Director/PDMR Shareholding

RNS Number : 3783W

Savills PLC

16 April 2019

 

SAVILLS PLC (THE 'COMPANY')

NOTIFICATION OF INTERESTS OF DIRECTORS/ PDMRS

Grant of Share Awards

The Company announces that on 15 April 2019 the grant of the share based element of 2018 profit share awards has been made under the Savills Deferred Share Bonus Plan to Directors and other persons discharging managerial responsibilities ('PDMR') as follows:-

Director/ PDMR	Number of shares subject to the Savills Deferred Share Bonus Plan awarded to the Director / PDMR on 15 April 2019	Resulting beneficial interest under the Savills Deferred Share Bonus Plan and Savills Deferred Share Plan
Mark Ridley (Director)	39,673	134,119
Simon Shaw (Director)	59,182	158,540
Simon Hope (PDMR)	5,449	19,587
Chris Lee (PDMR)	12,643	37,008
Christian Mancini (PDMR)	9,940	26,403
James Sparrow (PDMR)	26,594	44,375

The Company announces that on 15 April 2019 the grant of the share based element of 2018 profit share awards has been made under The Schedule to The Savills Deferred Share Bonus Plan to PDMRs based in the United States of America as follows:-

PDMR	Number of shares subject to the Savills Deferred Share Bonus Plan awarded to the PDMR on 15 April 2019	Resulting beneficial interest under the Savills Deferred Share Bonus Plan
Mitchell Steir (PDMR)	17,190	34,588

All the above awards have a Deferred Period of three years and 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 declared during the Deferred Period.

The Company announces that on 15 April 2019 awards have been made under The Savills plc Performance Share Plan (the 'Performance Share Plan') to Directors and PDMRS as follows:- 

Director/ PDMR	Number of shares subject to the Performance Share Plan awarded to the Director / PDMR on 15 April 2019	Total number of shares subject to Performance Share Plan Awards following this notification
Mark Ridley (Director)	62,997	161,579
Simon Shaw (Director)	48,174	149,835
Chris Lee (PDMR)	24,523	65,708

The Performance Share Plan provides for the award of nil cost options or conditional awards of ordinary shares in the Company.

Awards of shares are made subject to a three-year performance period.  Awards which satisfy the applicable performance criteria (as below) in the three-year performance period will then vest after an additional two-year holding period for Directors.

Awards vest subject to the satisfaction of the following performance criteria measured over the three years following grant:

(a) 50% of the initial value of an award is subject to the Company's Total Shareholder Return ('TSR') performance measured against the TSR of the FTSE Mid 250 Index (excluding investment trusts);

(b) the other 50% of the initial value of an award is subject to real (i.e. growth in excess of RPI) Group Earnings per Share ('EPS') growth performance.

Awards vest as follows:

(a) for the TSR linked part of an award, 25% (i.e. threshold) will vest if the Company's TSR matches Index performance, rising to 100% (i.e. maximum) if the Company's TSR outperforms the Index by 8% p.a., compound with sliding scale vesting between the two points; and

(b) for the EPS growth linked part of an award, 25% (i.e. threshold) will vest if the Company's real EPS growth (i.e. growth in excess of RPI) is 3% p.a., compound rising to 100% (i.e. maximum) if the Company's real (i.e. growth in excess of RPI) EPS growth is 8% p.a., compound with sliding scale vesting between the two points.

The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation No 596/2014.

1.	Details of the person discharging managerial responsibilities/ person closely associated
(a)	Name	1.    Mark Ridley 2.    Simon Shaw 3.    Simon Hope 4.    Chris Lee 5.    Christian Mancini 6.    James Sparrow 7.    Mitchell Steir
2.	Reason for the notification
(a)	Position/ status	1.    Group Chief Executive/ Director 2.    Group Chief Financial Officer/ Director 3.    Global Head of Capital Markets/ PDMR 4.    Group Legal Director and Company Secretary/ PDMR 5.    Chief Executive Officer Asia Pacific (ex-Greater China) / PDMR 6.    Chief Executive Officer UK & EMEA/ PDMR 7.    Chairman and CEO - Savills North America/ PDMR
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Savills plc
(b)	LEI	213800WXICGMBWHTA933
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	Awards over Savills plc Ordinary Shares of 2.5p each
(b)	Identification code of the Financial Instrument	GB00B135BJ46
(c)	Nature of the transaction	Grant of awards over Ordinary Shares in accordance with the Company's Deferred Share Bonus Plan ('DSBP') and Performance Share Plan ('PSP')
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		£nil per share	1.    39,673 (DSBP) & 62,997 (PSP) 2.    59,182 (DSBP) & 48,174 (PSP) 3.    5,449 (DSBP) 4.    12,643 (DSBP) & 24,523 (PSP) 5.    9,940 (DSBP) 6.    26,594 (DSBP) 7.    17,190 (DSBP)
(e)	Aggregated information -      Aggregated volume -      Price	N/A
(f)	Date of the transaction	15 April 2019
(g)	Place of the transaction	Outside a trading venue

Name of contact and telephone number for queries:

Chris Lee

Group Legal Director & Company Secretary

020 3107 5444

16 April 2019

 

END

 

 

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