Savills plc announces that awards have been made under The Savills Deferred Share Bonus Plan and The Savills Deferred Share Plan.
The Savills Deferred Share Bonus Plan (DSBP)
As part of their bonus arrangements, recipients under the DSBP are granted an award of fully paid ordinary shares in Savills plc, with deferred vesting. Directors and PDMRs of Savills plc have received awards this year under the DSBP in respect of 2009 bonuses as follows:-
Director/ PDMR |
Number of shares subject to Awards made 13 April 2010
|
Resulting beneficial interest under the DSBP |
JC Helsby |
34,538 |
168,194 |
SR Hope (PDMR) |
2,939 |
100,583 |
JJM Ridley (PDMR) |
5,467 |
22,783 |
RO Sebag-Montefiore (PDMR) |
16,460 |
87,778 |
SJB Shaw |
42,621 |
42,621 |
The Savills Deferred Share Plan (DSP)
The DSP provides a longer term incentive and retention element for key executives. Awards are made over fully paid ordinary shares in Savills plc, with deferred vesting. Savills plc directors are not eligible to receive awards under the DSP. The following awards were granted to PDMRs under the terms of the DSP on 13 April 2010:-
PDMR |
Number of shares subject to Awards made 13 April 2010
|
Resulting beneficial interest under the DSP |
SR Hope |
29,394 |
29,394 |
JJM Ridley |
36,743 |
138,716 |
RO Sebag-Montefiore |
29,394 |
29,394 |
All the above awards have a deferred period of three years. Awards are subject to rolled-up dividend shares whereby the number of shares awarded will be increased on the vesting date to reflect final and interim dividends paid to ordinary shareholders during the deferred period.
15 April 2010