NOTIFICATION OF TRANSACTIONS OF DIRECTORS PERSON DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
1
Name of Issuer
Derwent London Plc
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State whether notification relates to (i) a transaction notified in accordance with DR 3.1.4R (1)(a); or (ii) DR 3.1.4R(1)(b) a disclosure made in accordance with s324 (as extended by s328) of the Companies Act 1985; or (iii) both (i) and (ii)
Notification in accordance with DR 3.1.4R (1)(a)
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Name of person discharging managerial responsibilities / director
The Hon R A Rayne
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State whether notification relates to a person connected with a person discharging managerial responsibilities / director named in 3 and identify the connected person
Named in 3
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Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Named in 3
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Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary 5p shares
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Name of the registered shareholders and, if more than one, the number of shares held by each of them
Named in 3
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State the nature of the transaction
Cash settlement of 11,456 options at £30.38 per share.
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Number of shares, debentures or financial instruments relating to shares acquired
10
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
11
Number of shares, debentures or financial instruments relating to shares disposed
12
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
13
Price per share or value of transaction
£30.38
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Date and place of transaction
22nd December, 2014. London.
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Total holding following this notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
4,409,295
4.290%
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Date issuer informed of transaction
23rd December, 2014
If a person discharging managerial responsibilities/director has been granted options by the issuer please complete the following boxes
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Date of grant
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Period during which or date on which exercisable
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Total amount paid (if any) for grant of the option
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Description of shares or debentures involved (class and number)
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Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
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Total number of shares or debentures over which options held following this notification
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Any additional information
24
Name of contact and telephone number for queries
T J Kite T: 020 7659 3000
Name and signature of duly authorised officer of issuer responsible for making notification.
……………………………. Date of notification 23rd December, 2014
T J Kite
This information is provided by RNS
The company news service from the London Stock Exchange
Derwent London plc is a United Kingdom-based real estate investment trust (REIT). The Company is an office specialist property regenerator and investor. It owns and manages an investment portfolio of approximately 5.3 million square feet, of which 99% is located in central London, with a specific focus on the West End and the areas bordering the City of London, with the latter principally in the Tech Belt. Its properties are located in London (West End central, West End borders/other and City borders), with the remainder in Scotland (Provincial). Its portfolio includes 80 Charlotte Street, The Featherstone Building, Soho Place, Brunel Building, 25 Baker Street, White Collar Factory, Network, Tea Building, The White Chapel Building, Greencoat and Gordon House, Middlesex House, 25 Savile Row, Rathbone Studios, Morelands, Angel Building, Horseferry House and others. Its subsidiaries include Asta Commercial Limited, BBR (Commercial) Limited, Caledonian Properties Limited and others.