REG - Persimmon Plc - Further Update on Covid-19 – Board Remuneration

PersimmonAnnouncement

02/04/2020 18:15

RNS Number : 6563I
  
Persimmon PLC
  
02 April 2020
  
 

2 April 2020
 
 
Further Update on Covid-19 - Board Remuneration
 
Persimmon plc ("Persimmon" or the "Group") today provides a further update on the Group's response to the Covid-19 pandemic.
 
On 25 March 2020, Persimmon announced a number of measures in response to the COVID-19 pandemic, to ensure the safety and wellbeing of its colleagues, customers and business partners. This included the temporary closure of all sales outlets and an orderly shutdown of its construction sites.
 
In recognition of the current extraordinary circumstances, the Executive Directors and the Board have agreed to take the following additional steps:
 



●


The Executive Directors have elected to take a voluntary, temporary 20% reduction in base salary effective from 1 April 2020, until such time as the Group is able to recommence work on site.
 




●


The Executive Directors have also decided to forgo any cash bonuses which may have been payable for 2020.
 




●


The Non-Executive Directors will also reduce their fees by 20% commencing 1 April 2020 for the period until site work recommences.



 
 
For further information please contact:
 



Simon Rigby




Kevin Smith




Jos Bieneman




Ellen Wilton




Citigate Dewe Rogerson
Tel: +44 (0) 20 7638 9571
 



 


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