Director/PDMR Shareholding

RNS Number : 4055E

Dunelm Group plc

28 October 2022

 

28 October 2022

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS EXERCISING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

Share incentive awards granted to Nick Wilkinson and Karen Witts

On 27 October 2022 share incentive awards were granted to Nick Wilkinson (Chief Executive) and Karen Witts (Chief Financial Officer) as set out below.

The awards have been made in accordance with the 2020 remuneration policy approved by shareholders on 17 November 2020 (the "2020 Policy").

Long Term Incentive Plan

Awards were granted over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option.

Using the average closing share price over the three days preceding the grant date being 27 October 2022, awards have been granted as follows:

Name	Salary	200% of salary	Share price used to calculate number of nil cost options	Number of shares in award
Nick Wilkinson	£582,125	£1,164,250	£8.33	139,765
Karen Witts	£450,000	£900,000	£8.33	108,043

The options may be exercised on or after 27 October 2025, subject to the satisfaction of performance conditions over the three financial periods commencing on 3 July 2022.  These performance conditions are detailed in the Company's FY22 Annual Report.

On exercise, Mr Wilkinson and Mrs Witts have each committed to retain all of the shares vesting (after sale to cover tax and national insurance liability on exercise), until 27 October 2027, and at least two thirds of these for the duration of employment. In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2020 Policy.

In line with its 2020 Policy, the Remuneration Committee can apply malus or clawback to the award and has discretion to vary formulaic outturns where this does not reflect underlying performance or is inappropriate in the context of unexpected or unforeseen circumstances.

Total interests in shares

Following the transactions set out above, Mr Wilkinson and Karen Witts are beneficially interested in ordinary shares of one pence each in the Company as follows:

Director	Number of ordinary shares
Nick Wilkinson	266,409
Karen Witts	24,918

Nick Wilkinson and Karen Witts also hold options over the Company's ordinary shares as follows:

Name	Share scheme	Number of shares	Exercise price per share	Exercise dates
Nick Wilkinson	Long Term Incentive Plan	152,025*	Nil	Between now and 15 October 2029
Nick Wilkinson	Long Term Incentive Plan (subject to performance)	94,846	Nil	Between 20 November 2023 and 19 November 2030
Nick Wilkinson	Long Term Incentive Plan (subject to performance)	89,078	Nil	Between 20 October 2024 and 19 October 2031
Nick Wilkinson	2022-2024 Sharesave	1,720	1,046p	Between 1 January 2025 and 30 June 2025
Karen Witts	Long Term Incentive Plan (subject to performance)	73,979	Nil	Between 9 June 2025 and 8 June 2032

*Includes 17,041 shares by way of special dividend equivalent

For further information please contact: 

Dunelm Group plc Dawn Durrant, Company Secretary	[e-mail]
MHP Communications
Simon Hockridge/Rachel Farrington/Pete Lambie	[e-mail]

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Wilkinson
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Dunelm Group plc
b)	LEI	213800WCOWEI3T5DUV19
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 instrument, type of instrument Identification code	Ordinary shares of one pence each  ISINGB00BICQ739
b)	Nature of the transaction	Grant of conditional nil cost options under the Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 139,765
d)	Aggregated information - Aggregated volume - Price	139,765 £Nil
e)	Date of the transaction	2022.10.27
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Karen Witts
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Dunelm Group plc
b)	LEI	213800WCOWEI3T5DUV19
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 instrument, type of instrument Identification code	Ordinary shares of one pence each  ISINGB00BICQ739
b)	Nature of the transaction	Grant of conditional nil cost options under the Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 108,043
d)	Aggregated information - Aggregated volume - Price	108,043 £Nil
e)	Date of the transaction	2022.10.27
f)	Place of the transaction	London Stock Exchange (XLON)

 

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