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Director/PDMR Shareholding

18 Apr 2012 17:17

RNS Number : 6256B
Savills PLC
18 April 2012
 



SAVILLS PLC (THE "COMPANY")

NOTIFICATION OF INTERESTS OF DIRECTORS/ PDMRs

 

The Company announces that on 17 April 2012 awards were made over ordinary shares of the Company under The Savills plc Performance Share Plan ("the PSP") to Directors and other persons discharging managerial responsibilities ("PDMRs") of the Company as follows:-

 

Director/ PDMR

Number of shares subject to PSP Award to the Director/ PDMR made 17 April 2012

 

Total number of shares subject to PSP Awards

Jeremy Helsby (Director)

126,796

223,812

Simon Hope (PDMR)

70,442

131,077

Chris Lee (PDMR)

35,221

65,538

Raymond Lee (PDMR)

70,442

131,077

Robert McKellar (PDMR)

70,442

131,077

Mark Ridley (PDMR)

70,442

131,077

Rupert Sebag-Montefiore (PDMR)

70,442

131,077

Borja Sierra (PDMR)

70,442

131,077

Simon Shaw (Director)

70,442

131,077

 

The PSP provides for the award of nil cost options or conditional awards of ordinary shares in the Company and may also include an award of Company Share Option Plan ("CSOP") options (approved by HM Revenue and Customs).

 

Awards vest subject to the satisfaction of the following performance criteria measured over the three years following grant:

 

(a) 50% 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) the other 50% of the initial value of an award is subject to real (i.e. growth in excess of RPI) Group Earnings per Share ('EPS') growth performance.

 

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; and

 

(b) for the EPS growth linked part of an award, 25% (i.e. threshold) will vest if the Company's real EPS growth (i.e. growth in excess of RPI) is 3% p.a., compound rising to 100% (i.e. maximum) if the Company's real (i.e. growth in excess of RPI) EPS growth is 8% p.a., compound with sliding scale vesting between the two points

 

Further, the Company has today been advised that the Trustees (Suffolk Life Trustees Limited) of the Self Invested Personal Pension Plan (SIPP) of Rupert Sebag-Montefiore sold shares held in the SIPP as follows:-

 

Director/ PDMR

Date of Transaction

Number of Shares Disposed

Price achieved per share

Shareholding following this notification

Shareholding as a % of issued share capital

Rupert Sebag-Montefiore (PDMR)

26 March 2012

45,500

375p

216,500

0.16

 

 

18 April 2012

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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