Savills PLC Director/PDMR Shareholding (8479F)
22 May 2017 - 9:25PM
UK Regulatory
TIDMSVS
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
END
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