Persimmon PLC

Related Party Transaction • Jun 25, 2014

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RNS Number : 5530K

Persimmon PLC

25 June 2014

25 June 2014

Persimmon PLC (the 'Company')

RETURN OF CASH TO SHAREHOLDERS UNDER B/C SHARE SCHEME

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND CONNECTED PERSONS

The Company was notified on 24 June 2014 by its Directors that on 23 June 2014 they and their connected persons acquired interests in B Shares and C Shares under the Return of Cash as follows:-

Name of Director/ Connected Person	No of B Shares of 70 pence each	Percentage of issued B Shares	No of C Shares of 0.0001 pence each	Percentage of issued C Shares
Jeff Fairburn	123,604	0.14%	9,451	<0.01%
Jayne Fairburn	Nil	Nil	67,637	0.03%
H & A Fairburn*	Nil	Nil	822	<0.01%
Mike Killoran	698,929	0.82%	4,842	<0.01%
Jacqueline Flanigan**	17,971	0.02%	2,846	<0.01%
Nigel Greenaway	63,557	0.07%	Nil	Nil
David Jenkinson	34,782	0.04%	1,666	<0.01%
Nicholas Wrigley	36,000	0.04%	Nil	Nil
Suzanne Pennycook***	Nil	Nil	643	<0.01%
Jonathan Davie	10,000	0.01%	10,000	<0.01%
Mark Preston	500	<0.01%	Nil	Nil
Marion Sears	5,648	<0.01%	4,352	<0.01%

*Sons of Jeff Fairburn and connected persons     **Wife of Mike Killoran             ***Wife of Richard Pennycook

Jeff Fairburn and Jayne Fairburn have a non-beneficial interest in 48,360 C Shares (being 0.023%% of the issued C Shares). Mike Killoran and Jacqueline Flanigan have a non-beneficial interest in 64,022 C Shares (being 0.03% of the issued C Shares).

Each B Share will be redeemed by the Company for 70 pence on 4 July 2014 and the proceeds of the redemption will be sent to Shareholders, or CREST accounts will be credited, by 4 July 2014. Each such B Share will be cancelled on redemption.

A single dividend of 70 pence will become payable on each C Share on 4 July 2014. Once the C Share Dividend has been paid, each C Share will be reclassified as a Deferred Share which will carry extremely limited rights and will have negligible value.  The Company expects to purchase the Deferred Shares for an aggregate consideration of one penny and then cancel the Deferred Shares in July 2014. Shareholders will not be entitled to have any part of the one penny aggregate consideration paid to them.

Capitalised terms in this announcement shall have the same meaning ascribed to them as in the Circular published by the Company on 17 March 2014 in relation to the proposed Return of Cash. The circular is available on the Company's website at www.corporate.persimmonhomes.com/investor/shareholder/gminfo/2014.aspx

As at 24 June 2014 the issued share capital of the Company was 305,845,520 ordinary shares of 10 pence each, 85,725,061 B Shares of 70 pence each and 220,072,490 C Shares of 0.0001 pence each.

G N Francis

Group Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

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