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DFS Furniture PLC (DFS)

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Friday 15 November, 2019

DFS Furniture PLC

Director/PDMR Shareholding

RNS Number : 4859T
DFS Furniture PLC
15 November 2019
 

15 November 2019

 

DFS Furniture plc

 

 

Vesting of Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")

 

DFS Furniture plc, announces that on 15 November 2019 the Remuneration Committee of the Company approved the vesting of an award granted on 16 November 2016 pursuant to the Company's LTIP in the form of a conditional share award ("Awards") vested in part over ordinary shares of £1.50 pence each in the Company ("Ordinary Shares").

 

The performance conditions of the Award were based on EPS growth and relative Total Shareholder Return.  The performance period for the Award ended on 30 June 2019. Full details of the performance conditions in respect of the Award are set out in the Company's Annual Report 2019, (page 68).

 

The calculations to determine the vesting percentage of the Award showed that the performance conditions had been partially satisfied and that the Award had vested in respect of 28.55% of the Ordinary Shares under the Award.  

 

Director / PDMR

Position

Number of Ordinary Shares under the Awards

Number of Ordinary Shares vested under the Awards

Tim Stacey

Chief Executive Officer

105,000

29,977

 

Enquiries:

DFS: (enquiries via Tulchan)

TULCHAN

Liz McDonald (Group Company Secretary)

James Macey-White

Phil Hutchinson (Investor Relations)

Jessica Reid

[email protected]

 

 

 

           Amber Ahluwalia

 

 

[email protected]

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

A.  Tim Stacey

 

2

Reason for the notification

a)

Position/status

A.   Chief Executive Officer

B

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

DFS Furniture plc

b)

LEI

213800GDSOBNKS1U1P93

 

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

Vesting of options to acquire DFS Furniture plc £1.50 ordinary shares  

 

ISIN: GB00BTC0LB89

 

b)

Nature of the transaction

 

Vesting of nil cost share options under the DFS Furniture plc 2016 Long Term Incentive Plan

c)

Price(s) and volume(s)

 

  Nil

  29,977

d)

Aggregated information

- Aggregated volume

- Price

 

29,977 (singe transaction)

n/a

e)

Date of the transaction

15 November 2019

f)

Place of the transaction  

  Outside a trading venue

 


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