Persimmon proposes return of cash to shareholders

FTSE 250-listed house building company Persimmon has issued a circular containing details of a proposed 75p per share return of cash to shareholders worth approximately 227m pounds altogether.

FTSE 250-listed house building company Persimmon has issued a circular containing details of a proposed 75p per share return of cash to shareholders worth approximately 227m pounds altogether.

The proposed 75p per share cash return is the first payment under the group's capital return plan and the circular includes a notice convening a general meeting of the company to be held on the same day as the annual general meeting, on April 18th, to approve the return of cash.

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