REG - Savills PLC - Director/PDMR Shareholding

SavillsAnnouncement

20/03/2020 13:45

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    


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