Director/PDMR Shareholding

RNS Number : 9801M
Savills PLC
26 May 2022
 

SAVILLS PLC (THE "COMPANY")

TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)

 

Vesting of Share Awards

 

On 26 May 2022, ordinary shares of the Company have been allotted to Directors and PDMRs of the Company as follows in satisfaction of the partial vesting of Awards made on 22 May 2017 under the Performance Share Plan:-

 

Director / PDMR

Number of Shares Transferred

Number of Shares Disposed

Shareholding following this notification

Shareholding as a % of issued share capital

Beneficial interest under the Performance Share Plan following this notification

Mark Ridley (Director)

26,830

26,830

231,854  

0.16

242,453

Simon Shaw (Director)

26,830

26,830

182,579

0.13

188,176

Chris Lee (PDMR)

7,985

7,985

119,000

0.08

95,690

 

The share price on disposal of all shares was £10.952661 per share.

 

The balance of the Awards made on 22 May 2017 have lapsed.

 

On 25 May 2022 the grant of an award has been made under The Schedule to The Savills Deferred Share Plan to a PDMR based in the United States of America as follows:-

 

PDMR

Number of shares subject to the Savills Deferred Share Plan awarded to the PDMR on 25 May 2022

Resulting beneficial interest under the Savills Deferred Share Plan

David Lipson

25,847

127,017

 

20% of the above award will vest on 18 April 2023, being the anniversary of the programme's original inception, and then 20% on each of the subsequent four anniversaries of that date subject to continued employment and satisfaction of performance criteria relating to gross billings.

 

The award is subject to rolled-up dividend shares whereby the number of shares awarded shall be increased on the vesting dates to reflect final and interim dividends declared during the Deferred Periods.

 

 

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 Director/ PDMR

 

(a)

Name

1.  Mark Ridley

2.  Simon Shaw

3.  Chris Lee

4.  David Lipson

 

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

4.  President - 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

 

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 Performance Share Plan and sale of resultant shares for persons 1 - 3

 

(d)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Acquisition

£0.025 per share

 

1.  26,830

2.  26,830

3.  7,985

 

Disposal

£10.952661 per share

1.  26,830

2.  26,830

3.  7,985

 

(e)

Aggregated information

 

Aggregated volume

Price

 

N/A

 

 

(f)

Date of the transaction

 

26 May 2022

(g)

Place of the transaction

 

London Stock Exchange (XLON)

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

Award over Savills plc Ordinary Shares in accordance with the Company's Deferred Share Plan

 

(b)

Identification code of the Financial instrument

GB00B135BJ46

(c)

Nature of the transaction

Grant of an award over Ordinary Shares in accordance with the Company's Deferred Share Plan in respect of David Lipson

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil per share

25,847

(d)

Aggregated information

 

Aggregated volume

Price

N/A

(f)

Date of the transaction

25 May 2022

(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

 

26 May 2022  

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