Director/PDMR Shareholding

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                            

 

END

 

 

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