Last checked at 13 Jun 2018 10:14
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
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a)
| Name | Jeff Fairburn |
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2
| Reason for the notification
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a)
| Position/status
| Group Chief Executive |
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b)
| Initial notification /Amendment
| Initial notification |
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3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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a)
| Name
| Persimmon Plc |
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b)
| LEI
| 213800XI72Y57UWN6F31 |
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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
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Transaction 1 |
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each |
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Identification code | GB0006825383 |
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b)
| Nature of the transaction
| Acquisition of shares pursuant to the exercise of an option under the Persimmon Plc 2012 Long Term Incentive Plan |
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c)
| Price(s) and volume(s) |
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Price(s) | Volume(s) |
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Nil | 963,020 |
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d)
| Aggregated information | N/a single transaction |
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 11/06/2018 |
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f)
| Place of the transaction
| Outside of a main market |
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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
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Transaction 2 | ||||||||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each
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Identification code | GB0006825383 |
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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. |
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c)
| Price(s) and volume(s) |
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Price(s) | Volume(s) |
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£28.60 | 452,620 |
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d)
| Aggregated information | N/A Single transaction |
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 11/06/2018 |
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f)
| Place of the transaction
| Outside of a main market |
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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
|
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Transaction 3 |
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each |
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Identification code | GB0006825383 |
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b)
| Nature of the transaction
| Transfer of shares to spouse |
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c)
| Price(s) and volume(s) |
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Price(s) | Volume(s) |
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Nil | 117,865 |
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d)
| Aggregated information | N/a single transaction |
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 11/06/2018 |
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f)
| Place of the transaction
| Outside of a main market |
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1
| Details of the person discharging managerial responsibilities / person closely associated
|
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a)
| Name | Mike Killoran |
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2
| Reason for the notification
|
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a)
| Position/status
| Group Finance Director |
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b)
| Initial notification /Amendment
| Initial notification |
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3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
| ||||||||
a)
| Name
| Persimmon Plc |
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b)
| LEI
| 213800XI72Y57UWN6F31 |
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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 |
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c)
| Price(s) and volume(s) |
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Price(s) | Volume(s) |
| ||||||||
Nil | 1,348,229 |
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d)
| Aggregated information | N/a single transaction |
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 11/06/2018 |
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f)
| Place of the transaction
| Outside of a main market |
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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
|
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| ||||||||||
Identification code | GB0006825383 |
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| ||||||||||
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 |
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d)
| Aggregated information | N/A Single transaction |
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 11/06/2018 |
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f)
| Place of the transaction
| Outside of a main market |
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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