REG - Persimmon Plc - Director/PDMR Shareholding

PersimmonAnnouncement

03/05/2023 16:15

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RNS Number : 3200Y  Persimmon PLC  03 May 2023

 

3 May 2023

Persimmon Plc (the "Company")

 

Director/PDMR Shareholding

 

 

Persimmon Plc announces that on 2 May 2023 awards were granted to Dean Finch,
Group Chief Executive, and Jason Windsor, Chief Financial Officer, for 105,341
and 95,219 shares respectively, under the Persimmon Plc 2017 Performance Share
Plan. The three year performance period will run from 1 January 2023 to 31
December 2025 and there is a further two year holding period before
the shares can be released to the Executive Directors.

 

The performance condition for the awards consists of four metrics; relative
TSR (35%); cash generation (35%); customer care (20%) and carbon reduction
(10%). The TSR and customer care performance measures were disclosed in the
2022 Directors' Remuneration Report. The cash generation and carbon reduction
performance measures are set out below:

 

 Performance measure                                                         Threshold                              Target                                 Maximum

                                                                             (25% vesting)                          (50% vesting)                          (100% vesting)
 Average pre-land cash generation* over the three year performance period    £428m                                  £503m                                  £579m
 Scope 1 & 2 carbon emissions per home completed for the year ending 31      1.69 tonnes CO(2)e per home completed  1.68 tonnes CO(2)e per home completed  1.67 tonnes CO(2)e per home completed
 December 2025

 

*Net cash inflow before dividends, net land payments and legacy buildings
provision spend.

 

A ROCE underpin has been maintained for the pre-land cash measure.

 

Full details will be disclosed in the 2023 Directors' Remuneration Report.

 

The below notification, made in accordance with the requirements of article
19.3 of the Market Abuse Regulation, gives further details:

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Dean Finch

 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                                    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               105,341

 d)   Aggregated information

      - Aggregated volume                                          N/A Single transaction

      - Price                                                      N/A Single transaction

 e)   Date of the transaction                                      2 May 2023

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Jason Windsor

 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

      Transaction 1
 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               95,219

 d)   Aggregated information

      - Aggregated volume                                          N/A Single transaction

      - Price                                                      N/A Single transaction

 e)   Date of the transaction                                      2 May 2023

 

Tracy Davison

Company Secretary

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