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DFS Furniture PLC (DFS)

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Thursday 08 October, 2020

DFS Furniture PLC

Director/PDMR Shareholding

RNS Number : 5423B
DFS Furniture PLC
08 October 2020
 

 

08 October 2020

DFS Furniture plc

Grant of 2020 Awards under the Long-Term Incentive Plan (the "LTIP")

The Executive Directors of DFS Furniture plc (the "Company") have been granted conditional shares in DFS on 6  October 2020, as part of the Company's Long-Term Incentive Plan.

No consideration was payable for the grant of the awards.  Conditional share awards granted under the LTIP will vest after a three year performance period, subject to achievement of the performance measures.  The performance measures are based on Adjusted Earnings Per Share ("EPS") and Relative Total Shareholder Return ("TSR"). 

Details of the conditional share awards under the LTIP are as follows:

Name

Status

Number of conditional shares awarded

Tim Stacey

Director

347,356

Mike Schmidt

Director

208,413

After careful consideration, and as a direct impact of the current trading and financial environment, target setting for the LTIP Awards has been delayed until appropriately stretching but realistic targets can be set.  In accordance with the Investment Association guidance, targets for the Adjusted EPS and relative Total Shareholder Return measures attaching to these LTIP Awards will be set and disclosed no later than 2nd April 2021.  Further details are also provided in the Company's 2020 Annual Report due to be published on 15 October 2020. 

  Enquiries:

DFS:  (enquiries via FTI)

TULCHAN

Tim Stacey (CEO)

James Macey-White

Mike Schmidt (CFO)

Jessica Reid

LizMcDonald (Group Company Secretary)

 

  Amber Ahluwalia

 

Phil Hutchinson (Investor Relations)

 

[email protected]

 

 

 

[email protected]

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

.  A. Tim Stacey

.  B. Mike Schmidt

 

2

Reason for the notification

a)

Position/status

.  A. Chief Executive Officer

.  B. 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

DFS Furniture plc

b)

LEI

213800GDSOBNKS1U1P93

 

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

Vesting of options to acquire DFS Furniture plc £1.50 ordinary shares  

 

ISIN: GB00BTC0LB89

 

b)

Nature of the transaction

 

Granting of nil cost share options under the DFS Furniture plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

 

A.  N/A  347,356

B.  N/A   208,413  

 

d)

Aggregated information

- Aggregated volume

- Price

 / 

A.     347,275

N/A

      B.   208,413

   .  N/A

e)

Date of the transaction

6 October 2020

f)

Place of the transaction  

London

 

 

 

 

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