Transaction in Own Shares

RNS Number : 3970X

DFS Furniture PLC

18 December 2019

 

18 December 2019

For immediate release

DFS Furniture plc  ("DFS" and the "Company")

Transaction in own shares

DFS Furniture plc (the "Company") announces that on 18 December 2019 it purchased for Treasury the following number of its ordinary shares of 150 pence each pursuant to its 400,000 share repurchase programme, details of which were announced on 10 December 2019.

Description of shares: DFS Furniture plc - ordinary shares of 150 pence

Number of shares repurchased: 1,358 shares

Date of transaction: 18 December 2019

Average price paid per share: 275.34 pence

Lowest price paid per share: 275.00 pence

Highest price paid per share: 276.00 pence

Broker: Jefferies International Limited

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 212,460,288 (excluding Treasury shares), and the company will hold 570,313 ordinary shares in Treasury.

The figure of 212,460,288 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information about the individual purchases is available below.

Given recent share price volatility and sustained periods of low liquidity which have restricted the amount of shares purchased due to regulatory restrictions, the term of the buyback programme has been extended to 9 March 2020, the day before the Company's interim results.  All other terms of the buyback programme remain unchanged

Transaction date	Transaction time	Volume	Price (GBp)
18/12/2019	14:27:56	30	276
18/12/2019	14:27:56	186	276
18/12/2019	14:34:45	231	275
18/12/2019	14:34:45	198	275
18/12/2019	14:37:20	220	275
18/12/2019	16:29:50	235	275.5
18/12/2019	16:29:51	258	275.5

For further information, please contact:

DFS (enquiries via Tulchan)	TULCHAN
Liz McDonald (Company Secretary) Phil Hutchinson (Investor Relations) [e-mail]	James Macey-White Jessica Reid Amber Ahluwalia [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 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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