REG - Savills PLC - Director/PDMR Shareholding
24/04/2023 17:30
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230424:nRSX2788Xa&default-theme=true
RNS Number : 2788X Savills PLC 24 April 2023
SAVILLS PLC (THE "COMPANY")
TRANSACTION IN SHARES BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)
Vesting of Share Awards
On 21 April 2023, ordinary shares of the Company have been allotted to
Directors and PDMRs of the Company as follows in satisfaction of the partial
vesting of Awards made on 16 April 2018 under The Savills plc Performance
Share Plan (the "Performance Share Plan"):-
Director / PDMR Number of Shares Transferred Number of Shares Disposed Shareholding following this notification Shareholding as a % of issued share capital
Mark Ridley (Director) 11,173 11,173 231,854 0.16
Simon Shaw (Director) 11,758 11,758 182,579 0.13
Chris Lee (PDMR) 5,985 5,985 119,000 0.08
The share price on disposal of all shares was £9.766 per share.
The balance of the Awards made on 16 April 2018 have lapsed.
Grant of Share Awards
The Company announces that on 21 April 2023 awards have been made under to
Directors and PDMRs of the Company as follows under the Performance Share
Plan:
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 21 April 2023 notification
Mark Ridley (Director) 65,336 234,751
Simon Shaw (Director) 50,000 179,497
Chris Lee (PDMR) 25,288 91,116
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 2025:
(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 or more 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 Company's EPS growth over the period is 4% p.a., compound rising to
100% (i.e. maximum) if the Company's EPS growth over the period is 10% p.a.,
compound or more 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 at least 12% p.a., rising to 100% (i.e. maximum) if the
Company's ROCE is 22% p.a. or more; and with straight-line vesting between the
two points.
The Company announces that on 21 April 2023 the grant of the share based
element of 2022 profit share awards has been made under the Savills Deferred
Share Bonus Plan to Directors and PDMRs as follows:-
Director/ PDMR Number of shares subject to the Savills Deferred Share Bonus Plan awarded to
the Director/ PDMR on 21 April 2023
Mark Ridley (Director) 108,981
Simon Shaw (Director) 83,876
Alex Jeffrey (PDMR) 40,966
Chris Lee (PDMR) 16,806
Raymond Lee (PDMR) 32,432
David Lipson (PDMR) 9,309
Christian Mancini (PDMR) 27,037
Mitchell Rudin (PDMR) 9,309
James Sparrow (PDMR) 73,529
The Company announces that on 21 April 2023 the grant of an award has been
made under the Savills Deferred Share Plan to a PDMR as follows:-
PDMR Number of shares subject to the Savills Deferred Share Plan awarded to the
PDMR on 21 April 2023
Alex Jeffrey 36,764
Vesting on a sliding scale is dependent upon the satisfaction of performance
criteria relating to the financial performance of Savills Investment
Management, including the performance of funds managed by Savills Investment
Management, over the period 2023 to 2025.
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 Company announces that on 21 April 2023 the grant of an award has been
made under The Schedule to The Savills Deferred Share Plan to a PDMR based in
the United States of America as follows:-
PDMR Number of shares subject to the Savills Deferred Share Plan awarded to the
PDMR on 21 April 2023
David Lipson (PDMR) 42,318
20% of Mr Lipson's award will vest on each of the five anniversaries
subsequent to the date of grant subject to continued employment. The award is
subject to rolled-up dividend shares whereby the number of shares awarded will
be increased on the vesting dates to reflect final and interim dividends
declared during the Deferred Periods.
Resulting beneficial interests under the Savills Deferred Share Bonus Plan and
Savills Deferred Share Plan further to the above notifications are as follows:
Director/ PDMR Resulting beneficial interest under the Savills Deferred Share Bonus Plan and
Savills Deferred Share Plan
Mark Ridley (Director) 308,398
Simon Shaw (Director) 232,772
Alex Jeffrey (PDMR) 387,042
Chris Lee (PDMR) 78,650
Raymond Lee (PDMR) 130,574
David Lipson (PDMR) 187,304
Christian Mancini (PDMR) 146,408
Mitchell Rudin (PDMR) 194,919
James Sparrow (PDMR) 165,149
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 Director/ PDMR
(a) Name 1. Mark Ridley
2. Simon Shaw
3. Alex Jeffrey
4. Chris Lee
5. Raymond Lee
6. David Lipson
7. Christian Mancini
8. Mitchell Rudin
9. James Sparrow
2. Reason for the notification
(a) Position/ status 1. Group Chief Executive/ Director
2. Group Chief Financial Officer/ Director
3. Chief Executive Officer - Savills Investment Management/ PDMR
4. Group Legal Director and Company Secretary/ PDMR
5. Chief Executive - Hong Kong, Macau and Greater China/ PDMR
6. President - Savills North America/ PDMR
7. Chief Executive Officer Asia Pacific (ex-Greater China)/ PDMR
8. Chairman and CEO - Savills North America/ PDMR
9. 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 1) Vesting of awards under the Company's Performance Share Plan and sale
of resultant shares
2) Grant of awards over Ordinary Shares in accordance with the Company's
Performance Share Plan
3) Grant of awards over Ordinary Shares in accordance with the Company's
Deferred Share Bonus Plan and Deferred Share Plan
(d) Price(s) and volume(s) Price(s) Volume(s)
1) 1. 11,173
Acquisition 2. 11,758
£0.025 per share 3. n/a
4. 5,985
5. n/a
6. n/a
7. n/a
8. n/a
9. n/a
Disposal 1. 11,173
£9.766 per share 2. 11,758
3. n/a
4. 5,985
5. n/a
6. n/a
7. n/a
8. n/a
9. n/a
2) 1. 65,336
£nil per share 2. 50,000
3. n/a
4. 25,288
5. n/a
6. n/a
7. n/a
8. n/a
9. n/a
3) 1. 108,981
£nil per share 2. 83,876
3. 77,730
4. 16,806
5. 32,432
6. 51,627
7. 27,037
8. 9,309
9. 73,529
(e) Aggregated information N/A
- Aggregated volume
- Price
(f) Date of the transaction 21 April 2023
(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
24 April 2023
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHMZGZDVDDGFZMRecent news on Savills
See all newsREG - Savills PLC - Total Voting Rights
AnnouncementREG - Savills PLC - Director/PDMR Shareholding
AnnouncementREG - Savills PLC - Director Declaration
AnnouncementREG - Savills PLC - Director/PDMR Shareholding
AnnouncementREG - Savills PLC - Director/PDMR Shareholding
Announcement