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31 Mar 2015 15:24
31 March 2015
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 30 March 2015 by its Directors that on that day 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 95 pence each | Percentage of issued B Shares | No of C Shares of 0.0001 pence each | Percentage of issued C Shares |
Jeff Fairburn | 82,341 | 0.08% | 11,916 | |
Jayne Fairburn | 51,086 | 0.05% | 17,397 | |
H & A Fairburn* | Nil | Nil | 822 | |
Mike Killoran | 639,837 | 0.61% | Nil | Nil |
Jacqueline Flanigan** | 20,817 | 0.02% | Nil | Nil |
Nigel Greenaway | 69,608 | 0.07% | Nil | Nil |
David Jenkinson | 32,153 | 0.03% | 986 | |
Nicholas Wrigley | 36,000 | 0.03% | Nil | Nil |
Suzanne Pennycook*** | 643 | Nil | Nil | |
Jonathan Davie | Nil | Nil | 20,000 | 0.01% |
Mark Preston | Nil | Nil | 500 | |
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 0.02% 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 95 pence on 2 April 2015 and the proceeds of the redemption will be sent to Shareholders, or CREST accounts will be credited, by 2 April 2015. Each such B Share will be cancelled on redemption.
A single dividend of 95 pence will become payable on each C Share on 2 April 2015. 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 all of the Deferred Shares for an aggregate consideration of one penny and then cancel the Deferred Shares in April 2015. 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 24 February 2015 in relation to the proposed Return of Cash. The circular is available on the Company's website at http://corporate.persimmonhomes.com/investors/shareholder-information/meeting-information
As at 31 March 2015 the issued share capital of the Company was 306,540,439 ordinary shares of 10 pence each, 104,977,184 B Shares of 95 pence each and 201,548,311 C Shares of 0.0001 pence each.
G N Francis
Group Company Secretary
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