Director/PDMR Shareholding

RNS Number : 6727K

DFS Furniture PLC

23 April 2020

 

23 April 2020

DFS Furniture PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

1.	Details of PDMR / person closely associated with them ( 'PCA')
a)	Name	1. Ian Durant 2. Tim Stacey 3. Mike Schmidt 4. Alison Hutchinson 5. Stephen Johnson 6. Jo Boydell 7.Jane Bednall
b)	Position / status	1. Executive Chairman 2. Chief Executive Officer 3. Chief Financial Officer 4. Non-Executive Director 5. Non-Executive Director 6. Non-Executive Director 7. Non-Executive Director
c)	Initial notification / amendment	Initial Notification in each case
2.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	Name	DFS Furniture PLC
	LEI	213800GDSOBNKS1U1P93
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary Shares of DFS Furniture PLC (the "Company"). ISIN GB00BTCOLB89
b)	Nature of the transaction	The Company announced today that it raised proceeds of approximately 64 million (before expenses) through a placing of 42,606,119 new ordinary shares of 150 pence each in the capital of the Company (the 'Placing  and Subscription Shares') at a price of 150 pence per Share (the "Placing"). The Placing is conditional upon, amongst other things, the Placing and Subscription Shares being admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange plc (together, "Admission"). The Company was informed today that the Directors listed below subscribed for the below numbers of new ordinary shares of 150 pence each in the capital of the Company concurrently with the Placing. Director Interest in shares prior to acquisition Number of Placing Shares acquired Total shares held beneficially % of issued share capital held (post Admission of Placing Shares) Ian Durant 28,000 16,666 44,666 0.02% Tim Stacey 461,875 15,333 477,208 0.19% Mike Schmidt 9,375 10,000 19,375 0.01% Alison Hutchinson 0 13,333 13,333 0.01% Stephen Johnson 0 26,666 26,666 0.01% Jo Boydell 0 13,333 13,333 0.01% Jane Bednall 0 13,333 13,333 0.01%
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.  150 pence 16,666 2. 150 pence 15,333 3. 150 pence 10,000 4. 150 pence 13,333 5. 150 pence 26,666 6. 150 pence 13,333 7. 150 pence 13,333
d)	Aggregated information Aggregated volume Price	108,664 150 pence
e)	Date of the transaction	23 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

  Enquiries: 

DFS (enquiries via Tulchan)	Tulchan
Tim Stacey (CEO)	James Macey-White
Mike Schmidt (CFO)	Jessica Reid
Phil Hutchinson (Investor relations)	Amber Ahluwalia
Liz McDonald  (Company Secretary)	[phone]
	[e-mail]

About DFS Furniture plc

The Group is the clear market leading retailer of living room furniture in the United Kingdom. We design, manufacture, sell and deliver to our customers an extensive range of furniture products. The business operates a retail network of living room furniture stores in the United Kingdom and Europe, together with an online channel, trading through four leading brands. The Group has been established and developed gradually over 50 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 favourable consumer financing options.

 

END

 

 

DSHSEWFSDESSELL