Director/PDMR Shareholding

RNS Number : 7802F

DFS Furniture PLC

18 November 2020

 

DFS Furniture PLC

18 November 2020

For immediate release

DFS Furniture plc

Vesting of Awards pursuant to the Company's Restricted Share Plan ("RSP")

DFS Furniture plc (the "Company"), announces that on 17 November 2020, awards over ordinary shares of £1.50 each in the Company ("Ordinary Shares") granted on 16 November 2017 pursuant to the Company's RSP to Tim Stacey and to Mike Schmidt, in the form of a conditional share award ("Award") vested in part. Pursuant to the sub-division of the Ordinary Shares of £1.50 each in the capital of the Company, whereby each Ordinary Share was sub-divided into one ordinary share of £0.10 and one deferred share of £1.40 in the capital of the Company (the "Sub-division"), the vested shares will be ordinary shares of £0.10 each in the Company. Shareholders of the Company approved the Sub-division at the annual general meeting of the Company on 13 November 2020.

Mr Stacey and Mr Schmidt received 56,436 and 18,968 shares, respectively, after settlement for tax.

Director / PDMR	Position	Number of Ordinary Shares vested under the Awards	N umber of Ordinary Shares received after settlement of tax
Tim Stacey	Chief Executive Officer	106,484	56,436
M ike Schmidt	C hief Financial Officer	35,789	18,968

Enquiries:

DFS:  (enquiries via Tulchan)	TULCHAN
Liz McDonald (Group Company Secretary)	James Macey-White
Phil Hutchinson (Investor Relations)	Jessica Reid
	Amber Ahluwalia
[e-mail]	[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.  A Tim Stacey B Mike Schmidt
2	Reason for the notification
a)	Position/status	A.  Chief Executive Officer Chief Financial 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 £0.10 ordinary shares   ISIN: GB00BTC0LB89
b)	Nature of the transaction	Vesting of conditional share award to acquire DFS Furniture ordinary shares under the DFS Furniture plc Restricted Share Plan
c)	Price(s) and volume(s)	A.  P rice - Nil Volume - 56,436   B.  Price - Nil Volume - 18,968
d)	Aggregated information - Aggregated volume - Price	A.   S ingle transaction B.  S ingle transaction
e)	Date of the transaction	17   November 2020
f)	Place of the transaction	Outside a trading venue

About DFS Furniture plc

DFS 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.  These have 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. 

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