Grant of Conditional Shares

RNS Number : 8777W

DFS Furniture plc

17 November 2017

 

17 November 2017

DFS Furniture plc

Grant of Conditional Shares

The Executive Directors and PDMRs of DFS Furniture plc ("DFS" or the "Company") have been granted conditional shares in DFS on 16 November 2017, as part of the Company's long-term incentive arrangements.

No consideration was payable for the grant of the conditional shares. Conditional shares granted under the 2015 Long-Term Incentive Plan (the "Conditional LTIP") will vest after a three year performance period, subject to achievement of performance measures based on adjusted EPS and relative total shareholder return measures for the Company. Conditional shares granted under the 2015 Restricted Share Plan (the "Conditional RSP") will vest after either two or three years and are subject to a share price performance condition.  As previously stated by the Company, the Executive Directors are not entitled to participate in the Conditional RSP.  All conditional shares granted are also subject to continued employment conditions. 

Details of the conditional shares granted are as follows:

Name	Status	Number of Conditional LTIP shares awarded	Number of Conditional RSP shares awarded
Ian Filby	Director	298,593	None
Nicola Bancroft	Director	128,168	None
Nick Collard	PDMR	125,000	157,552
Scott Fishburn	PDMR	50,000	88,578
Tim Stacey	PDMR	125,000	152,119
Toni Wood	PDMR	50,000	100,000

Enquiries:

DFS (enquiries via FTI)	FTI Consulting
Paul Walker (Group Company Secretary)	Jonathon Brill
	Georgina Goodhew
	Eleanor Purdon
	[phone]
	[e-mail]

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 upholstered and other 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 nearly 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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