Director/PDMR Shareholding

RNS Number : 0995U

DFS Furniture PLC

01 December 2021

 

DFS Furniture plc

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

DFS Furniture plc (the "Company"), announces that on 30 November 2021, awards over ordinary shares of £0.10 each in the Company ("Ordinary Shares") granted on 30 November 2018 pursuant to the Company's LTIP to Tim Stacey and to Mike Schmidt, in the form of a conditional share award ("Award") vested in full.

Director / PDMR	Position	Number of Ordinary Shares vested under the Awards including Dividend Equivalent Shares	Number of Ordinary Shares received after settlement of tax
Tim Stacey	Chief Executive Officer	313,904	166,369
M ike Schmidt	C hief Financial Officer	35,703	18,922

On  30 November 2021, Mr Stacey sold  147,535   and Mr Schmidt sold 16,781 shares at an average price of £2.46 per share for the purpose of meeting their respective tax liability on the shares acquired on vesting. 

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. 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 £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 Long Term Incentive Plan
c)	Price(s) and volume(s)	A.  P rice - N/A Volume - 166,369   B.  P rice - N/A Volume - 18,922
d)	Aggregated information - Aggregated volume - Price	A.   S ingle transaction       B.  S ingle transaction
e)	Date of the transaction	30  November 2021
f)	Place of the transaction	Outside a trading venue

About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the United Kingdom. Our Group purpose is to bring great design and comfort into every living room, in an affordable, responsible and sustainable manner.  We operate an integrated physical and digital retail network of living room furniture showrooms and web sites in the United Kingdom, Republic of Ireland, Netherlands and Spain, trading through our leading brands, DFS, Sofology and Dwell. We attract customers through our targeted and national marketing activities and our reputation for high quality products and service, breadth of product offer and favourable consumer financing options.  We fulfil orders for our exclusive product ranges through our own three UK finished goods factories, and through manufacturing partners located in the UK, Europe and Far East, and delivered with care through our expert final-mile delivery service "The Sofa Delivery Company".  

 

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