Information  X 
Enter a valid email address

Savills PLC (SVS)

  Print      Mail a friend       Annual reports

Tuesday 07 January, 2020

Savills PLC

Director/PDMR Shareholding

RNS Number : 0031Z
Savills PLC
07 January 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.  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 which completed on 6 January 2020, 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

19,121

10,330

19,121

0.013

143,288

 

 

The share price on disposal of the shares to settle associated tax liabilities was £11.29 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

 

19,121

Number of Shares sold by Trustee to settle tax liabilities £11.29 per share

 

10,330

(e)

Aggregated information

 

-      Aggregated volume

-      Price

 

N/A

 

 

(f)

Date of Vesting

 

Completion of share sale by Trustee to satisfy associated tax liabilities

 

 

31 December 2019

 

6 January 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

 

7 January 2020   


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHKZGGMGNMGGZM

a d v e r t i s e m e n t