REG - Savills PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">SVS.L</Origin>

SavillsAnnouncement

15/07/2015 14:47

RNS Number : 4000L
Savills PLC
27 April 2015
SAVILLS PLC (THE "COMPANY")
NOTIFICATION OF INTERESTS OF DIRECTORS/ PDMRs
Grant of Share Awards
The Company announces that on 24 April 2015 the grant of the share based element of 2014 profit share awards has been made under Savills Deferred Share Bonus Plan and the Savills Deferred Share Plan (the "Deferred Share Plans") to Directors and other persons discharging managerial responsibilities ("PDMRs") as follows:-
Director/ PDMR
Number of shares subject to the Deferred Share Plans awarded to the Director / PDMR on 24 April 2015
Resulting beneficial interest under the Deferred Share Plans
Jeremy Helsby (Director)
73,170
198,765
Simon Hope (PDMR)
29,268
73,992
Chris Lee (PDMR)
24,999
55,233
Robert McKellar (PDMR)
32,268
142,450
Justin O'Connor (PDMR)
3,048
6,876
Mark Ridley (PDMR)
51,828
139,910
Simon Shaw (Director)
56,097
148,716
The above awards have a Deferred Period of three years. Awards are subject to rolled-up dividend shares whereby the number of shares awarded will be increased on the vesting date to reflect final and interim dividends declared during the Deferred Period. 
The Company announces that on 24 April 2015 awards have been made under The Savills plc Performance Share Plan (the "Performance Share Plan") to Directors/ PDMRs as follows:- 
Director/ PDMR
Number of shares subject to the Performance Share Plan awarded to the Director / PDMR on 24 April 2015
Resulting beneficial interest under the Performance Share Plan
Jeremy Helsby (Director)
67,073
142,073
Simon Hope (PDMR)
30,487
72,153
Chris Lee (PDMR)
15,243
36,076
Mark Ridley (PDMR)
30,487
72,153
Simon Shaw (Director)
42,682
84,348
The Performance Share Plan 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 10% p.a., compound with sliding scale vesting between the two points
Vesting of Share Awards
Awards made on 19 April 2012 over ordinary shares of the Company under the Deferred Share Plans have now become unconditional following the end of their Deferred Period and Awards made on 17 April 2012 over ordinary shares of the Company under the Performance Share Plan have now become unconditional following the satisfaction of performance conditions attaching to them.
In satisfaction of the Awards, on 23 April 2015 shares have been transferred/ allotted to Directors and PDMRs of the Company as follows:-
Director/ PDMR
Deferred Share Plans
The Performance Share Plan
Shareholding following this notification
Shareholding as a % of issued share capital
Number of Shares Transferred
Number of Shares Disposed
Number of Shares Allotted
Number of Shares Disposed
Jeremy Helsby (Director)
51,531
51,531
139,655
139,655
604,849
0.45 
Simon Hope (PDMR)
18,333
18,333
77,587
77,587
149,843
0.11
Chris Lee (PDMR)
19,861
9,358
38,789
13,980
82,688
0.06
Raymond Lee (PDMR)
n/a
n/a
77,583
236
144,428
0.11
Robert McKellar (PDMR)
84,173
84,173
77,587
77,587
132,048
0.10
Mark Ridley (PDMR)
42,779
19,912
77,587
36,717
117,354
0.09
Rupert Sebag-Montefiore (PDMR)
58,791
58,791
77,587
77,587
220,768
0.16
Simon Shaw (Director)
35,007
35,007
77,587
77,587
155,486
0.11
The share price on disposal of shares was 822.049p per share.
Options over ordinary shares of Savills plc under The Savills Executive Share Option Scheme (2001) have been exercised as follows:-
Director/ PDMR
Date of Exercise and Disposal
Number of Shares Allotted
Subscription Price per Share
Number of Shares Disposed
Sale Price per Share
Shareholding following this notification
Shareholding as a % of issued share capital
Jeremy Helsby (Director)
23 April 2015 
114,386
340.95p
114,386
820.0316p
604,849
0.45
Following the exercises, the Company's issued and allotted share capital is 135,913,369 Ordinary Shares of 2.5p nominal value.
27 April 2015

This information is provided by RNS
The company news service from the London Stock Exchange
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