Director/PDMR Shareholding

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

 

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