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Savills PLC (SVS)

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Friday 20 March, 2020

Savills PLC

Director/PDMR Shareholding

RNS Number : 0503H
Savills PLC
20 March 2020
 

SAVILLS PLC (THE "COMPANY")

TRANSACTION IN SHARES BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR)

 

Vesting of Share Award

 

An award made on 14 March 2016 over ordinary shares of the Company under the Company's Deferred Share Bonus Plan has become unconditional in all respects following the end of its Deferred Period on 14 March 2020.  In satisfaction of the award, 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 19 March 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

 

James Sparrow

2,902

2,585

58,780

0.04

33,459

 

 

The share price on disposal of the shares to settle associated tax liabilities was £6.655915 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

James Sparrow

 

2.

Reason for the notification

 

(a)

Position/ status

CEO, Savills UK & EMEA/ 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 Bonus 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

 

2,902

Number of Shares sold by Trustee to settle tax liabilities £6.655915 per share

 

2,585

(e)

Aggregated information

 

Aggregated volume

Price

 

N/A

 

 

(f)

Date of Transaction

 

 

19 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   


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.
 
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