Director/PDMR Shareholding

RNS Number : 2105L

Savills PLC

28 April 2020

 

SAVILLS PLC (THE 'COMPANY')

NOTIFICATION OF INTERESTS OF DIRECTORS/ PERSONS DISCHARGING MANAGERIAL RESPONSIBILIES ('PDMRS')

Vesting and Grant of Share Awards

Awards made on 18 April 2017 over ordinary shares of the Company under the Company's Deferred Share Plans have now become unconditional in all respects following the end of their Deferred Period.  In satisfaction of the Awards, the Trustee of The Savills plc 1992 Employee Benefit Trust ('Trustee') effected the transfer of shares, following the settlement of associated tax liabilities through the sale of shares which completed on 27 April 2020, to Directors and PDMRS of the Company as detailed in the table below.

The Company also announces that on 27 April 2020 the grant of the share based element of 2019 profit share awards was made under the Savills Deferred Share Bonus Plan to Directors and PDMRS of the Company as detailed in the table below.

Director / PDMR	Number of Shares Transferred  to Director / PDMR by Trustee	Number of Shares sold by Trustee to settle associated tax liabilities	Director / PDMR Shareholding following this notification	Shareholding as a % of issued share capital	Number of Shares subject to the Savills Deferred Share Bonus Plan awarded to the Director / PDMR	Beneficial interest under the Deferred Share Plans following this notification
Mark Ridley (Director)	27,360	24,357	210,321	0.15%	85,446	171,611
Simon Shaw (Director)	26,715	23,783	182,579	0.13%	63,821	175,537
Simon Hope (PDMR)	3,693	3,271	190,789	0.13%	5,652	18,781
Chris Lee (PDMR)	7,122	6,343	112,138	0.08%	13,329	37,851
Christian Mancini (PDMR)	8,183	n/a	112,407	0.08%	7,974	26,789
Mitchell Rudin (PDMR)	n/a	n/a	34,158	0.02%	12,811	184,756
James Sparrow (PDMR)	n/a	n/a	58,798	0.04%	35,681	69,140
Mitchell Steir (PDMR)	5,187	5,644	52,500	0.04%	21,488	46,033

The share price on disposal of shares to settle associated tax liabilities was £8.823376 per share.

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 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.  Mitchell Rudin 7.  James Sparrow 8.  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.  President, Savills US / PDMR 7.  Chief Executive Officer UK & EMEA/ PDMR 8.  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	Vesting of awards under the Company's Deferred Share Plans and sale of shares to settle associated tax liabilities
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Number of Shares Transferred at nil cost by Trustee to Director / PDMR	1.  27,360 2.  26,715 3.  3,693 4.  7,122 5.  8,183 6.  n/a 7.  n/a 8.  5,187
		Number of Shares sold by Trustee to settle tax liabilities at £8.823376 per share	1.  24,357 2.  23,783 3.  3,271 4.  6,343 5.  n/a 6.  n/a 7.  n/a 8.  5,644
(e)	Aggregated information -  Aggregated volume -  Price	N/A
(f)	Date of the transaction	27 April 2020
(g)	Place of the transaction	Outside a trading venue
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')
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		£nil per share	1.  85,446 2.  63,821 3.  5,652 4.  13,329 5.  7,974 6.  12,811 7.  35,681 8.  21,488
(e)	Aggregated information -  Aggregated volume -  Price	N/A
(f)	Date of the transaction	27 April 2020
(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

28 April 2020

 

END

 

 

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