LTIP awards to Executive Directors

RNS Number : 6307R

Dunelm Group plc

21 November 2012

 



DUNELM GROUP plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

21 November 2012

LTIP awards to Executive Directors

Conditional awards under the Company's Long-Term Incentive Plan (LTIP) have been granted on 20 November 2012 over ordinary shares in Dunelm Group plc, in the form of a nil cost option, to Nick Wharton, Chief Executive, and David Stead, Finance Director.

Will Adderley, Executive Deputy Chairman, has waived his entitlement to receive an LTIP award.

The maximum award under the LTIP is 150% of basic salary for each executive director.

The awards will vest, subject to continued employment and to the performance conditions being met, following publication of the Company's results for the year to 30 June 2015. The award is also subject to claw back in the case of mis-statement of performance to which a previous LTIP award or bonus related, miscalculation of performance conditions in previous exercised options, or gross misconduct on the part of the individual.

Using a closing mid price on 19 November 2012 of 641.5 pence, awards have been granted

as follows:  

	Basic salary	150% of basic salary	Share price	Number of shares in award	Total number of LTIP options held after this award
Nick Wharton	£408,000	£612,000	641.5p	95,401	489,085
David Stead	£264,000	£396,000	641.5p	61,730	212,635

 In addition to the LTIP options noted above, Nick Wharton and David Stead each have 2,493 options under the Company's Save as You Earn Option Scheme. 

Name of authorised Company official responsible for making this notification:

Dawn Durrant, Company Secretary

0116 2644356

 

END

 

 

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