DFS Furniture PLC Issue of Equity (4551F)
16 Novembre 2020 - 01:47PM
UK Regulatory
TIDMDFS
RNS Number : 4551F
DFS Furniture PLC
16 November 2020
DFS Furniture PLC
16 November 2020
DFS Furniture plc - LR 3.3.2(6) RIS Announcement
DFS Furniture plc (the "Company")
Issue of shares to employee benefit trust
The Company is pleased to announce that the board of directors
of the Company (the "Board") have approved the issue and allotment
of 3,000,000 new ordinary shares of GBP0.10 each in the capital of
the Company (the "New Ordinary Shares"). The New Ordinary Shares
are to be purchased at nominal value by the DFS Furniture plc
Equity Plan Employee Trust (the "EBT"), the Company's employee
benefit trust.
The Company has applied to the Financial Conduct Authority (the
"FCA") and the London Stock Exchange (the "LSE") for the New
Ordinary Shares to be admitted to listing on the premium segment of
the official list of the FCA and to trading on the main market for
listed securities of the LSE.
The New Ordinary Shares will be issued and allotted to the
trustee of the EBT for nominal value and used for the purpose of
satisfying the vesting of outstanding awards granted between 2017
and 2019 under the DFS Furniture plc 2015 Long Term Incentive Plan,
the DFS Furniture plc 2015 Restricted Share Plan and the DFS
Furniture plc Sharesave Scheme.
Subject to approval from the FCA and the LSE, of the change in
nominal value of the Company's shares (approved by shareholders on
Friday 13 November) and the issue of the New Ordinary Shares, it is
expected that admission of the New Ordinary Shares will become
effective on Tuesday 17 November 2020. The New Ordinary Shares,
which will rank pari passu with the existing ordinary shares in
issue, will be allotted under the plans listed above.
Following the change in the nominal value of the Company's
shares and the admission of the New Ordinary Shares, the total
number of ordinary shares of GBP0.10 each in the capital of the
Company in issue will be 258,636,720, with each share (other than
treasury shares held by the Company) carrying the right to one
vote.
DFS: (enquiries via Tulchan) TULCHAN
Tim Stacey (CEO) James Macey-White
Mike Schmidt (CFO) Jessica Reid
Liz McDonald (Group Company Amber Ahluwalia
Secretary)
investor.relations@dfs.co.uk dfs@tulchangroup.com
About DFS Furniture plc
DFS is the clear market leading retailer of living room
furniture in the United Kingdom. We design, manufacture, sell and
deliver to our customers an extensive range of furniture products.
The business operates a retail network of living room furniture
stores in the United Kingdom and Europe, together with an online
channel. These have been established and developed gradually over
50 years of operating history. We attract customers to our stores
and website through our substantial and continued investment in
nationwide marketing activities and our reputation for high quality
products and service, breadth of product ranges and price points,
and favourable consumer financing options.
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END
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