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Dunelm Group plc (DNLM)

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Thursday 17 October, 2019

Dunelm Group plc

Director/PDMR Shareholding

RNS Number : 1355Q
Dunelm Group plc
17 October 2019
 

 

 

 DUNELM GROUP plc

(the "Company")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

 

 

17 October 2019

 

LTIP award granted to Nick Wilkinson and Laura Carr

 

On 16 October 2019, conditional awards under the Company's Long Term Incentive Plan (LTIP) have been granted to Nick Wilkinson (Chief Executive) and Laura Carr (Chief Financial Officer) over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option.

 

Using a closing mid price on 15 October 2019 of 817 pence, awards have been granted

as follows:   

 

Name

Basic salary

 

200% of basic salary

Share price used to calculate number of nil cost options

Number of shares in award

Nick Wilkinson

 

£551,412

 

 

£1,102,824

817p

134,984

Name

Basic salary

160% of basic salary

Share price used to calculate number of nil cost options

Number of shares in award

Laura Carr

£365,000

 

£584,000

817p

71,481

 

 

The award is made in accordance with the 2017 Remuneration Policy approved by shareholders on 21 November 2017 (the "2017 Policy").

 

The option may be exercised on or after 16 October 2022, subject to the satisfaction of a performance condition over the three financial years commencing on 30 June 2019, as set out below:

 

Growth in fully diluted EPS

Percentage of LTIP award vesting

Below RPI plus 3% per annum

0%

RPI plus 3% per annum

10%

Between RPI plus 3% and RPI plus 12% per annum

Pro-rata between 10% and 100%

RPI plus 12% per annum and above

100%

 

 

On exercise, Mr Wilkinson and Mrs Carr have each committed to retain two thirds of the shares vesting (after sale to cover their tax and national insurance liability on exercise), for the duration of employment, and 50% of these for a further two years. 

 

The award is subject to malus and clawback provisions in the following circumstances:

·      a material misstatement of any Group Member's financial results;

·      a material error in assessing a performance condition applicable to the Award or in the information or assumptions on which the Award was granted or Vests:

·      a material failure of risk management in any Group Member or a relevant business unit

·      serious reputational damage to any Group Member or a relevant business unit;

·      serious misconduct or material error on the part of the individual;

·      a material corporate failure as determined by the Board; or

·      any other circumstances which the Remuneration Committee in its discretion considers to be similar in their nature or effect to those set out above; or

·      fraud on the part of the individual.

 

Including the award set out above, Nick Wilkinson and Laura Carr 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

110,000

Nil

Between 28 February 2021 and 27 February 2028

Nick Wilkinson

Long Term Incentive Plan

 180,802

Nil

Between 17 October 2021 and 16 October 2028

Nick Wilkinson

Long Term Incentive Plan

 134,984

Nil

Between 16 October 2022 and 15 October 2029

Nick Wilkinson

2019 - 21 Sharesave

    3,757

479.0p

Between 1 January 2022 and 30 June 2022

Laura Carr

Long Term Incentive Plan

 105,893

Nil

Between 30 November 2021 and 29 November 2028

Laura Carr

Long Term Incentive Plan

  71,481

Nil

Between 16 October 2022 and 15 October 2029

 

 

In addition to the above, Nick Wilkinson and Laura Carr have a beneficial interest in ordinary shares of one pence in the Company as follows:

 

 

Director

Number of ordinary shares

Nick Wilkinson

113,752

Laura Carr

  36,000

 

 

Name of authorised Company official responsible for making this notification:

 

Dawn Durrant, Company Secretary

                                                                             

0116 26444439 

For further information please contact:

Dunelm Group plc

0116 264 4439

Dawn Durrant, Company Secretary

 

 

MHP Communications

020 3128 8570

Simon Hockridge / Tim Rowntree / Pete Lambie

[email protected]

 

 

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

134,984

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

 134,984

 

 

 Nil

e)

 

Date of the transaction

 

 

2019.10.16

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

Name of officer of issuer responsible for making notification: Dawn Durrant

Date of notification: 2019.10.17

 



DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Laura Carr

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

  71,481

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

  71,481  

 

   Nil

e)

 

Date of the transaction

 

 

2019.10.16

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

Name of officer of issuer responsible for making notification: Dawn Durrant

Date of notification: 2019.10.17

 

 

 

 


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