Director/PDMR Shareholding

RNS Number : 6239T

Savills PLC

25 November 2021

 

SAVILLS PLC (THE 'COMPANY')

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

Grant of Share Awards

The Company announces that on 25 November 2021 awards have been made under The Savills plc Performance Share Plan (the "Performance Share Plan") to Directors and PDMRS of the Company as follows:

Director / PDMR	Number of Shares subject to the Performance Share Plan awarded to the Director / PDMR on 25 November 2021	Total number of shares subject to the Performance Share Plan following this notification
Mark Ridley (Director)	41,933	209,473
Simon Shaw (Director)	32,054	168,602
Chris Lee (PDMR)	16,311	80,774

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.

Awards vest subject to the satisfaction of the following performance criteria measured over the three years to 31 December 2023:

(a) one-third 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) a further one-third of the initial value of an award is subject to Group Earnings per Share ('EPS') performance; and

(c) the final one-third of the initial value of an award is subject to the three year average Return on Capital Employed ('ROCE') of the Company.

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;

(b) for the EPS growth linked part of an award, 25% (i.e. threshold) will vest if the the Company's EPS growth is 6% p.a., compound rising to 100% (i.e. maximum) if the Company's EPS growth is 12% p.a., compound with sliding scale vesting between the two points; and

(c) for the ROCE linked part of an award, 25% (i.e. threshold) will vest if the Company's ROCE is 15% p.a., rising to 100% (i.e. maximum) if the Company's ROCE is 25% p.a. or more; and with straight-line 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.  Chris Lee
2.	Reason for the notification
(a)	Position/ status	1.  Group Chief Executive/ Director 2.  Group Chief Financial Officer/ Director 3.  Group Legal Director and Company Secretary/ 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 Performance Share Plan
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		£nil per share	1.  41,933 2.  32,054 3.  16,311
(e)	Aggregated information -  Aggregated volume -  Price	N/A
(f)	Date of the transaction	25 November 2021
(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

25 November 2021

 

END

 

 

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