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Director/PDMR Shareholding

13 Aug 2014 16:17

RNS Number : 0755P
Savills PLC
13 August 2014
 



SAVILLS PLC (THE "COMPANY")

NOTIFICATION OF INTERESTS OF DIRECTORS/ PDMRs

 

The Company announces that on 12 August awards have been made under The Savills plc Performance Share Plan to Directors/ PDMRs as follows:-

 

The Savills Performance Share Plan ("the PSP")

 

Director/ PDMR

Number of shares subject to PSP Award to the Director/ PDMR made 12 August 2014

Total number of shares subject to Awards granted under the PSP following this Award

Jeremy Helsby

75,000

201,796

Simon Hope (PDMR)

41,666

112,108

Chris Lee (PDMR)

20,833

56,054

Robert McKellar (PDMR)

41,666

112,108

Mark Ridley (PDMR)

41,666

112,108

Borja Sierra (PDMR)

41,666

112,108

Simon Shaw

41,666

112,108

 

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 is10% p.a., compound with sliding scale vesting between the two points

 

 

 

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