RNS Number : 2620R
Persimmon PLC
13 June 2018
 

13 June 2018

Persimmon Plc (the "Company")

 

Director/PDMR Shareholding

 

 

On 11 June 2018, Jeff Fairburn, Group Chief Executive, and Mike Killoran, Group Finance Director, exercised awards under the Company's 2012 Long Term Incentive Plan ("2012 LTIP")

Jeff Fairburn and Mike Killoran received 510,400 and 714,561 shares respectively, both net of the applicable option exercise price and their respective income tax and National Insurance liabilities.

Neither Jeff Fairburn nor Mike Killoran sold any of the shares received. Under the rules of the 2012 LTIP, both are required to hold 50% of the shares received for at least twelve months.

 

Additionally, on 11 June 2018 Jeff Fairburn transferred 117,865 shares in the Company to his wife, Jayne Fairburn.

 

Following these transactions the total interests in the Company of Jeff Fairburn and Mike Killoran (and their Closely Associated Persons) have increased to 710,330 shares and 1,385,248 shares respectively.

 

The below notification, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, give further details:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

Jeff Fairburn

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

Group Chief Executive

 

b)

 

Initial notification /Amendment

 

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Persimmon Plc

 

b)

 

LEI

 

213800XI72Y57UWN6F31

 

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

 

 


Transaction 1


 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

 



 

Identification code

GB0006825383

 



 

b)

 

Nature of the transaction

 

 

Acquisition of shares pursuant to the exercise of an option under the Persimmon Plc 2012 Long Term Incentive Plan

 

c)

 

Price(s) and volume(s)





 



Price(s)

Volume(s)


 



Nil

963,020


 






 

d)

 

Aggregated information

N/a single transaction

 



 

- Aggregated volume


 



 

- Price


 



 

e)

 

Date of the transaction

 

11/06/2018

 

f)

 

Place of the transaction

 

Outside of a main market

 

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

 


Transaction 2


a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

 

 



 

Identification code

GB0006825383

 



 

b)

 

Nature of the transaction

 

 

Transfer to the company's employee benefit trust of shares acquired pursuant to the exercise of an option under the 2012 LTIP in satisfaction of the tax liability arising on the exercise. 

 

c)

 

Price(s) and volume(s)





 



Price(s)

Volume(s)


 



£28.60

452,620


 






 

d)

 

Aggregated information

N/A Single transaction

 



 

- Aggregated volume


 



 

- Price


 



 

e)

 

Date of the transaction

 

11/06/2018

 

f)

 

Place of the transaction

 

Outside of a main market

 

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

 

 


Transaction 3


 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

 



 

Identification code

GB0006825383

 



 

b)

 

Nature of the transaction

 

 

Transfer of shares to spouse

 

c)

 

Price(s) and volume(s)





 



Price(s)

Volume(s)


 



Nil

117,865


 






 

d)

 

Aggregated information

N/a single transaction

 



 

- Aggregated volume


 



 

- Price


 



 

e)

 

Date of the transaction

 

11/06/2018

 

f)

 

Place of the transaction

 

Outside of a main market

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

Mike Killoran

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

Group Finance Director

 

b)

 

Initial notification /Amendment

 

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Persimmon Plc

 

b)

 

LEI

 

213800XI72Y57UWN6F31

 

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

 

 


Transaction 1


 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

 



 

Identification code

GB0006825383

 



 

b)

 

Nature of the transaction

 

 

Acquisition of shares pursuant to the exercise of an option under the Persimmon Plc 2012 Long Term Incentive Plan

 

c)

 

Price(s) and volume(s)





 



Price(s)

Volume(s)


 



Nil

1,348,229


 






 

d)

 

Aggregated information

N/a single transaction

 



 

- Aggregated volume


 



 

- Price


 



 

e)

 

Date of the transaction

 

11/06/2018

 

f)

 

Place of the transaction

 

Outside of a main market

 

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

 


Transaction 2


a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

 

 



 

Identification code

GB0006825383

 



 

b)

 

Nature of the transaction

 

 

Transfer to the company's employee benefit trust of shares acquired pursuant to the exercise of an option under the 2012 LTIP in satisfaction of the tax liability arising on the exercise. 

 

c)

 

Price(s) and volume(s)





 



Price(s)

Volume(s)


 



£28.60

633,668


 






 

d)

 

Aggregated information

N/A Single transaction

 



 

- Aggregated volume


 



 

- Price


 



 

e)

 

Date of the transaction

 

11/06/2018

 

f)

 

Place of the transaction

 

Outside of a main market

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Jayne Fairburn

2

 

Reason for the notification

 

a)

 

Position/status

 

Closely associated person of Jeff Fairburn, Group Chief Executive

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Persimmon Plc

b)

 

LEI

 

213800XI72Y57UWN6F31

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

 


Transaction 1


a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 10p each



Identification code

GB0006825383



b)

 

Nature of the transaction

 

 

Acquisition of shares from spouse

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

117,865







d)

 

Aggregated information

N/a single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

11/06/2018

f)

 

Place of the transaction

 

Outside of a main market

 

Tracy Davison

Company Secretary


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