SAVILLS PLC (THE "COMPANY")
TRANSACTION IN SHARES BY DIRECTORS AND PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)
Grant of Share Awards
The Company announces that on 17 May
2024 awards have been made under to Directors and PDMRs of the
Company as follows under the Performance Share Plan:
|
Director / PDMR
|
Number of Shares subject to
the Performance Share Plan awarded to the Director / PDMR on 17 May
2024
|
Total number of shares
subject to the Performance Share Plan following this
notification
|
|
Mark Ridley (Director)
|
53,620
|
188,624
|
|
Simon Shaw (Director)
|
41,034
|
144,265
|
|
Chris Lee (PDMR)
|
20,754
|
73,052
|
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 to 31 December 2026:
(a) one-third 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) a further one-third of the
initial value of an award is subject to Group Earnings per Share
('EPS') performance; and
(c) the final one-third of the
initial value of an award is subject to the three-year average
Return on Capital Employed ('ROCE') of the Company.
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 or more with sliding
scale vesting between the two points;
(b) for the EPS growth linked part
of an award, 25% (i.e. threshold) will vest if the Company's EPS
growth over the period is 6% p.a., compound rising to 100% (i.e.
maximum) if the Company's EPS growth over the period is 20% p.a.,
compound or more with sliding scale vesting between the two points;
and
(c) for the ROCE linked part of an
award, 25% (i.e. threshold) will vest if the Company's ROCE is at
least 10% p.a., rising to 100% (i.e. maximum) if the Company's ROCE
is 20% p.a. or more; and with straight-line vesting between the two
points.
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
|
|
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
|
|
(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
|
Grant of awards over Ordinary Shares
in accordance with the Company's Performance Share Plan
|
|
(d)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
n/a
|
1.
53,620
2.
41,034
3.
20,754
|
|
(e)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
(f)
|
Date of the transaction
|
17 May 2024
|
|
(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
17 May 2024