Savills PLC Director/PDMR Shareholding (0503H)

TIDMSVS

RNS Number : 0503H

Savills PLC

20 March 2020

SAVILLS PLC (THE "COMPANY")

TRANSACTION IN SHARES BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR)

Vesting of Share Award

An award made on 14 March 2016 over ordinary shares of the Company under the Company's Deferred Share Bonus Plan has become unconditional in all respects following the end of its Deferred Period on 14 March 2020. In satisfaction of the award, the Trustee of The Savills plc 1992 Employee Benefit Trust ("Trustee") effected the transfer of shares, following the settlement of associated tax liabilities through the sale of shares which completed on 19 March 2020, to a PDMR of the Company as follows:-

 
 PDMR                Number of Shares   Number of Shares   PDMR Shareholding        Shareholding   Beneficial interest 
                          Transferred    sold by Trustee      following this    as a % of issued    under the Deferred 
                   to PDMR by Trustee      to settle tax        notification       share capital           Share Plans 
                                             liabilities                                                     following 
                                                                                                     this notification 
 James Sparrow                  2,902              2,585              58,780                0.04                33,459 
                 --------------------  -----------------  ------------------  ------------------  -------------------- 
 

The share price on disposal of the shares to settle associated tax liabilities was GBP6.655915 per share.

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                                   James Sparrow 
       -------------------------------------  ---------------------------------------- 
 2.     Reason for the notification 
       ------------------------------------------------------------------------------- 
 (a)    Position/ status                       CEO, Savills UK & EMEA/ 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                     Savills plc Ordinary Shares of 2.5p 
         Financial Instrument                   each 
       -------------------------------------  ---------------------------------------- 
 (b)    Identification code                    GB00B135BJ46 
         of the Financial 
         Instrument 
       -------------------------------------  ---------------------------------------- 
 (c)    Nature of the transaction              Vesting of award under the Company's 
                                                Deferred Share Bonus Plan and sale 
                                                of shares to settle associated tax 
                                                liabilities 
       -------------------------------------  ---------------------------------------- 
 (d)    Price(s) and volume(s)                 Price(s)                      Volume(s) 
       -------------------------------------  ----------------------------  ---------- 
   Number of Shares 
    Transferred at nil 
    cost by Trustee 
    to PDMR                                                                  2,902 
  ------------------------------------------------------------------------  ---------- 
   Number of Shares 
    sold by Trustee 
    to settle tax liabilities 
    GBP6.655915 per 
    share                                                                    2,585 
  ------------------------------------------------------------------------  ---------- 
 (e)               Aggregated information      N/A 
 
                     *    Aggregated volume 
 
 
                     *    Price 
       -------------------------------------  ---------------------------------------- 
 (f)    Date of Transaction                    19 March 2020 
       -------------------------------------  ---------------------------------------- 
 (g)    Place of the transaction               London Stock Exchange (XLON) 
       -------------------------------------  ---------------------------------------- 
 

Name of contact and telephone number for queries:

Chris Lee

Group Legal Director & Company Secretary

020 3107 5444

20 March 2020

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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March 20, 2020 09:40 ET (13:40 GMT)