REG - Savills PLC - Director/PDMR Shareholding

SavillsAnnouncement

28/04/2020 15:55

RNS Number : 2105L
  
Savills PLC
  
28 April 2020
  
 

SAVILLS PLC (THE 'COMPANY')
NOTIFICATION OF INTERESTS OF DIRECTORS/ PERSONS DISCHARGING MANAGERIAL RESPONSIBILIES ('PDMRS')
 
Vesting and Grant of Share Awards
 
Awards made on 18 April 2017 over ordinary shares of the Company under the Company's Deferred Share Plans have now become unconditional in all respects following the end of their Deferred Period.  In satisfaction of the Awards, 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 27 April 2020, to Directors and PDMRS of the Company as detailed in the table below.
 
The Company also announces that on 27 April 2020 the grant of the share based element of 2019 profit share awards was made under the Savills Deferred Share Bonus Plan to Directors and PDMRS of the Company as detailed in the table below. 
 



Director / PDMR


Number of Shares Transferred  to Director / PDMR by Trustee


Number of Shares sold by Trustee to settle associated tax liabilities


Director / PDMR Shareholding following this notification


Shareholding as a % of issued share capital


Number of Shares subject to the Savills Deferred Share Bonus Plan awarded to the Director / PDMR


Beneficial interest under the Deferred Share Plans following this notification




Mark Ridley (Director)


27,360


24,357


210,321


0.15%


85,446


171,611




Simon Shaw (Director)


26,715


23,783


182,579


0.13%


63,821


175,537




Simon Hope (PDMR)


3,693


3,271


190,789


0.13%


5,652


18,781




Chris Lee (PDMR)


7,122


6,343


112,138


0.08%


13,329


37,851




Christian Mancini (PDMR)


8,183


n/a


112,407


0.08%


7,974


26,789




Mitchell Rudin (PDMR)


n/a


n/a


34,158


0.02%


12,811


184,756




James Sparrow (PDMR)


n/a


n/a


58,798


0.04%


35,681


69,140




Mitchell Steir (PDMR)


5,187


5,644


52,500


0.04%


21,488


46,033



 
The share price on disposal of shares to settle associated tax liabilities was £8.823376 per share.
All the above awards have a Deferred Period of three years and 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 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


1.    Mark Ridley
2.    Simon Shaw
3.    Simon Hope
4.    Chris Lee
5.    Christian Mancini
6.    Mitchell Rudin
7.    James Sparrow
8.    Mitchell Steir
 




2.


Reason for the notification
 




(a)


Position/ status


1.    Group Chief Executive/ Director
2.    Group Chief Financial Officer/ Director
3.    Global Head of Capital Markets/ PDMR
4.    Group Legal Director and Company Secretary/ PDMR
5.    Chief Executive Officer Asia Pacific (ex-Greater China) / PDMR
6.    President, Savills US / PDMR
7.    Chief Executive Officer UK & EMEA/ PDMR
8.    Chairman and CEO - Savills North America/ 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
 


Awards over Savills plc Ordinary Shares of 2.5p each




(b)


Identification code of the Financial Instrument
 


GB00B135BJ46




(c)


Nature of the transaction
 


Vesting of awards under the Company's Deferred Share Plans 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 Director / PDMR
 


1.    27,360
2.    26,715
3.    3,693
4.    7,122
5.    8,183
6.    n/a
7.    n/a
8.    5,187
 




Number of Shares sold by Trustee to settle tax liabilities at £8.823376 per share
 


1.    24,357
2.    23,783
3.    3,271
4.    6,343
5.    n/a
6.    n/a
7.    n/a
8.    5,644
 




(e)


Aggregated information
 
-      Aggregated volume
-      Price
 


N/A
 
 




(f)


Date of the transaction
 


27 April 2020




(g)


Place of the transaction
 


Outside a trading venue




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
 


Awards over Savills plc Ordinary Shares of 2.5p each




(b)


Identification code of the Financial Instrument
 


GB00B135BJ46




(c)


Nature of the transaction
 


Grant of awards over Ordinary Shares in accordance with the Company's Deferred Share Bonus Plan ('DSBP')
 




(d)


Price(s) and volume(s)
 


Price(s)


Volume(s)
 




£nil per share
 


1.    85,446
2.    63,821
3.    5,652
4.    13,329
5.    7,974
6.    12,811
7.    35,681
8.    21,488
 




(e)


Aggregated information
 
-      Aggregated volume
-      Price
 


N/A
 
 




(f)


Date of the transaction
 


27 April 2020




(g)


Place of the transaction
 


Outside a trading venue



 
Name of contact and telephone number for queries:
Chris Lee
Group Legal Director & Company Secretary
020 3107 5444
 
28 April 2020


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