Last checked at 7 Jan 2020 10:55
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. 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 which completed on 6 January 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
|
Mitchell Rudin | 19,121 | 10,330 | 19,121 | 0.013 | 143,288
|
The share price on disposal of the shares to settle associated tax liabilities was £11.29 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
| 19,121 | ||
Number of Shares sold by Trustee to settle tax liabilities £11.29 per share
| 10,330 | ||
(e) | Aggregated information
- Aggregated volume - Price
| N/A
| |
(f) | Date of Vesting
Completion of share sale by Trustee to satisfy associated tax liabilities
| 31 December 2019
6 January 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
7 January 2020