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27 Feb 2015 14:58
27 February 2015
LTIP AWARDS
Persimmon Plc ("the Company") announces that on 26 February 2015 it granted an option to Jeff Fairburn, Group Chief Executive under the Persimmon Plc 2012 Long Term Incentive Plan (the Plan) over 241,600 shares at an option price of £16.84.
This award brings Jeff Fairburn's total award under the Plan to the maximum approved by shareholders for the Company's Chief Executive.
The award is subject to the performance condition set out in the rules of the Plan, in summary being the return of £6.20 per share to shareholders by the end of 2021. The awards may vest up to 40% in December 2017 and the remainder in 2021. As a result Jeff Fairburn holds options/awards over 4,865,165 ordinary shares granted under the Company's various share schemes.
The issued share capital of the Company on 27 February 2015 is 306,506,445 ordinary shares.
G N Francis
Group Company Secretary
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