Director/PDMR Shareholding

RNS Number : 4859T

DFS Furniture PLC

15 November 2019

 

15 November 2019

DFS Furniture plc

Vesting of Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")

DFS Furniture plc, announces that on 15 November 2019 the Remuneration Committee of the Company approved the vesting of an award granted on 16 November 2016 pursuant to the Company's LTIP in the form of a conditional share award ("Awards") vested in part over ordinary shares of £1.50 pence each in the Company ("Ordinary Shares").

The performance conditions of the Award were based on EPS growth and relative Total Shareholder Return.  The performance period for the Award ended on 30 June 2019. Full details of the performance conditions in respect of the Award are set out in the Company's Annual Report 2019, (page 68).

The calculations to determine the vesting percentage of the Award showed that the performance conditions had been partially satisfied and that the Award had vested in respect of 28.55% of the Ordinary Shares under the Award.  

Director / PDMR	Position	Number of Ordinary Shares under the Awards	Number of Ordinary Shares vested under the Awards
Tim Stacey	Chief Executive Officer	105,000	29,977

Enquiries:

DFS: (enquiries via Tulchan)	TULCHAN
Liz McDonald (Group Company Secretary)	James Macey-White
Phil Hutchinson (Investor Relations)	Jessica Reid
[e-mail]	Amber Ahluwalia
	[e-mail]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	A.  Tim Stacey
2	Reason for the notification
a)	Position/status	A.   Chief Executive Officer B
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DFS Furniture plc
b)	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, type of instrument Identification code	Vesting of options to acquire DFS Furniture plc £1.50 ordinary shares   ISIN: GB00BTC0LB89
b)	Nature of the transaction	Vesting of nil cost share options under the DFS Furniture plc 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Nil   29,977 .
d)	Aggregated information - Aggregated volume - Price	/  29,977 (singe transaction) n/a
e)	Date of the transaction	15 November 2019
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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