SHARE BUYBACK PROGRAMME

RNS Number : 3930W

DFS Furniture PLC

10 December 2019

 

10 December 2019

For immediate release

DFS Furniture plc  ("DFS" and the "Company")

Commencement of treasury buyback programme

DFS Furniture plc ("DFS" or the "Company") announces that a programme to purchase up to 400,000 ordinary shares of 150p will commence immediately for a period of up to one month (the "Buyback").  The Buyback will be made under its existing buyback authority and the shares purchased will be held in treasury with the expectation that they will be utilised to satisfy employee share based award obligations as and when required.

The Company has entered into a non-discretionary agreement with Jefferies International to conduct the Buyback on its behalf and to make trading decisions under the programme independently of the Company.  The Buyback will be conducted within the certain parameters including those prescribed by the Market Abuse Regulation 596/2014, the Commission Delegated Regulation (EU) 2016/1052 and Chapter 12 of the Listing Rules.

Enquiries:                 

DFS (enquiries via Tulchan)	TULCHAN
Tim Stacey (CEO) Mike Schmidt (CFO) Liz McDonald (Company Secretary) Phil Hutchinson (Investor Relations) [e-mail]	James Macey-White Jessica Reid Amber Ahluwalia [e-mail]

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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