Savills PLC Director/PDMR Shareholding (0503H)
March 20 2020 - 8:40AM
UK Regulatory
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 rns@lseg.com or visit www.rns.com.
END
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