Commencement of treasury buyback programme

RNS Number : 0945A

DFS Furniture plc

02 June 2016

 

2 June 2016                                                                                       For immediate release

DFS Furniture plc ("DFS" and the "Group")

Commencement of treasury buyback programme 

The Board of DFS Furniture plc ("DFS" or the "Company") has decided to purchase a number of shares under its existing buyback authority to be held in treasury with the expectation that they will be utilised to satisfy employee share based award obligations as and when required.

As part of this, DFS announces that on 2 June 2016, it purchased for treasury 30,000 ordinary shares of 150p each at an average price of 290.57 pence per share.

The highest price paid was 292.50p and lowest price paid was 287.90p.

In accordance with Disclosure and Transparency Rule 5.6.1A, following this purchase, there are 30,000 shares held in treasury and the total number of voting rights in DFS is 213,000,601 ordinary shares of 150p each.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, DFS under the FCA's Disclosure and Transparency Rules.

Enquiries:                 

DFS (enquiries via FTI Consulting)                           

Ian Filby (CEO)

Bill Barnes (Finance Director)

Mike Schmidt (Director of Corporate Affairs)                         [e-mail] 

Paul Walker (Company Secretary)

FTI Consulting                                             

Jonathon Brill                                                                          [phone]

Georgina Goodhew                                                                 [e-mail]

Tom Hufton                

About DFS Furniture plc

DFS is the clear market leading retailer of upholstered furniture in the United Kingdom.  We design, manufacture, sell and deliver to our customers an extensive range of upholstered furniture products.  The business operates a retail network of upholstered furniture stores in the United Kingdom and Europe, together with an online channel.  These have been established and developed gradually over more than 45 years of operating history.  We attract customers to our stores and website through our substantial and continued investment in nationwide marketing activities and our reputation for high quality products and service, breadth of product ranges and price points and best-in-class consumer financing options.

 

END

 

 

MSCEAKKAEAAKEFF