RNS Number : 7943G

DFS Furniture PLC

27 November 2020

27 November 2020

DFS Furniture plc

Grant of Options under SAYE Scheme

Employee SAYE scheme and PDMR shareholding

DFS Furniture PLC, ("DFS" or the "Company"), is pleased to announce that it has today granted share options to a PDMR and eligible employees of the Company under the Company's HMRC approved Save as You Earn scheme ("SAYE").

The SAYE 2020 plan ("2020 Plan") was open to all eligible employees of the Company, as defined in the rules of the SAYE scheme. Pursuant to the scheme, the Company has granted options over 3,032,379 ordinary shares of GBP0.10 each ("SAYE 2020 Options").

The SAYE 2020 Options have an exercise price, calculated in accordance with the rules of the SAYE, of GBP1.62 per share. The SAYE 2020 Options will normally vest and become exercisable over a 3 year vesting period from the date of grant and can be exercised within six months following vesting. The exercise of options on maturity is not dependent upon performance criteria.

DFS has granted options over ordinary shares in the capital of the Company on 27 November 2020 2020 to the following Director under the SAYE Share Option Scheme

                              Number of shares 
   Mike Schmidt    Director         11,111 

DFS's SAYE Share Option Scheme was formally launched on 16 November 2015 and made available to all permanent UK & ROI employees.

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.


 DFS: (enquiries via Tulchan)                      TULCHAN 
 Liz McDonald (Group Company                       James Macey-White 
 Phil Hutchinson (Investor Relations)              Jessica Reid 
                                                               Amber Ahluwalia 
 investor.relations@dfs.co.uk                      dfs@tulchangroup.com 


 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name 
                                         *    Mike Schmidt 
 2    Reason for the notification 
 a)   Position/status 
                                         *    Chief Financial Officer 
 b)   Initial notification              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 
 a)   Description of the financial      Vesting of options to acquire DFS Furniture 
       instrument, type of instrument    plc GBP0.10 ordinary shares 
       Identification code 
                                         ISIN: GB00BTC0LB89 
 b)   Nature of the transaction        Grant of SAYE Option over Ordinary Shares 
                                        under the Company's SAYE Plan 2020 
 c)   Price(s) and volume(s)                 A. 1.62 
                                              B. 11,111 
 d)   Aggregated information            / 
       - Aggregated volume               A. N/A 
       - Price 
                                         B. N/A 
 e)   Date of the transaction           27 November 2020 
 f)   Place of the transaction         Outside a trading venue 

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(END) Dow Jones Newswires

November 27, 2020 07:52 ET (12:52 GMT)