Director/PDMR Shareholding

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

 

END

 

 

DSHEAAAXEEAPFFF