Last checked at 4 Mar 2019 13:36
4 March 2019
Persimmon Plc (the "Company")
Director/PDMR Shareholding
On 1 March 2019, Dave Jenkinson, Group Chief Executive, and Mike Killoran, Group Finance Director, exercised awards under the Company's 2012 Long Term Incentive Plan ("2012 LTIP") and the Company's Bonus Share Scheme.
2012 LTIP
Dave Jenkinson and Mike Killoran received 384,677 and 537,801 shares respectively, both net of their respective income tax and national insurance liabilities. Neither Dave Jenkinson nor Mike Killoran sold any of the shares acquired on 1 March 2019 under the 2012 LTIP.
Under the rules of the 2012 LTIP Dave Jenkinson is required to hold 50% of the shares received for at least twelve months. Consequently, Dave Jenkinson will hold a minimum of 192,338 of these shares until at least 29 February 2020.
As previously announced, Mike Killoran 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, Mike Killoran will hold a minimum of 268,900 of these shares until at least 6 July 2021.
Bonus Share Scheme
Dave Jenkinson and Mike Killoran exercised options over shares awarded to them under the Company's Bonus Share Scheme for bonus earned for the 2016 and 2017 financial years. Also on 1 March 2019, Dave Jenkinson and Mike Killoran sold ordinary shares in the Company to settle tax liabilities arising on the exercise of these Bonus Share Scheme options.
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 | Dave Jenkinson |
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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 | 725,807 |
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d)
| Aggregated information |
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- Aggregated volume | N/A Single transaction |
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- Price | N/A |
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e)
| Date of the transaction
| 01/03/2019 |
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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 options 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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£24.33 | 341,130 |
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d)
| Aggregated information |
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- Aggregated volume | N/A Single transaction |
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- Price | N/A |
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e)
| Date of the transaction
| 01/03/2019 |
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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 | 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 |
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c)
| Price(s) and volume(s) |
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Price(s) | Volume(s) |
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Nil | 1,014,720 |
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|
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d)
| Aggregated information |
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- Aggregated volume | N/A Single transaction |
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| ||||||||||
- Price | N/A |
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| ||||||||||
e)
| Date of the transaction
| 01/03/2019 |
| |||||||
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 |
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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 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) |
| ||||||||
£24.33 | 476,919 |
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d)
| Aggregated information |
| ||||||||
| ||||||||||
- Aggregated volume | N/A Single transaction |
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| ||||||||||
- Price | N/A |
| ||||||||
| ||||||||||
e)
| Date of the transaction
| 01/03/2019 |
| |||||||
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
| Dave Jenkinson | |||
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 following exercise of options under the Persimmon Plc Annual Bonus Share Scheme | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 10,240 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A Single transaction | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 01/03/2019 | |||
f)
| Place of the transaction
| Outside of a main market | |||
Transaction 2 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each | |||
Identification code | GB0006825383 | ||||
b)
| Nature of the transaction
| Sale of shares to meet tax and commission charges (balance shares retained) following exercise of Awards under the Persimmon Plc Annual Bonus Share Scheme | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£24.4433 | 5,120 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A Single transaction | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 01/03/2019 | |||
f)
| Place of the transaction
| London Stock Exchange (XLON); 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 following exercise of options under the Persimmon Plc Annual Bonus Share Scheme | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 10,175 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A Single transaction | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 01/03/2019 | |||
f)
| Place of the transaction
| Outside of a main market | |||
Transaction 2 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each | |||
Identification code | GB0006825383 | ||||
b)
| Nature of the transaction
| Sale of shares to meet tax and commission charges (balance shares retained) following exercise of Awards under the Persimmon Plc Annual Bonus Share Scheme | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£24.4433 | 5,088 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A Single transaction | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 01/03/2019 | |||
f)
| Place of the transaction
| London Stock Exchange (XLON); Main Market | |||
Tracy Davison
Company Secretary