Information  X 
Enter a valid email address

DFS Furniture PLC (DFS)

  Print   

Friday 12 November, 2021

DFS Furniture PLC

Director/PDMR Shareholding

RNS Number : 2870S
DFS Furniture PLC
12 November 2021
 

12 November 2021

DFS Furniture plc

("the Company")

Grant of 2021 Awards under the Long-Term Incentive Plan (the "LTIP")

DFS Furniture PLC announces the following transaction by persons discharging managerial responsibility ("PDMR") in ordinary shares of the Company with a nominal value of £0.10 ("Shares") took place on 12 November 2021.

The Executive Directors of DFS Furniture plc have been granted conditional shares in DFS, as part of the Company's Long-Term Incentive Plan.  Following the approval by shareholders of the Directors' Remuneration policy at Company's AGM, the Company has today has awarded additional LTIP options to Tim Stacey, CEO, and Mike Schmidt, CFO at an award price of £2.81.

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

39,169

Mike Schmidt

Director

23,501

 Enquiries:

DFS: 

TULCHAN

Liz McDonald (Group Company Secretary)

Philip Hutchinson

James Macey-White

 

   Jessica Reid

 

[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

Grant of options to acquire DFS Furniture plc £0.10 ordinary shares  

 

ISIN: GB00BTC0LB89

 

b)

Nature of the transaction

 

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

c)

Price(s) and volume(s)

 

A.  N/A  39,169

B.  N/A   23,501

 

d)

Aggregated information

- Aggregated volume

- Price

      A.  39,169

N/A

      B.  23,501

    N/A

e)

Date of the transaction

 12 November 2021

f)

Place of the transaction  

London

 

 

 

 

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
 
 
DSHFFFFMEEFSEEF

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