Purchase of shares by Employee Benefit Trust

Summary by AI BETAClose X

DFS Furniture PLC has announced the completion of a share purchase by its Employee Benefit Trust, which acquired 1,594,929 ordinary shares at an average price of £1.28, funded by a £5.8 million gift from the Company. Following this transaction, the Trust now holds 4,486,163 ordinary shares, representing 1.9% of the Company's issued share capital of 236,000,000 ordinary shares. These shares are designated for satisfying employee share options and restricted share releases, including those for Persons Discharging Managerial Responsibility.

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