Director/PDMR Shareholding

RNS Number : 7748R

Persimmon PLC

04 March 2019

 

4 March 2019

Persimmon Plc (the "Company")

Director/PDMR Shareholding

On 1 March 2019, Dave Jenkinson, Group Chief Executive, and Mike Killoran, Group Finance Director, exercised awards under the Company's 2012 Long Term Incentive Plan ("2012 LTIP") and the Company's Bonus Share Scheme.

2012 LTIP

Dave Jenkinson and Mike Killoran received 384,677 and 537,801 shares respectively, both net of their respective income tax and national insurance liabilities.   Neither Dave Jenkinson nor Mike Killoran sold any of the shares acquired on 1 March 2019 under the 2012 LTIP.

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 192,338 of these shares until at least 29 February 2020.

As previously announced, Mike Killoran has agreed to extend until 6 July 2021 the holding period applying to 50% of any shares under any second vest other than shares sold to cover tax liabilities. Consequently, Mike Killoran will hold a minimum of 268,900 of these shares until at least 6 July 2021. 

Bonus Share Scheme

Dave Jenkinson and Mike Killoran exercised options over shares awarded to them under the Company's Bonus Share Scheme for bonus earned for the 2016 and 2017 financial years. Also on 1 March 2019, Dave Jenkinson and Mike Killoran sold ordinary shares in the Company to settle tax liabilities arising on the exercise of these Bonus Share Scheme options.

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
a)		Name		Dave Jenkinson
2		Reason for the notification
a)		Position/status		Group Chief Executive
b)		Initial notification /Amendment		Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name		Persimmon Plc
b)		LEI		213800XI72Y57UWN6F31
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
		Transaction 1
a)		Description of the financial instrument, type of instrument		Ordinary shares of 10p each
		Identification code		GB0006825383
b)		Nature of the transaction		Acquisition of shares pursuant to the exercise of an option under the Persimmon Plc 2012 Long Term Incentive Plan
c)		Price(s) and volume(s)
					Price(s)		Volume(s)
					Nil		725,807
d)		Aggregated information
		- Aggregated volume		N/A Single transaction
		- Price		N/A
e)		Date of the transaction		01/03/2019
f)		Place of the transaction		Outside of a main market
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
	Transaction 2
a)		Description of the financial instrument, type of instrument			Ordinary shares of 10p each
		Identification code			GB0006825383
b)		Nature of the transaction			Transfer to the company's employee benefit trust of shares acquired pursuant to the exercise of options under the 2012 LTIP in satisfaction of the tax liability arising on the exercise.
c)		Price(s) and volume(s)
						Price(s)		Volume(s)
						£24.33		341,130
d)		Aggregated information
		- Aggregated volume			N/A Single transaction
		- Price			N/A
e)		Date of the transaction			01/03/2019
f)		Place of the transaction			Outside of a main market

1		Details of the person discharging managerial responsibilities / person closely associated
a)		Name		Mike Killoran
2		Reason for the notification
a)		Position/status		Group Finance Director
b)		Initial notification /Amendment		Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name		Persimmon Plc
b)		LEI		213800XI72Y57UWN6F31
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
		Transaction 1
a)		Description of the financial instrument, type of instrument		Ordinary shares of 10p each
		Identification code		GB0006825383
b)		Nature of the transaction		Acquisition of shares pursuant to the exercise of an option under the Persimmon Plc 2012 Long Term Incentive Plan
c)		Price(s) and volume(s)
					Price(s)		Volume(s)
					Nil		1,014,720
d)		Aggregated information
		- Aggregated volume		N/A Single transaction
		- Price		N/A
e)		Date of the transaction		01/03/2019
f)		Place of the transaction		Outside of a main market
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
	Transaction 2
a)		Description of the financial instrument, type of instrument			Ordinary shares of 10p each
		Identification code			GB0006825383
b)		Nature of the transaction			Transfer to the company's employee benefit trust of shares acquired pursuant to the exercise of options under the 2012 LTIP in satisfaction of the tax liability arising on the exercise.
c)		Price(s) and volume(s)
						Price(s)		Volume(s)
						£24.33		476,919
d)		Aggregated information
		- Aggregated volume			N/A Single transaction
		- Price			N/A
e)		Date of the transaction			01/03/2019
f)		Place of the transaction			Outside of a main market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dave Jenkinson
2	Reason for the notification
a)	Position/status	Group Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Persimmon Plc
b)	LEI	213800XI72Y57UWN6F31
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
	Transaction 1
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each
	Identification code	GB0006825383
b)	Nature of the transaction	Acquisition of shares following exercise of options under the Persimmon Plc Annual Bonus Share Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	10,240
d)	Aggregated information
	- Aggregated volume	N/A Single transaction
	- Price	N/A
e)	Date of the transaction	01/03/2019
f)	Place of the transaction	Outside of a main market
	Transaction 2
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each
	Identification code	GB0006825383
b)	Nature of the transaction	Sale of shares to meet tax and commission charges (balance shares retained) following exercise of Awards under the Persimmon Plc Annual Bonus Share Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£24.4433	5,120
d)	Aggregated information
	- Aggregated volume	N/A Single transaction
	- Price	N/A
e)	Date of the transaction	01/03/2019
f)	Place of the transaction	London Stock Exchange (XLON); Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Killoran
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Persimmon Plc
b)	LEI	213800XI72Y57UWN6F31
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
	Transaction 1
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each
	Identification code	GB0006825383
b)	Nature of the transaction	Acquisition of shares following exercise of options under the Persimmon Plc Annual Bonus Share Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	10,175
d)	Aggregated information
	- Aggregated volume	N/A Single transaction
	- Price	N/A
e)	Date of the transaction	01/03/2019
f)	Place of the transaction	Outside of a main market
	Transaction 2
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each
	Identification code	GB0006825383
b)	Nature of the transaction	Sale of shares to meet tax and commission charges (balance shares retained) following exercise of Awards under the Persimmon Plc Annual Bonus Share Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£24.4433	5,088
d)	Aggregated information
	- Aggregated volume	N/A Single transaction
	- Price	N/A
e)	Date of the transaction	01/03/2019
f)	Place of the transaction	London Stock Exchange (XLON); Main Market

Tracy Davison

Company Secretary

 

END

 

 

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