Persimmon PLC Extension of Bank Facilities (2538K)
April 09 2018 - 3:49AM
UK Regulatory
TIDMPSN
RNS Number : 2538K
Persimmon PLC
09 April 2018
TUESDAY 3 APRIL 2018
PERSIMMON PLC
Extension of Bank Facilities
The Directors of Persimmon plc are pleased to announce that the
Company has recently concluded a one year extension of the maturity
of its GBP300m Revolving Credit Facility ("RCF"), out to 31 March
2023, with strong support from the Company's five relationship
banks.
The Directors regard the RCF as an important element in
providing support to the Group's working capital flexibility as
Persimmon targets further disciplined growth in volume in line with
its long-term strategy of meeting market demand across the UK. This
growth will require continued substantial investment in new land,
necessary community infrastructure and site development work in
progress, and in the Group's training programmes for trade skills
and management capabilities. The Group now has 30 house building
businesses across the UK having opened six new businesses over the
last three years to support the Group's delivery of further
increases in new home construction.
Since 2012, when the Group launched its new strategy, to the end
of 2017, the Group has increased its annual construction of new
homes by over 70%, opened 1,189 new outlets, invested c. GBP3.2bn
in land and delivered c.470% total returns to shareholders, placing
it third in the FTSE 100 index over the period.
Ends
Enquiries:
Citigate Dewe Rogerson Tel: +44 (0) 20 7638
9571
Simon Rigby
Kevin Smith
Jos Bieneman
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUKSWRWWASRRR
(END) Dow Jones Newswires
April 09, 2018 04:49 ET (08:49 GMT)
Persimmon (LSE:PSN)
Historical Stock Chart
From Apr 2024 to May 2024
Persimmon (LSE:PSN)
Historical Stock Chart
From May 2023 to May 2024