Savills PLC Directors Remuneration Policy - Clarification (1469P)
June 05 2020 - 07:03AM
UK Regulatory
TIDMSVS
RNS Number : 1469P
Savills PLC
05 June 2020
Clarification in respect of the proposed Directors' Remuneration
Policy
The 2019 Annual Report includes the proposed directors'
remuneration policy for approval by shareholders at the AGM to be
held on 25 June.
Relatively few changes are proposed to the policy which were
discussed with our largest shareholders and their proxy advisers.
These changes are all highlighted in the Remuneration Committee
chairman's summary on pages 80-81 of the 2019 Annual Report. One of
these changes related to the narrowing of the bonus range with a
consequent increase in the amount of payment at threshold to
one-third of the maximum. This is also referenced in the overview
of the new policy on page 84 but not transcribed on to page 87
where the reference to the previous level of 25% was inadvertently
retained. This should be read as the intended one-third level. In
the narrowing of the range, the effect of the change is to make the
overall position more onerous.
Name of contact and telephone number for queries:
Chris Lee
Group Legal Director & Company Secretary
020 3107 5431
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