REG - Persimmon Plc - Director/PDMR Shareholding
19/06/2024 15:00
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RNS Number : 1023T Persimmon PLC 19 June 2024
19 June 2024
Persimmon Plc (the "Company")
Director/PDMR Shareholding
Andrew Duxbury commenced his role as Chief Financial Officer of the Company on
17 June 2024.
On 18 June 2024, Andrew's wife Rachel Duxbury purchased 3,462 shares in the
Company at a price of £14.295 per share.
Furthermore, as reported in the Company's Directors' Remuneration Report for
the year ended 31 December 2023, in line with usual practice the Remuneration
Committee agreed that in recognition of Andrew's forfeiture of remuneration on
leaving his former employer, he would be granted buy-out awards. These have
been made on the basis that any compensation due should not result in an
outcome where Andrew receives more than would have been due had he remained in
post at Galliford Try. Information in relation to the principles applied in
agreeing the buy-out awards is included in that Directors' Remuneration
Report. Details of the buy-out awards granted in shares on 18 June 2024 are
summarised below.
Forfeited remuneration Number of Persimmon shares subject to the buy-out award Vesting date of buy-out award
2021 Deferred Bonus 12,353 23 September 2024
2022 Deferred Bonus 13,909 28 September 2025
2023 Deferred Bonus 3,998 27 September 2026
2021 LTIP 55,295 23 September 2024 (followed by a two year holding period)*
2022 LTIP 42,111 23 September 2025 (followed by a two year holding period)*
2023 LTIP 14,743 March 2026 (followed by a two and a half year holding period)**
*The vesting of these awards is subject to the satisfaction of the performance
conditions applying to the forfeited awards.
**The vesting of this award is subject to the satisfaction of the performance
conditions applying to the Persimmon Plc PSP award granted in 2023, details of
which are included in the Company's Directors' Remuneration Report for the
year ended 31 December 2023.
In addition, on 18 June 2024 an award was granted to Andrew over 73,376
shares, under the Persimmon Plc 2017 Performance Share Plan. The three year
performance period will run from 1 January 2024 to 31 December 2026 and there
is a further two year holding period before the shares can be released. The
award is subject to the same performance conditions as apply to the PSP award
granted to Dean Finch on 25 March 2024 and details of which are included in
the Company's 2023 Directors' Remuneration Report.
The below notification, made in accordance with the requirements of article
19.3 of the UK Market Abuse Regulation, gives further details:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rachel Duxbury
2 Reason for the notification
a) Position/status Closely associated person of Andrew Duxbury, Chief Financial Officer
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
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each
Identification code GB0006825383
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
£14.295 3,462
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price N/A Single transaction
e) Date of the transaction 18/06/2024
f) Place of the transaction London Stock Exchange (XLON), Main Market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Duxbury
2 Reason for the notification
a) Position/status Chief Financial Officer
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
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each
Identification code GB0006825383
b) Nature of the transaction Grant of award made under the 2017 Performance Share Plan subject to
performance criteria
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 73,376
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price N/A Single transaction
e) Date of the transaction 18/06/2024
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Andrew Duxbury
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer
a) Name Persimmon Plc
b) LEI code 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
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each
Identification code GB0006825383
b) Nature of the transaction Grant of awards over Persimmon shares in respect of remuneration forfeited on
leaving previous employer.
c) Price(s) and volume(s) Award Price Volume
Award granted in respect of 2021 deferred bonus Nil 12,353
Award granted in respect of 2022 deferred bonus Nil 13,909
Award granted in respect of 2023 deferred bonus Nil 3,998
Award granted in respect of 2021 LTIP Nil 55,295
Award granted in respect of 2022 LTIP Nil 42,111
Award granted in respect of 2023 LTIP Nil 14,743
d) Aggregated information
- Aggregated volume 142,409
- Price Nil
e) Date of the transaction 18 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
142,409
Nil
e)
Date of the transaction
18 June 2024
f)
Place of the transaction
Outside a trading venue
Tracy Davison
Company Secretary
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