Persimmon PLC UK Government Self Remediation Contract Signed (7796S)
13 Março 2023 - 9:19AM
UK Regulatory
TIDMPSN
RNS Number : 7796S
Persimmon PLC
13 March 2023
13 March 2023
Persimmon plc
("Persimmon" or "the Group")
Persimmon Signs UK Government Self Remediation Contract
Persimmon announces that it has signed the Self Remediation
Contract, originally published by the Department for Levelling Up,
Housing and Communities ("DLUHC") on 30(th) January 2023. The Self
Remediation Contract turns April 2022's Building Safety Pledge into
binding commitments for the industry.
The Self Remediation Contract's commitments are consistent with
the principles first announced by Persimmon in February 2021. Over
two years ago Persimmon led the industry in announcing that it
would protect leaseholders from the costs of cladding removal or
life-critical fire related safety remediation in buildings over 11
metres high constructed by the Group.
As confirmed in our 2022 Results, by December 31 2022, the Group
had incurred a total of GBP350m relating to provisions and costs
(including those due to DLUHC for remediation already carried
through the Building Safety Fund) for claims for building safety
remediation. The Group believes this provision remains
sufficient.
For further information, please contact:
Persimmon
Anthony Vigor, Group Director of Policy and External Affairs
Tel: +44 (0)7767 425822
Citigate Dewe Rogerson
Kevin Smith / Ellen Wilton
Tel: +44 (0)20 7638 9571
persimmon@citigatedewerogerson.com
Notes to editors
In March 2023, Persimmon announced that it had identified 73
multi-storey developments it constructed in the 30 years prior to 5
April 2022, that now require cladding removal or other
life-critical fire-safety work.
The Group has established a dedicated team which is working
closely with landlords and their agents to progress the necessary
works as swiftly as possible. Work is underway or already complete
on 42 developments and Persimmon aims to start work at all
remaining sites by the end of 2023.
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END
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March 13, 2023 08:19 ET (12:19 GMT)
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