REG - Persimmon Plc - UK CMA proposes closure of its investigation

PersimmonAnnouncement

Today 07:30

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RNS Number : 3326Q  Persimmon PLC  09 July 2025

 

9 July 2025

UK Competition and Markets Authority proposes closure of its investigation

Persimmon welcomes the announcement made on 9 July 2025 by the UK Competition
and Markets Authority ("CMA") that it proposes to accept commitments and close
its investigation into Persimmon and six other UK housebuilders regarding
suspected anti-competitive conduct, without making any finding that Persimmon
plc and its group companies has infringed UK competition law.

Persimmon has worked constructively with the CMA throughout its enquiry.
Alongside the other housebuilders under investigation, it has voluntarily
offered commitments in response to the potential concerns investigated by the
CMA.

Persimmon's decision to offer voluntary commitments does not constitute an
admission of any wrongdoing nor does it imply that Persimmon agrees with the
concerns expressed by the CMA in the investigation.

The commitments include an ex gratia financial contribution from all seven
housebuilders to the government's Affordable Homes Programme totalling £100
million. Persimmon's proportionate contribution is £15.24 million.

Persimmon remains focused on delivering more of the high-quality, affordable
homes which are its core strength, and maintaining its high standards of
customer service and satisfaction.

 

Notes

On 26 February 2024, the Competition and Markets Authority opened an
investigation into eight housebuilders (following the Barratt/Redrow mergers,
seven housebuilders) under Chapter I of the Competition Act 1998. More
information can be found here: Investigation into suspected anti-competitive
conduct by housebuilders - GOV.UK
(https://www.gov.uk/cma-cases/investigation-into-suspected-anti-competitive-conduct-by-housebuilders)

 

For further information please contact:

 Victoria Prior, Group IR Director                                              Giles Kernick, Teneo

 Anthony Vigor, Group Director of Strategic Partnerships and External Affairs   Elizabeth Snow, Teneo

  Persimmon Plc                                                                  persimmon@teneo.com
 Tel: +44 (0) 1904 642199                                                       Tel: +44 (0) 7912 540 246

 

 

 

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