Director/PDMR Shareholding

RNS Number : 5423B

DFS Furniture PLC

08 October 2020

 

08 October 2020

DFS Furniture plc

Grant of 2020 Awards under the Long-Term Incentive Plan (the "LTIP")

The Executive Directors of DFS Furniture plc (the "Company") have been granted conditional shares in DFS on 6  October 2020, as part of the Company's Long-Term Incentive Plan.

No consideration was payable for the grant of the awards.  Conditional share awards granted under the LTIP will vest after a three year performance period, subject to achievement of the performance measures.  The performance measures are based on Adjusted Earnings Per Share ("EPS") and Relative Total Shareholder Return ("TSR"). 

Details of the conditional share awards under the LTIP are as follows:

Name	Status	Number of conditional shares awarded
Tim Stacey	Director	347,356
Mike Schmidt	Director	208,413

After careful consideration, and as a direct impact of the current trading and financial environment, target setting for the LTIP Awards has been delayed until appropriately stretching but realistic targets can be set.  In accordance with the Investment Association guidance, targets for the Adjusted EPS and relative Total Shareholder Return measures attaching to these LTIP Awards will be set and disclosed no later than 2nd April 2021.  Further details are also provided in the Company's 2020 Annual Report due to be published on 15 October 2020. 

  Enquiries:

DFS:  (enquiries via FTI)	TULCHAN
Tim Stacey (CEO)	James Macey-White
Mike Schmidt (CFO)	Jessica Reid
LizMcDonald (Group Company Secretary)	Amber Ahluwalia
Phil Hutchinson (Investor Relations)
[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. Tim Stacey .  B. Mike Schmidt
2	Reason for the notification
a)	Position/status	.  A. Chief Executive Officer .  B. Chief Financial Officer
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	Granting of nil cost share options under the DFS Furniture plc 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	A.  N/A  347,356 B.  N/A   208,413
d)	Aggregated information - Aggregated volume - Price	/  A.     347,275 N/A       B.   208,413    .  N/A
e)	Date of the transaction	6 October 2020
f)	Place of the transaction	London

 

END

 

 

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