REG - Savills PLC - Director/PDMR Shareholding

SavillsAnnouncement

20/03/2020 17:35

RNS Number : 1056H
  
Savills PLC
  
20 March 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 and the Directors determining on 20 March 2020 that the performance conditions attached to the award have been met.  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, 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


15,037


15,099


34,158


0.02


114,631
 



 
The share price on disposal of the shares to settle associated tax liabilities was £7.405 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 
 


15,037




Number of Shares sold by Trustee to settle tax liabilities £7.405 per share
 


15,099




(e)


Aggregated information
 
-      Aggregated volume
-      Price
 


N/A
 
 




(f)


Specified Vesting Date
 


20 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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