Persimmon PLC — Remuneration Information 2013

Apr 19, 2013

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8206C

Persimmon PLC

19 April 2013

19 April 2013

LTIP AWARDS

Persimmon Plc ("the Company") announces that on 19 April 2013 the following share option awards were made to executive directors under the Persimmon Plc 2012 Long Term Incentive Plan (the "Plan").

Name	Number of ordinary shares	Initial Option Exercise Price
J Fairburn	2,174,400	£11.09
N P Greenaway	130,000	£11.09

These awards are subject to the performance condition set out in the rules of the Plan, in summary being the return of £6.20 to shareholders by the end of 2021. The awards will vest up to 40% in December 2017 and the remainder in 2021.

The Company also announces that on 19 April 2013 the following awards of ordinary shares were made to executive directors under the Company's Bonus Share Scheme.

Name	Number of ordinary shares	Option Exercise Price
J Fairburn	21,020	Nil
M H Killoran	25,779	Nil

These awards represent annual bonus earned by the Director in excess of 100% of annual salary and will vest half on the announcement of the Company's 2013 Final Results and half on the announcement of the Company's 2014 results. 

As a result of the above, the directors hold options/awards over the following number of ordinary shares granted under the Company's various share schemes:-

Name	Number of shares
J Fairburn	4,726,979
M H Killoran	3,572,217
N P Greenaway	1,717,433

The issued share capital of the Company on 19 April 2013 is 303,835,755 ordinary shares.

G N Francis

Group Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSEALLNFANDEFF