shares in Derwent London plc GB0002652740 | ||||
| b) | Nature of the transaction | Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1,718 | ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 4B. | 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 | Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | London Stock Exchange (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 | ||||
| a) | Name | Derwent London plc | ||||
| b) | LEI | 213800BXKQ9KZNUR1M61 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | 5p Ordinary shares in Derwent London plc GB0002652740 | ||||
| b) | Nature of the transaction | Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1,718 | ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 4B. | 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 | Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | London Stock Exchange (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 | ||||
| a) | Name | Derwent London plc | ||||
| b) | LEI | 213800BXKQ9KZNUR1M61 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | 5p Ordinary shares in Derwent London plc GB0002652740 | ||||
| b) | Nature of the transaction | Acquisition of shares in connection with the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1,613 | ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 4B. | 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 | Sale of shares to cover income tax and National Insurance contributions liability arising from the vesting of a PSP award granted under the Group's Performance Share Plan 2014. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 19 March 2026 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.