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Persimmon Provides Trading Update - Quick Facts

Persimmon Plc (PSN.L) announced the Group has experienced a good start to 2013. Visitor levels per site to the Group's developments over the first fifteen weeks are approximately 5% stronger than prior year. The Group's outlet network currently stands at 385 sites, and it anticipates having approximately 390 sites offering new homes to customers by 30 June 2013 in line with its prior guidance.

In the first fifteen weeks of the year, the Group's weekly private sales rate per site is approximately 4% ahead. Persimmon currently has total forward sales, including legal completions already achieved for the current year, of 1.38 billion pounds which is approximately 11% ahead of the prior year.

Persimmon said it remains well on track to deliver 1.9 billion pounds of capital to shareholders over a nine and a half year period ending in 2021. Subject to shareholder approval at the General Meeting, the first payment of Capital Return Plan will be paid to shareholders on 28 June 2013. The record date is 19 April 2013. The Board also announced its intention to declare a dividend for 2014 of 10 pence per ordinary share.

by RTTNews Staff Writer

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