REG - Savills PLC - Director/PDMR Shareholding

SavillsAnnouncement

07/01/2020 11:00

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   




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