Director/PDMR Shareholding

RNS Number : 1056H

Savills PLC

20 March 2020

 

SAVILLS PLC (THE "COMPANY")

TRANSACTION IN SHARES BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR)

Vesting of Share Award

Part of an award made on 19 December 2018 over ordinary shares of the Company under the Company's Deferred Share Plan has become unconditional in all respects following the end of its Deferred Period on 31 December 2019 and the Directors determining on 20 March 2020 that the performance conditions attached to the award have been met.  In satisfaction of the award, the Trustee of the Group's US Employee Benefit Trust ("Trustee") effected the transfer of shares, following the settlement of associated tax liabilities through the sale of shares, to a PDMR of the Company as follows:-

PDMR	Number of Shares Transferred  to PDMR by Trustee	Number of Shares sold by Trustee to settle tax liabilities	PDMR Shareholding following this notification	Shareholding as a % of issued share capital	Beneficial interest under the Deferred Share Plans following this notification
Mitchell Rudin	15,037	15,099	34,158	0.02	114,631

The share price on disposal of the shares to settle associated tax liabilities was £7.405 per share.

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	Mitchell Rudin
2.	Reason for the notification
(a)	Position/ status	President, Savills US / 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	Savills plc Ordinary Shares of 2.5p each
(b)	Identification code of the Financial Instrument	GB00B135BJ46
(c)	Nature of the transaction	Vesting of award under the Company's Deferred Share Plan 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 PDMR	15,037
		Number of Shares sold by Trustee to settle tax liabilities £7.405 per share	15,099
(e)	Aggregated information -  Aggregated volume -  Price	N/A
(f)	Specified Vesting Date	20 March 2020
(g)	Place of the transaction	London Stock Exchange (XLON)

Name of contact and telephone number for queries:

Chris Lee

Group Legal Director & Company Secretary

020 3107 5444

20 March 2020   

 

END

 

 

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