Last checked at 28 Apr 2016 15:21
SAVILLS PLC (THE "COMPANY")
NOTIFICATION OF INTERESTS OF DIRECTORS/ PDMRs
Grant of Share Awards
The Company announces that on 27 April 2016 awards have been made under The Savills plc Performance Share Plan (the "Performance Share Plan") to Directors and other persons discharging managerial responsibilities ("PDMRs") as follows:-
Director/ PDMR | Number of shares subject to the Performance Share Plan awarded to the Director / PDMR on 27 April 2016 | Total number of shares subject to Performance Share Plan Awards following this notification |
Jeremy Helsby (Director) | 77,084 | 219,157 |
Simon Hope (PDMR) | 35,038 | 107,191 |
Chris Lee (PDMR) | 17,519 | 53,595 |
Mark Ridley (PDMR) | 35,038 | 107,191 |
Simon Shaw (Director) | 35,038 | 119,386 |
The Performance Share Plan provides for the award of nil cost options or conditional awards of ordinary shares in the Company.
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.
28 April 2016