Last checked at 25 Jun 2014 16:27
25 June 2014
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 24 June 2014 by its Directors that on 23 June 2014 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 70 pence each | Percentage of issued B Shares | No of C Shares of 0.0001 pence each | Percentage of issued C Shares |
Jeff Fairburn | 123,604 | 0.14% | 9,451 | |
Jayne Fairburn | Nil | Nil | 67,637 | 0.03% |
H & A Fairburn* | Nil | Nil | 822 | |
Mike Killoran | 698,929 | 0.82% | 4,842 | |
Jacqueline Flanigan** | 17,971 | 0.02% | 2,846 | |
Nigel Greenaway | 63,557 | 0.07% | Nil | Nil |
David Jenkinson | 34,782 | 0.04% | 1,666 | |
Nicholas Wrigley | 36,000 | 0.04% | Nil | Nil |
Suzanne Pennycook*** | Nil | Nil | 643 | |
Jonathan Davie | 10,000 | 0.01% | 10,000 | |
Mark Preston | 500 | Nil | Nil | |
Marion Sears | 5,648 | 4,352 |
*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 0.023%% 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 70 pence on 4 July 2014 and the proceeds of the redemption will be sent to Shareholders, or CREST accounts will be credited, by 4 July 2014. Each such B Share will be cancelled on redemption.
A single dividend of 70 pence will become payable on each C Share on 4 July 2014. 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 the Deferred Shares for an aggregate consideration of one penny and then cancel the Deferred Shares in July 2014. 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 17 March 2014 in relation to the proposed Return of Cash. The circular is available on the Company's website at www.corporate.persimmonhomes.com/investor/shareholder/gminfo/2014.aspx
As at 24 June 2014 the issued share capital of the Company was 305,845,520 ordinary shares of 10 pence each, 85,725,061 B Shares of 70 pence each and 220,072,490 C Shares of 0.0001 pence each.
G N Francis
Group Company Secretary