Persimmon PLC Further Update on Covid-19 -- Board Remuneration (6563I)
02 Abril 2020 - 11:14AM
UK Regulatory
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
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END
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