Last checked at 20 Jun 2016 16:28
SAVILLS PLC (THE "COMPANY")
NOTIFICATION OF INTERESTS OF DIRECTORS/ PDMRs
Grant of Share Awards
The Company announces that on 20 June 2016 awards have been made under The Savills Deferred Share Plan (the "DSP") to Directors and other persons discharging managerial responsibilities ("PDMRs") as follows:-
Director/ PDMR | Number of shares subject to the DSP awarded to the Director / PDMR on 20 June 2016 | Total number of shares subject to the DSP following this notification |
Justin O'Connor (PDMR) - CEO Savills Investment Management | 55,575 | 55,575 |
The DSP provides for the award of conditional awards of ordinary shares in the Company. The Deferred Period for the above awards will end on 31 March 2019. Awards 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.
30% of the award vests subject to continued employment in March 2019, with 70% vesting subject to 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 to 31 December 2018.
20 June 2016