Savills PLC Director/PDMR Shareholding (6239T)
November 25 2021 - 7:07AM
UK Regulatory
TIDMSVS
RNS Number : 6239T
Savills PLC
25 November 2021
SAVILLS PLC (THE 'COMPANY')
NOTIFICATION OF INTERESTS OF DIRECTORS/ PERSONS DISCHARGING
MANAGERIAL RESPONSIBILIES ('PDMRS')
Grant of Share Awards
The Company announces that on 25 November 2021 awards have been
made under The Savills plc Performance Share Plan (the "Performance
Share Plan") to Directors and PDMRS of the Company as follows:
Director / PDMR Number of Shares subject Total number of shares
to the Performance subject to the Performance
Share Plan awarded Share Plan following
to the Director / this notification
PDMR on 25 November
2021
Mark Ridley (Director) 41,933 209,473
------------------------- ----------------------------
Simon Shaw (Director) 32,054 168,602
------------------------- ----------------------------
Chris Lee (PDMR) 16,311 80,774
------------------------- ----------------------------
The Performance Share Plan provides for the award of nil cost
options or conditional awards of ordinary shares in the
Company.
Awards of shares are made subject to a three-year performance
period. Awards which satisfy the applicable performance criteria
(as below) in the three-year performance period will then vest
after an additional two-year holding period.
Awards vest subject to the satisfaction of the following
performance criteria measured over the three years to 31 December
2023:
(a) one-third 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) a further one-third of the initial value of an award is
subject to Group Earnings per Share ('EPS') performance; and
(c) the final one-third of the initial value of an award is
subject to the three year average Return on Capital Employed
('ROCE') of the Company.
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;
(b) for the EPS growth linked part of an award, 25% (i.e.
threshold) will vest if the the Company's EPS growth is 6% p.a.,
compound rising to 100% (i.e. maximum) if the Company's EPS growth
is 12% p.a., compound with sliding scale vesting between the two
points; and
(c) for the ROCE linked part of an award, 25% (i.e. threshold)
will vest if the Company's ROCE is 15% p.a., rising to 100% (i.e.
maximum) if the Company's ROCE is 25% p.a. or more; and with
straight-line vesting between the two points.
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. Chris Lee
------------------------------------ ------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------------
(a) Position/ status 1. Group Chief Executive/ Director
2. Group Chief Financial Officer/
Director
3. Group Legal Director and Company
Secretary/ PDMR
------------------------------------ ------------------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------------ ------------------------------------------------
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 Awards over Savills plc Ordinary Shares
Financial Instrument of 2.5p each
------------------------------------ ------------------------------------------------
(b) Identification code GB00B135BJ46
of the Financial
Instrument
------------------------------------ ------------------------------------------------
(c) Nature of the transaction Grant of awards over Ordinary Shares
in accordance with the Company's Performance
Share Plan
------------------------------------ ------------------------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------ ---------------- ------------------------------
GBPnil per 1. 41,933
share
2. 32,054
3. 16,311
------------------------------------ ---------------- ------------------------------
(e) Aggregated information N/A
* Aggregated volume
* Price
------------------------------------ ------------------------------------------------
(f) Date of the transaction 25 November 2021
------------------------------------ ------------------------------------------------
(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
25 November 2021
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END
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