DFS Furniture PLC Director/PDMR Shareholding (2950Q)
17 Ottobre 2023 - 8:00AM
UK Regulatory
TIDMDFS
RNS Number : 2950Q
DFS Furniture PLC
17 October 2023
17 October 2022
DFS Furniture plc
("the Company")
Grant of 2023 Awards under the Long-Term Incentive Plan (the
"LTIP")
DFS Furniture PLC announces the following transaction by persons
discharging managerial responsibility ("PDMR") in ordinary shares
of the Company with a nominal value of GBP0.10 ("Shares") took
place on 16 October 2023.
The Executive Directors of DFS Furniture plc have been granted
conditional shares in DFS, as part of the Company's Long-Term
Incentive Plan. Under the terms of the LTIP, the quantum of the
2021 LTIP Options awarded was 175% of the equivalent salary of Tim
Stacey, CEO, and 140% of the equivalent salary of John Fallon and
the 2023 LTIP Options were granted at an award price of GBP1.02
No consideration was payable for the grant of the awards.
Conditional share awards granted under the LTIP will vest after a
three-year performance period, subject to achievement of the
performance measures. The performance measures are based on
Adjusted Earnings Per Share ("EPS") and Relative Total Shareholder
Return ("TSR").
Details of the conditional share awards under the LTIP are as
follows:
Name Status Number of conditional
shares awarded
Tim Stacey Executive Director 860,120
-------------------- ----------------------
John Fallon Executive Director 546,486
-------------------- ----------------------
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
B. John Fallon
------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status A. Chief Executive Officer
B. Chief Financial Officer
------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------- -----------------------------------------------
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 Grant of options to acquire DFS Furniture
instrument, type of instrument plc GBP0.10 ordinary shares
Identification code ISIN: GB00BTC0LB89
------------------------------- -----------------------------------------------
b) Nature of the transaction Granting of nil cost share options under
the DFS Furniture plc 2015 Long Term Incentive
Plan
------------------------------- -----------------------------------------------
c) Price(s) and volume(s) A. GBP1.02
860,120
B. GBP1.02
546,486
------------------------------- -----------------------------------------------
d) Aggregated information Not applicable - single transactions
- Aggregated volume
- Price
------------------------------- -----------------------------------------------
e) Date of the transaction 16 October 2023
------------------------------- -----------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -----------------------------------------------
Enquiries:
DFS Teneo
Liz McDonald (Group Company James Macey-White
Secretary) +44 (0)20 7353 4200
Phil Hutchinson (Investor 85fs.dfs@teneo.com
Relations)
investor.relations@dfs.co.uk
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 and the Republic of
Ireland, trading through our leading brands, DFS and Sofology. 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 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 Limited".
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END
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