SAVILLS PLC (THE "COMPANY")
The Company announces that on 17 April 2012 awards were made over ordinary shares of the Company under The Savills plc Performance Share Plan ("the PSP") to Directors and other persons discharging managerial responsibilities ("PDMRs") of the Company as follows:-
Director/ PDMR |
Number of shares subject to PSP Award to the Director/ PDMR made 17 April 2012
|
Total number of shares subject to PSP Awards |
Jeremy Helsby (Director) |
126,796 |
223,812 |
Simon Hope (PDMR) |
70,442 |
131,077 |
Chris Lee (PDMR) |
35,221 |
65,538 |
Raymond Lee (PDMR) |
70,442 |
131,077 |
Robert McKellar (PDMR) |
70,442 |
131,077 |
Mark Ridley (PDMR) |
70,442 |
131,077 |
Rupert Sebag-Montefiore (PDMR) |
70,442 |
131,077 |
Borja Sierra (PDMR) |
70,442 |
131,077 |
Simon Shaw (Director) |
70,442 |
131,077 |
The PSP provides for the award of nil cost options or conditional awards of ordinary shares in the Company and may also include an award of Company Share Option Plan ("CSOP") options (approved by HM Revenue and Customs).
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
Further, the Company has today been advised that the Trustees (Suffolk Life Trustees Limited) of the Self Invested Personal Pension Plan (SIPP) of Rupert Sebag-Montefiore sold shares held in the SIPP as follows:-
Director/ PDMR |
Date of Transaction |
Number of Shares Disposed |
Price achieved per share |
Shareholding following this notification |
Shareholding as a % of issued share capital |
Rupert Sebag-Montefiore (PDMR) |
26 March 2012 |
45,500 |
375p |
216,500 |
0.16 |
18 April 2012