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Persimmon Plc - Further Update on Covid-19 – Board Remuneration

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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Quick facts: Persimmon

Price: 2540

Market: LSE
Market Cap: £8.1 billion
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