Green light given for Persimmon’s management share plan (From York Press)
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Green light given for Persimmon’s management share plan
10:30am Friday 19th October 2012 in Business news
SHAREHOLDERS of Persimmon have approved measures to offer senior management and executives up to ten per cent of the company’s shares.
The York-based housebuilder will give about 140 senior management the options over owning shares as part of a plan announced in February, where by the company said it would return £1.9 billion, or £6.20 per share, in dividends to shareholders between 2013 and 2021.
The company said the new long-term incentive plan aimed to provide a closer link between the successful implementation of strategy and the reward given to executive directors and senior management.
Almost 85 per cent of shareholders voted in favour of the scheme at its annual general meeting.
