Derwent London (DLN) Repurchases 139,919 Shares at 1,976p Average Under £50m Buyback Scheme

Derwent London plc (DLN), the London-centric real estate investment trust renowned for its creative office and mixed-use developments across the capital, has announced the acquisition and cancellation of 139,919 ordinary shares during the week of 31 August to 4 September 2026. These purchases were carried out via Barclays Bank PLC at a weighted average price of 1,976 pence per share, as part of the second £25 million tranche of the group's £50 million buyback programme initially revealed on 12 May 2026. This update brings the total shares repurchased under the programme to 2,480,485, lowering the company's outstanding ordinary shares to 109,819,192. Key Points Derwent London plc (DLN), ISIN GB0002652740, listed on the London Stock Exchange 139,919 ordinary shares of 5 pence each repurchased for cancellation between 31 August and 4 September 2026 Weighted average purchase price stood at 1,976 pence; daily prices fluctuated between 1,924p and 2,054p throughout the week Investors closely monitoring progress toward completion of the second £25 million tranche, with a total of 2,480,485 shares cancelled to date Derwent London conducted share purchases across four active trading days during the reporting period, with no transactions on 31 August 2026. On 1 September, the company acquired 32,898 shares at a weighted average price of 2,017 pence, with prices peaking at 2,054 pence. On 2 September, 35,035 shares were bought at a weighted average of 1,989 pence. The 3 September session saw the lowest average price of the week at 1,941 pence, covering 36,008 shares, while on 4 September, 35,978 shares were purchased at a weighted average of 1,959 pence. All trades were executed on the London Stock Exchange through Barclays Bank PLC acting as principal. Total Cancellations Reach 2,480,485 Shares Under £50 Million Buyback Programme Since the £50 million buyback programme was announced on 12 May 2026, Derwent London has cancelled a cumulative 2,480,485 ordinary shares. The recent week's activity forms part of the second £25 million tranche of this programme. Following these cancellations, the company's total shares in issue stand at 109,819,192, with the group confirming it holds no shares in treasury. Consequently, the total voting rights amount to 109,819,192, a figure shareholders may reference to evaluate disclosure obligations under the FCA's Disclosure Guidance and Transparency Rules. Implications of the Cancellation Programme on Derwent London's Capital Structure Derwent London, a real estate investment trust focused on innovative office and mixed-use properties in central London, primarily generates income through commercial property leasing. Share buyback programmes like this reduce the overall share count, potentially increasing earnings and net asset value per share for remaining shareholders. However, investors might consider this capital allocation decision in the context of London's office market conditions and prevailing interest rate trends, both significant risk factors for a UK commercial property REIT such as Derwent London. The company did not provide updated guidance or commentary on portfolio performance alongside this announcement. To keep reading, please log in to your account, create a free account, or simply fill out the form below.