Share incentive awards

RNS Number : 0502G

Dunelm Group plc

23 November 2020

 

 DUNELM GROUP plc

(the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

  23 November 2020

Share incentive awards granted to Nick Wilkinson and Laura Carr

On 20 November 2020 share incentive awards were granted to Nick Wilkinson (Chief Executive) and Laura Carr (Chief Financial Officer) as set out below.

The awards have been made in accordance with the 2020 Remuneration Policy approved by shareholders on 17 November 2020 (the "2020 Policy").

Long Term Incentive Plan

Awards were granted over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option.

Using a closing mid price on 19 November 2020 of 1186 pence, awards have been granted

as follows: 

Name	Basic salary	200% of basic salary	Share price used to calculate number of nil cost options	Number of shares in award
Nick Wilkinson	£562,440	£1,124,880	1186p	94,846
Name	Basic salary	180% of basic salary	Share price used to calculate number of nil cost options	Number of shares in award
Laura Carr	£383,250	£689,850	1186p	58,166

The option may be exercised on or after 20 November 2023, subject to the satisfaction of performance conditions over the three financial years commencing on 28 June 2020.

On exercise, Mr Wilkinson and Mrs Carr have each committed to retain all of the shares vesting (after sale to cover their tax and national insurance liability on exercise), until 20 November 2025, and at least two thirds of these for the duration of employment. In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2020 Policy.

The award is subject to adjustment, malus and clawback as set out in the 2020 Policy and the rules of the plan.  

Share Bonus Award

Awards were granted over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, as follows.

Name	Description	Number of shares in award	Vesting September 2021	Vesting September 2022
Nick Wilkinson	Share Bonus award in respect of FY19-20 annual bonus	11,594	5797	5797
	Share bonus award in respect of FY20-21 annual bonus*	59,130*	29,565*	29,565*
Name
Laura Carr	Share Bonus award in respect of FY19-20 annual bonus	7,675	3,837	3,838
	Share bonus award in respect of FY20-21 annual bonus*	40,291*	20,145*	20,146*

*The award in respect of the FY21 annual bonus is subject to the satisfaction of a performance condition in respect of the FY21 financial year.  The award in respect of the FY20 annual bonus is  not subject to a performance condition as the quantum reflects bonus earned in that year after applying performance critera.

On exercise, Mr Wilkinson and Mrs Carr have each committed to retain at least two thirds of the shares vesting (after sale to cover their tax and national insurance liability on exercise) for the duration of employment.   In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2020 Policy.

The award is subject to adjustment, malus and clawback as set out in the 2020 Policy and the rules of the plan.  

Total interests in shares

Including the awards set out above, Nick Wilkinson and Laura Carr hold options over the Company's ordinary shares as follows:

Name	Share scheme	Number of shares	Exercise price per share	Exercise dates
Nick Wilkinson	Long Term Incentive Plan (performance condition applied)	21,780	Nil	Between 28 February 2021 and 27 February 2028
Nick Wilkinson	Long Term Incentive Plan (subject to performance)	180,802	Nil	Between 17 October 2021 and 16 October 2028
Nick Wilkinson	Long Term Incentive Plan (subject to performance)	134,984	Nil	Between 16 October 2022 and 15 October 2029
Nick Wilkinson	Long Term Incentive Plan (subject to performance)	94,846	Nil	Between 20 November 2023 and 19 November 2030
Nick Wilkinson	Share Bonus Award FY20  (performance condition applied)	11,594	Nil	5,797 in September 2021 5,797 in September 2022
Nick Wilkinson	Share Bonus Award FY21 (subject to performance)	59,130	Nil	29,565 in September 2021 29,565 in September 2022
Nick Wilkinson	2019 - 21 Sharesave	3,757	479.0p	Between 1 January 2022 and 30 June 2022
Laura Carr	Long Term Incentive Plan (subject to performance)	105,893	Nil	Between 30 November 2021 and 29 November 2028
Laura Carr	Long Term Incentive Plan (subject to performance)	71,481	Nil	Between 16 October 2022 and 15 October 2029
Laura Carr	Long Term Incentive Plan (subject to performance)	58,166	Nil	Between 20 November 2023 and 19 November 2030
Laura Carr	Share Bonus Award FY20  (performance condition applied	7,675	Nil	3,837 in September 2021 3,838 in September 2022
Laura Carr	Share Bonus Award FY21 (subject to performance)	40,291	Nil	20,145 in September 2021 20,146 in September 2022
Laura Carr	2020-22 Sharesave	2,752	654.0p	Between 1 January 2023 and 30 June 2023

In addition to the above, Nick Wilkinson and Laura Carr have a beneficial interest in ordinary shares of one pence in the Company as follows:

Director	Number of ordinary shares
Nick Wilkinson	113,752
Laura Carr	36,000

Name of authorised Company official responsible for making this notification:

Dawn Durrant, Company Secretary

For further information please contact:

Dunelm Group plc	[e-mail]
Dawn Durrant, Company Secretary

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Wilkinson
2	Reason for the notification
a)	Position/status	Chief Executive
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 94,846
d)	Aggregated information - Aggregated volume - Price	94,846   Nil
e)	Date of the transaction	2020.11.20
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Wilkinson
2	Reason for the notification
a)	Position/status	Chief Executive
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 unconditional nil cost options under the Dunelm 2020 Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 11,594
d)	Aggregated information - Aggregated volume - Price	11,594   Nil
e)	Date of the transaction	2020.11.20
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23

 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Wilkinson
2	Reason for the notification
a)	Position/status	Chief Executive
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 Dunelm 2020 Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 59,130
d)	Aggregated information - Aggregated volume - Price	59,130  Nil
e)	Date of the transaction	2020.11.20
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23

 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Laura Carr
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   58,166
d)	Aggregated information - Aggregated volume - Price	58,166   Nil
e)	Date of the transaction	2020.11.20
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Laura Carr
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 unconditional nil cost options under the Dunelm 2020 Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 7,675
d)	Aggregated information - Aggregated volume - Price	7,675  Nil
e)	Date of the transaction	2020.11.20
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23

 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Laura Carr
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 Dunelm 2020 Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 40,291
d)	Aggregated information - Aggregated volume - Price	40,291  Nil
e)	Date of the transaction	2020.11.20
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23

 

 

END

 

 

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