Director/PDMR Shareholding
Savills PLC announced that Director Nick Sanderson's award under the Deferred Share Plan has vested, resulting in the transfer of 42,122 shares after 37,531 shares were sold at £10.24 each to cover associated tax liabilities. Following this transaction, Mr. Sanderson holds 54,031 Savills shares, representing 0.03% of the issued share capital. These shares are subject to a further two-year holding period ending July 6, 2028, and the award was granted to replace forfeited shares from his previous employer.
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Further to the announcement made on 18 June 2026 confirming the grant of awards to Director Nick Sanderson on 17 June 2026 to replace restricted share awards forfeited by him when he left his previous employer, Great Portland Estates plc ('GPE') to take up his appointment as the Company's Group Chief Financial Officer, one of these awards, being the award over 79,653 Savills shares with a Deferred Period ending on 6 July 2026, has now become unconditional in all respects. This Deferred Period was the same as that which applied to the original GPE restricted share plan award. The shares transferred to Mr Sanderson, after settlement of associated tax liabilities, as detailed below are subject to a further two-year holding period ending 6 July 2028.
In satisfaction of the award, the Trustees of the Savills plc 1992 Employee Benefit Trust have effected the transfer of shares on 4 September 2026, following the settlement of associated tax liabilities through the sale of shares as follows:
| Director | Number of shares transferred | Number of shares disposed to cover tax liabilities associated with award vesting | Shareholding following this notification | Shareholding as a % of issued share capital |
|---|---|---|---|---|
| Nick Sanderson (Director) | 42,122 | 37,531 (shares sold to cover tax liabilities associated with award vesting only) | 54,031 | 0.03% |
The share price on disposal of shares to cover tax liabilities associated with award vesting was £10.24 per share.
As above, the Savills award which has now vested was granted to replace a restricted share plan award forfeited by Mr Sanderson when he left GPE and is consistent with the Savills Directors' Remuneration Policy and is as disclosed in the Directors' Remuneration Report in the 2025 Savills plc Report & Accounts.
| 1. | Details of the Director/ PDMR | ||
| (a) | Name | Nick Sanderson (Director) | |
| 2. | Reason for the notification | ||
| (a) | Position/ status | Group Chief Financial Officer | |
| (b) | Initial notification/ Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (a) | Name | Savills plc | |
| (b) | LEI | 213800WXICGMBWHTA933 | |
| (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 | Vesting of an award under the Company's Deferred Share Plan (No.2 Plan) and sale of shares to cover tax liabilities associated with award vesting only | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Acquisition £nil per share Disposal (to cover tax liabilities associated with award vesting only) £10.24 per share | 79,653 37,531 | ||
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 4 September 2026 | |
| (g) | Place of the transaction | Vesting of awards - Outside a trading venue Sale of shares to cover tax liabilities associated with award vesting only - London Stock Exchange |
Name of contact and telephone number for queries:
Chris Lee
Group Legal Director & Company Secretary
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.