TIDMPSN

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*   GBP428m           GBP503m           GBP579m 
  over the three year performance 
  period 
                                    ----------------  ----------------  ---------------- 
 Scope 1 & 2 carbon emissions        1.69 tonnes       1.68 tonnes       1.67 tonnes 
  per home completed for the          CO(2) e per       CO(2) e per       CO(2) e per 
  year ending 31 December 2025        home completed    home completed    home completed 
                                    ----------------  ----------------  ---------------- 
 

*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:

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Dean Finch 
      ---------------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                          Group Chief Executive 
      ---------------------------------------  ----------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ----------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)    Name                                     Persimmon Plc 
      ---------------------------------------  ----------------------------------------- 
 b)    LEI                                      213800XI72Y57UWN6F31 
      ---------------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of 10p each 
        financial instrument, 
        type of instrument 
 
       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 
      ---------------------------------------  ----------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Jason Windsor 
      ---------------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Financial Officer 
      ---------------------------------------  ----------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ----------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)    Name                                     Persimmon Plc 
      ---------------------------------------  ----------------------------------------- 
 b)    LEI                                      213800XI72Y57UWN6F31 
      ---------------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of 10p each 
        financial instrument, 
        type of instrument 
 
       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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END

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(END) Dow Jones Newswires

May 03, 2023 11:12 ET (15:12 GMT)

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