TIDMPSN

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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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April 02, 2020 13:14 ET (17:14 GMT)

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