Savills PLC Director/PDMR Shareholding (8479F)

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RNS Number : 8479F

Savills PLC

22 May 2017

SAVILLS PLC (THE "COMPANY")

NOTIFICATION OF INTERESTS OF DIRECTORS/ PDMRs

Grant of Share Awards

The Company announces that on 22 May 2017 awards have been made under The Savills plc Performance Share Plan (the "Performance Share Plan") to Directors and other persons discharging managerial responsibilities ("PDMRs") as follows:-

 
 Director/ PDMR                Number of shares subject         Total number of shares 
                               to the Performance Share         subject to Performance 
                           Plan awarded to the Director    Share Plan Awards following 
                                  / PDMR on 22 May 2017              this notification 
-----------------------  ------------------------------  ----------------------------- 
 Jeremy Helsby 
  (Director)                                     62,393                        281,550 
-----------------------  ------------------------------  ----------------------------- 
 Chris Lee (PDMR)                                14,180                         67,775 
-----------------------  ------------------------------  ----------------------------- 
 Mark Ridley (PDMR)                              47,646                        154,837 
-----------------------  ------------------------------  ----------------------------- 
 Simon Shaw (Director)                           47,646                        167,032 
-----------------------  ------------------------------  ----------------------------- 
 

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 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.

22 May 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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May 22, 2017 07:25 ET (11:25 GMT)