RNS Number : 8441J
Persimmon PLC
07 December 2018
 

7 December 2018

Persimmon Plc (the "Company")

 

Director/PDMR Shareholding

 

 

On 6 December 2018, Jeff Fairburn, Group Chief Executive, exercised awards under the Company's 2012 Long Term Incentive Plan ("2012 LTIP")

Jeff Fairburn received 1,177,909 shares, net of the option exercise price (where applicable) and income tax and National Insurance liabilities.

Jeff Fairburn has not sold any of the shares received.

 

As previously announced, Jeff Fairburn has agreed to extend until 6 July 2021 the holding period applying to 50% of any shares under any second vest other than shares sold to cover tax liabilities. Consequently Jeff Fairburn will hold 404,625 of the shares acquired on 6 December 2018 until 6 July 2021. A further 184,329 shares, which relate to the first vest of the 2012 LTIP, must be held until 6 December 2019.

 

Following this transaction the total interests in the Company of Jeff Fairburn and his Closely Associated Persons have increased to 1,888,239 shares.

 

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 options under the Persimmon Plc 2012 Long Term Incentive Plan

 

c)

 

Price(s) and volume(s)





 



Price(s)

Volume(s)


 



Nil

1,449,600


 



Nil

772,871


 



 

 



 

d)

 

Aggregated information


 



 

- Aggregated volume

2,222,471

 



 

- Price

Nil

 



 

e)

 

Date of the transaction

 

06/12/2018

 

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 options under the 2012 LTIP in satisfaction of the tax liability arising on the exercise. 

 

c)

 

Price(s) and volume(s)





 



Price(s)

Volume(s)


 



£19.425

681,312


 



£19.425

363,250


 






 

d)

 

Aggregated information


 



 

- Aggregated volume

1,044,562

 



 

- Price

£19.425

 



 

e)

 

Date of the transaction

 

06/12/2018

 

f)

 

Place of the transaction

 

Outside of a main market

 

 

 

Tracy Davison

Company Secretary


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