28 Apr 2020 15:53
SAVILLS PLC (THE 'COMPANY')
NOTIFICATION OF INTERESTS OF DIRECTORS/ PERSONS DISCHARGING MANAGERIAL RESPONSIBILIES ('PDMRS')
Vesting and Grant of Share Awards
Awards made on 18 April 2017 over ordinary shares of the Company under the Company's Deferred Share Plans have now become unconditional in all respects following the end of their Deferred Period. In satisfaction of the Awards, the Trustee of The Savills plc 1992 Employee Benefit Trust ('Trustee') effected the transfer of shares, following the settlement of associated tax liabilities through the sale of shares which completed on 27 April 2020, to Directors and PDMRS of the Company as detailed in the table below.
The Company also announces that on 27 April 2020 the grant of the share based element of 2019 profit share awards was made under the Savills Deferred Share Bonus Plan to Directors and PDMRS of the Company as detailed in the table below.
Director / PDMR | Number of Shares Transferred to Director / PDMR by Trustee | Number of Shares sold by Trustee to settle associated tax liabilities | Director / PDMR Shareholding following this notification | Shareholding as a % of issued share capital | Number of Shares subject to the Savills Deferred Share Bonus Plan awarded to the Director / PDMR | Beneficial interest under the Deferred Share Plans following this notification |
Mark Ridley (Director) | 27,360 | 24,357 | 210,321 | 0.15% | 85,446 | 171,611 |
Simon Shaw (Director) | 26,715 | 23,783 | 182,579 | 0.13% | 63,821 | 175,537 |
Simon Hope (PDMR) | 3,693 | 3,271 | 190,789 | 0.13% | 5,652 | 18,781 |
Chris Lee (PDMR) | 7,122 | 6,343 | 112,138 | 0.08% | 13,329 | 37,851 |
Christian Mancini (PDMR) | 8,183 | n/a | 112,407 | 0.08% | 7,974 | 26,789 |
Mitchell Rudin (PDMR) | n/a | n/a | 34,158 | 0.02% | 12,811 | 184,756 |
James Sparrow (PDMR) | n/a | n/a | 58,798 | 0.04% | 35,681 | 69,140 |
Mitchell Steir (PDMR) | 5,187 | 5,644 | 52,500 | 0.04% | 21,488 | 46,033 |
The share price on disposal of shares to settle associated tax liabilities was £8.823376 per share.
All the above 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 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 person discharging managerial responsibilities/ person closely associated
| ||
(a) | Name | 1. Mark Ridley 2. Simon Shaw 3. Simon Hope 4. Chris Lee 5. Christian Mancini 6. Mitchell Rudin 7. James Sparrow 8. Mitchell Steir
| |
2. | Reason for the notification
| ||
(a) | Position/ status | 1. Group Chief Executive/ Director 2. Group Chief Financial Officer/ Director 3. Global Head of Capital Markets/ PDMR 4. Group Legal Director and Company Secretary/ PDMR 5. Chief Executive Officer Asia Pacific (ex-Greater China) / PDMR 6. President, Savills US / PDMR 7. Chief Executive Officer UK & EMEA/ PDMR 8. Chairman and CEO - Savills North America/ 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
| Awards over Savills plc Ordinary Shares of 2.5p each | |
(b) | Identification code of the Financial Instrument
| GB00B135BJ46 | |
(c) | Nature of the transaction
| Vesting of awards under the Company's Deferred Share Plans and sale of shares to settle associated tax liabilities | |
(d) | Price(s) and volume(s)
| Price(s) | Volume(s)
|
Number of Shares Transferred at nil cost by Trustee to Director / PDMR
| 1. 27,360 2. 26,715 3. 3,693 4. 7,122 5. 8,183 6. n/a 7. n/a 8. 5,187
| ||
Number of Shares sold by Trustee to settle tax liabilities at £8.823376 per share
| 1. 24,357 2. 23,783 3. 3,271 4. 6,343 5. n/a 6. n/a 7. n/a 8. 5,644
| ||
(e) | Aggregated information
- Aggregated volume - Price
| N/A
| |
(f) | Date of the transaction
| 27 April 2020 | |
(g) | Place of the transaction
| Outside a trading venue | |
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
| Awards over Savills plc Ordinary Shares of 2.5p each | |
(b) | Identification code of the Financial Instrument
| GB00B135BJ46 | |
(c) | Nature of the transaction
| Grant of awards over Ordinary Shares in accordance with the Company's Deferred Share Bonus Plan ('DSBP')
| |
(d) | Price(s) and volume(s)
| Price(s) | Volume(s)
|
£nil per share
| 1. 85,446 2. 63,821 3. 5,652 4. 13,329 5. 7,974 6. 12,811 7. 35,681 8. 21,488
| ||
(e) | Aggregated information
- Aggregated volume - Price
| N/A
| |
(f) | Date of the transaction
| 27 April 2020 | |
(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
28 April 2020
Savills (SVS)