Last checked at 26 Apr 2024 14:13
SAVILLS PLC (THE "COMPANY")
TRANSACTION IN SHARES BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)
Vesting of Share Awards
Awards over ordinary shares of the Company under the Deferred Share Plan have become unconditional in all respects following the end of their Deferred Period. In satisfaction of the Awards, the Trustee of the Savills US Employee Benefit Trust effected the transfer of shares, following the settlement of associated tax liabilities through the sale of shares, to a PDMR of the Company based in North America as follows:-
PDMR | Number of Shares Transferred | Number of Shares Disposed | Shareholding following this notification | Shareholding as a % of issued share capital |
David Lipson | 39,058 | 19,488 | 103,699 | 0.07% |
The share price on disposal of shares was £10.45 per share.
Grant of Share Awards
The Company announces that on 24 April 2024 the grant of the share-based element of 2023 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 24 April 2024 |
Mark Ridley (Director) | 58,841 |
Simon Shaw (Director) | 45,105 |
Alex Jeffrey (PDMR) | 18,234 |
Chris Lee (PDMR) | 9,596 |
Raymond Lee (PDMR) | 41,266 |
David Lipson (PDMR) | 7,712 |
Christian Mancini (PDMR) | 7,869 |
James Sparrow (PDMR) | 33,589 |
These 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 24 April 2024 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 24 April 2024 |
David Lipson (PDMR) | 38,563 |
One-third of Mr Lipson's award will vest on each of the three anniversaries subsequent to the date of grant subject to continued employment and performance. 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) | 281,493 |
Simon Shaw (Director) | 214,056 |
Alex Jeffrey (PDMR) | 307,184 |
Chris Lee (PDMR) | 74,917 |
Raymond Lee (PDMR) | 171,840 |
David Lipson (PDMR) | 151,801 |
Christian Mancini (PDMR) | 146,303 |
James Sparrow (PDMR) | 163,057 |
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. 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. Chief Executive Officer - Savills North America/ PDMR 7. Chief Executive Officer - Asia Pacific (ex-Greater China)/ PDMR 8. Chief Executive Officer, UK & CEME/ 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 Deferred Share Plan and sale of shares to satisfy associated tax liabilities 2) 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) Acquisition £nil per share
Disposal £10.45 per share | 1. n/a 2. n/a 3. n/a 4. n/a 5. n/a 6. 39,058 7. n/a 8. n/a 9. n/a
1. n/a 2. n/a 3. n/a 4. n/a 5. n/a 6. 19,488 7. n/a 8. n/a 9. n/a
| ||
2) £nil per share | 1. 58,541 2. 45,105 3. 18,234 4. 9,596 5. 41,266 6. 46,275 7. 7,869 8. 33,589 | ||
(e) | Aggregated information
- Aggregated volume - Price
| N/A
| |
(f) | Date of the transaction
| 24 April 2024 | |
(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
26 April 2024