Grant of Conditional Shares

RNS Number : 8777W
DFS Furniture plc
17 November 2017
 

17 November 2017

DFS Furniture plc

Grant of Conditional Shares

The Executive Directors and PDMRs of DFS Furniture plc ("DFS" or the "Company") have been granted conditional shares in DFS on 16 November 2017, as part of the Company's long-term incentive arrangements.

No consideration was payable for the grant of the conditional shares. Conditional shares granted under the 2015 Long-Term Incentive Plan (the "Conditional LTIP") will vest after a three year performance period, subject to achievement of performance measures based on adjusted EPS and relative total shareholder return measures for the Company. Conditional shares granted under the 2015 Restricted Share Plan (the "Conditional RSP") will vest after either two or three years and are subject to a share price performance condition.  As previously stated by the Company, the Executive Directors are not entitled to participate in the Conditional RSP.  All conditional shares granted are also subject to continued employment conditions. 

Details of the conditional shares granted are as follows:

Name

Status

Number of Conditional LTIP shares awarded

Number of Conditional RSP shares awarded

Ian Filby

Director

298,593

None

Nicola Bancroft

Director

128,168

None

Nick Collard

PDMR

125,000

157,552

Scott Fishburn

PDMR

50,000

88,578

Tim Stacey

PDMR

125,000

152,119

Toni Wood

PDMR

50,000

100,000

 

 

Enquiries:

DFS (enquiries via FTI)

FTI Consulting

Paul Walker (Group Company Secretary)

Jonathon Brill


Georgina Goodhew


Eleanor Purdon




+44 (0) 20 3727 1000


dfsfurniture@fticonsulting.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 upholstered and other 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 nearly 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. 


This information is provided by RNS
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