Information  X 
Enter a valid email address

DFS Furniture PLC (DFS)

  Print   

Wednesday 18 November, 2020

DFS Furniture PLC

Director/PDMR Shareholding

RNS Number : 7802F
DFS Furniture PLC
18 November 2020
 

 

DFS Furniture PLC

18 November 2020

 

 

 

For immediate release

 

 

DFS Furniture plc

 

 

Vesting of Awards pursuant to the Company's Restricted Share Plan ("RSP")

 

DFS Furniture plc (the "Company"), announces that on 17 November 2020, awards over ordinary shares of £1.50 each in the Company ("Ordinary Shares") granted on 16 November 2017 pursuant to the Company's RSP to Tim Stacey and to Mike Schmidt, in the form of a conditional share award ("Award") vested in part. Pursuant to the sub-division of the Ordinary Shares of £1.50 each in the capital of the Company, whereby each Ordinary Share was sub-divided into one ordinary share of £0.10 and one deferred share of £1.40 in the capital of the Company (the "Sub-division"), the vested shares will be ordinary shares of £0.10 each in the Company. Shareholders of the Company approved the Sub-division at the annual general meeting of the Company on 13 November 2020.

 

 

Mr Stacey and Mr Schmidt received 56,436 and 18,968 shares, respectively, after settlement for tax.

 

 

Director / PDMR

Position

Number of Ordinary Shares vested under the Awards

N umber of Ordinary Shares received after settlement of tax

Tim Stacey

Chief Executive Officer

106,484

56,436

 

 

 

 

M ike Schmidt

C hief Financial Officer

35,789

18,968

 

Enquiries:

DFS:  (enquiries via Tulchan)

TULCHAN

Liz McDonald (Group Company Secretary)

James Macey-White

Phil Hutchinson (Investor Relations)

Jessica Reid

 

      Amber Ahluwalia

 

[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.  A Tim Stacey

 

B Mike Schmidt

 

2

Reason for the notification

a)

Position/status

A.  Chief Executive Officer

 

Chief Financial Officer

B

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 £0.10 ordinary shares  

 

ISIN: GB00BTC0LB89

 

b)

Nature of the transaction

 

Vesting of conditional share award to acquire DFS Furniture ordinary shares under the DFS Furniture plc Restricted Share Plan

c)

Price(s) and volume(s)

 

A.  P rice - Nil
Volume -
56,436
 

B.  Price - Nil
Volume - 18,968

 

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

  A.   S ingle transaction

 

B.  S ingle transaction

 

 

e)

Date of the transaction

17   November 2020

f)

Place of the transaction  

Outside a trading venue

 

 

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. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFFIFIAESSEIF

a d v e r t i s e m e n t