REG - Savills PLC - Director/PDMR Shareholding

SavillsAnnouncement

25/11/2021 12:10

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RNS Number : 6239T  Savills PLC  25 November 2021

SAVILLS PLC (THE 'COMPANY')

NOTIFICATION OF INTERESTS OF DIRECTORS/ PERSONS DISCHARGING MANAGERIAL RESPONSIBILIES ('PDMRS')

 

Grant of Share Awards

 

The Company announces that on 25 November 2021 awards have been made under The
Savills plc Performance Share Plan (the "Performance Share Plan") to Directors
and PDMRS of the Company as follows:

 

 Director / PDMR         Number of Shares subject to the Performance Share Plan awarded to the Director  Total number of shares subject to the Performance Share Plan following this
                         / PDMR on 25 November 2021                                                      notification
 Mark Ridley (Director)  41,933                                                                          209,473
 Simon Shaw (Director)   32,054                                                                          168,602
 Chris Lee (PDMR)        16,311                                                                          80,774

 

The Performance Share Plan provides for the award of nil cost options or
conditional awards of ordinary shares in the Company.

Awards of shares are made subject to a three-year performance period.  Awards
which satisfy the applicable performance criteria (as below) in the three-year
performance period will then vest after an additional two-year holding period.

Awards vest subject to the satisfaction of the following performance criteria
measured over the three years to 31 December 2023:

(a) one-third 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) a further one-third of the initial value of an award is subject to Group
Earnings per Share ('EPS') performance; and

(c) the final one-third of the initial value of an award is subject to the
three year average Return on Capital Employed ('ROCE') of the Company.

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;

(b) for the EPS growth linked part of an award, 25% (i.e. threshold) will vest
if the the Company's EPS growth is 6% p.a., compound rising to 100% (i.e.
maximum) if the Company's EPS growth is 12% p.a., compound with sliding scale
vesting between the two points; and

(c) for the ROCE linked part of an award, 25% (i.e. threshold) will vest if
the Company's ROCE is 15% p.a., rising to 100% (i.e. maximum) if the Company's
ROCE is 25% p.a. or more; and with straight-line vesting between the two
points.

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.    Chris Lee

 2.   Reason for the notification

 (a)  Position/ status                                 1.    Group Chief Executive/ Director

                                                       2.    Group Chief Financial Officer/ Director

                                                       3.    Group Legal Director and Company Secretary/ 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                        Grant of awards over Ordinary Shares in accordance with the Company's

                                                Performance Share Plan

 (d)  Price(s) and volume(s)                           Price(s)                             Volume(s)

      £nil per share                                                                        1.    41,933

                                                                                            2.    32,054

                                                                                            3.    16,311

 (e)  Aggregated information                           N/A

      -      Aggregated volume

      -      Price

 (f)  Date of the transaction                          25 November 2021

 (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

 

25 November 2021

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