Last checked at 19 Apr 2013 15:32
19 April 2013
LTIP AWARDS
Persimmon Plc ("the Company") announces that on 19 April 2013 the following share option awards were made to executive directors under the Persimmon Plc 2012 Long Term Incentive Plan (the "Plan").
Name | Number of ordinary shares | Initial Option Exercise Price |
J Fairburn | 2,174,400 | £11.09 |
N P Greenaway | 130,000 | £11.09 |
These awards are subject to the performance condition set out in the rules of the Plan, in summary being the return of £6.20 to shareholders by the end of 2021. The awards will vest up to 40% in December 2017 and the remainder in 2021.
The Company also announces that on 19 April 2013 the following awards of ordinary shares were made to executive directors under the Company's Bonus Share Scheme.
Name | Number of ordinary shares | Option Exercise Price |
J Fairburn | 21,020 | Nil |
M H Killoran | 25,779 | Nil |
These awards represent annual bonus earned by the Director in excess of 100% of annual salary and will vest half on the announcement of the Company's 2013 Final Results and half on the announcement of the Company's 2014 results.
As a result of the above, the directors hold options/awards over the following number of ordinary shares granted under the Company's various share schemes:-
Name | Number of shares |
J Fairburn | 4,726,979 |
M H Killoran | 3,572,217 |
N P Greenaway | 1,717,433 |
The issued share capital of the Company on 19 April 2013 is 303,835,755 ordinary shares.
G N Francis
Group Company Secretary