Persimmon PLC Director/PDMR Shareholding (1279G)
February 27 2015 - 9:58AM
UK Regulatory
TIDMPSN
RNS Number : 1279G
Persimmon PLC
27 February 2015
27 February 2015
LTIP AWARDS
Persimmon Plc ("the Company") announces that on 26 February 2015
it granted an option to Jeff Fairburn, Group Chief Executive under
the Persimmon Plc 2012 Long Term Incentive Plan (the Plan) over
241,600 shares at an option price of GBP16.84.
This award brings Jeff Fairburn's total award under the Plan to
the maximum approved by shareholders for the Company's Chief
Executive.
The award is subject to the performance condition set out in the
rules of the Plan, in summary being the return of GBP6.20 per share
to shareholders by the end of 2021. The awards may vest up to 40%
in December 2017 and the remainder in 2021. As a result Jeff
Fairburn holds options/awards over 4,865,165 ordinary shares
granted under the Company's various share schemes.
The issued share capital of the Company on 27 February 2015 is
306,506,445 ordinary shares.
G N Francis
Group Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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