Last checked at 17 Oct 2019 14:39
17 October 2019
Persimmon Plc (the "Company")
Director/PDMR Shareholding
On 15 October 2019, Dave Jenkinson, Group Chief Executive, exercised an award under the Company's 2012 Long Term Incentive Plan ("2012 LTIP").
Dave Jenkinson received 217,874 shares, net of income tax and national insurance liabilities.
Dave Jenkinson has not sold any of the shares received.
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 108,937 of these shares until at least 15 October 2020.
Following this transaction the total interests in the Company of Dave Jenkinson and his Closely Associated Persons have increased to 781,124 shares.
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 | 411,084 |
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d)
| Aggregated information |
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- Aggregated volume | N/A Single transaction |
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- Price | N/A Single transaction |
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e)
| Date of the transaction
| 15/10/2019 |
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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
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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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£23.80 | 193,210 |
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d)
| Aggregated information |
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- Aggregated volume | N/A Single transaction |
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- Price | N/A Single transaction |
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e)
| Date of the transaction
| 15/10/2019 |
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f)
| Place of the transaction
| Outside of a main market |
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Tracy Davison
Company Secretary