Director/PDMR Shareholding

RNS Number : 0372J

Persimmon PLC

31 March 2015

 

31 March 2015

Persimmon Plc (the 'Company')

RETURN OF CASH TO SHAREHOLDERS UNDER B/C SHARE SCHEME

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND CONNECTED PERSONS

The Company was notified on 30 March 2015 by its Directors that on that day they and their connected persons acquired interests in B Shares and C Shares under the Return of Cash as follows:-

Name of Director/ Connected Person	No of B Shares of 95 pence each	Percentage of issued B Shares	No of C Shares of 0.0001 pence each	Percentage of issued C Shares
Jeff Fairburn	82,341	0.08%	11,916	<0.01%
Jayne Fairburn	51,086	0.05%	17,397	<0.01%
H & A Fairburn*	Nil	Nil	822	<0.01%
Mike Killoran	639,837	0.61%	Nil	Nil
Jacqueline Flanigan**	20,817	0.02%	Nil	Nil
Nigel Greenaway	69,608	0.07%	Nil	Nil
David Jenkinson	32,153	0.03%	986	<0.01%
Nicholas Wrigley	36,000	0.03%	Nil	Nil
Suzanne Pennycook***	643	<0.01%	Nil	Nil
Jonathan Davie	Nil	Nil	20,000	0.01%
Mark Preston	Nil	Nil	500	<0.01%
Marion Sears	5,648	<0.01%	4,352	<0.01%

*Sons of Jeff Fairburn and connected persons     **Wife of Mike Killoran             ***Wife of Richard Pennycook

Jeff Fairburn and Jayne Fairburn have a non-beneficial interest in 48,360 C Shares (being 0.02% of the issued C Shares). Mike Killoran and Jacqueline Flanigan have a non-beneficial interest in 64,022 C Shares (being 0.03% of the issued C Shares).

Each B Share will be redeemed by the Company for 95 pence on 2 April 2015 and the proceeds of the redemption will be sent to Shareholders, or CREST accounts will be credited, by 2 April 2015. Each such B Share will be cancelled on redemption.

A single dividend of 95 pence will become payable on each C Share on 2 April 2015. Once the C Share Dividend has been paid, each C Share will be reclassified as a Deferred Share which will carry extremely limited rights and will have negligible value.  The Company expects to purchase all of the Deferred Shares for an aggregate consideration of one penny and then cancel the Deferred Shares in April 2015. Shareholders will not be entitled to have any part of the one penny aggregate consideration paid to them.

Capitalised terms in this announcement shall have the same meaning ascribed to them as in the Circular published by the Company on 24 February 2015 in relation to the proposed Return of Cash. The circular is available on the Company's website at http://corporate.persimmonhomes.com/investors/shareholder-information/meeting-information

As at 31 March 2015 the issued share capital of the Company was 306,540,439 ordinary shares of 10 pence each, 104,977,184 B Shares of 95 pence each and 201,548,311 C Shares of 0.0001 pence each.

G N Francis

Group Company Secretary

 

END

 

 

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