Director/PDMR Shareholding

DFS Furniture PLC

17 October 2023

 

17  October 2022

DFS Furniture plc

("the Company")

Grant of 2023 Awards under the Long-Term Incentive Plan (the "LTIP")

DFS Furniture PLC announces the following transaction by  persons discharging managerial responsibility ("PDMR") in ordinary shares of the Company with a nominal value of £0.10 ("Shares") took place on  16  October 2023.

The Executive Directors of DFS Furniture plc have been granted conditional shares in DFS, as part of the Company's Long-Term Incentive Plan.  Under the terms of the LTIP, the quantum of the 2021 LTIP Options awarded was 175% of the equivalent salary of Tim Stacey, CEO, and 140% of the equivalent salary  of John Fallon  and the 2023 LTIP Options were granted at an award price of £1.02

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	Executive Director	860,120
John Fallon	Executive Director	546,486

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. John Fallon
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	Grant of options to acquire DFS Furniture plc £0.10 ordinary shares   ISIN: GB00BTC0LB89
b)	Nature of the transaction	Granting of nil cost share options under the DFS Furniture plc 2015 Long Term Incentive Plan
c)	Price(s) and volume(s)	A.  £1.02   860,120 B.  £1.02   546,486
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transactions
e)	Date of the transaction	16 October 2023
f)	Place of the transaction	Outside of a trading venue

  Enquiries:

DFS Liz McDonald (Group Company Secretary) Phil Hutchinson (Investor Relations) [e-mail]

Teneo James Macey-White [phone] [e-mail]

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 and the Republic of Ireland, trading through our leading brands, DFS and Sofology. 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 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 Limited".

 

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