Director/PDMR Shareholding

RNS Number : 2373O

Dunelm Group plc

09 June 2022

 

9 June 2022

DUNELM GROUP plc

"Dunelm" or "the Company"

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS EXERCISING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

On 9 June 2022, following her appointment to the Board of Dunelm, Karen Witts ( Chief Financial Officer) was granted a conditional award under the Company's Long Term Incentive Plan (LTIP) over 73,979 ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option.  

The options may be exercised on or after 9 June 2025, subject to the satisfaction of performance conditions over the three financial periods commencing on 27 June 2021. These are identical to the conditions applicable to the FY22-24 award made to the other Executive Directors in October 2021, details of which are set out in the FY21 annual report.

On exercise, Karen has committed to retain all of the shares vesting (after sale to cover tax and national insurance liability on exercise), until 8 June 2027, and at least two thirds of these for the duration of employment. Additional shareholding requirements apply for the duration of for two years from termination of employment, as set out in the 2020 Policy.

In line with its 2020 Remuneration Policy, the Remuneration Committee can apply malus or clawback to the award and has discretion to vary formulaic outturns where this does not reflect underlying performance or is inappropriate in the context of unexpected or unforeseen circumstances.

For further information please contact: 

Dunelm Group plc Dawn Durrant, Company Secretary	[e-mail]
MHP Communications
Simon Hockridge/Rachel Farrington/Pete Lambie	[e-mail]

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Karen Witts
2	Reason for the notification
a)	Position/status	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	Dunelm Group plc
b)	LEI	213800WCOWEI3T5DUV19
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	Ordinary shares of one pence each  ISINGB00BICQ739
b)	Nature of the transaction	Grant of conditional nil cost options under the Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 73,979
d)	Aggregated information - Aggregated volume - Price	73,979 £Nil
e)	Date of the transaction	2022.06.09
f)	Place of the transaction	London Stock Exchange (XLON)

 

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