INTENDED PURCHASE OF SHARES BY EBT

RNS Number : 9308N

DFS Furniture PLC

04 October 2021

 

4 October 2021

DFS FURNITURE PLC

INTENDED PURCHASE OF SHARES BY EMPLOYEE BENEFIT TRUST

DFS Furniture PLC today announces that the trustee Ocorian Limited (the "Trustee") of the   DFS Furniture plc Equity Plan Employee Trust    (the "Trust"),  has today indicated its intention to make market purchases of ordinary shares of the Company for the benefit of the Trust of up to 3,000,000 ordinary shares of 10p each, to help meet future obligations arising under the Company's share schemes. Purchases are subject to the Trustee's absolute discretion as to the purchase price to be paid (the "Market Purchases"). It is expected that the Market Purchases will be funded by amounts advanced by the Company.

The Trustee will make its trading decisions in relation to the Market Purchases independently of, and uninfluenced by, the Company

A further announcement will be made on completion of the share purchase.

For further information, please contact:

  Enquiries:

DFS:  (enquiries via Tulchan)	TULCHAN
Liz McDonald (Group Company Secretary)	James Macey-White
	Jessica Reid
Phil Hutchinson (Investor Relations)	Amber Ahluwalia
[e-mail]	[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, Republic of Ireland, Netherlands and Spain, trading through our leading brands, DFS, Sofology and Dwell. 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 three 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".  

 

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