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DFS Furniture PLC (DFS)

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Wednesday 01 December, 2021

DFS Furniture PLC

Director/PDMR Shareholding

RNS Number : 0995U
DFS Furniture PLC
01 December 2021
 

 

 

 

 

 

DFS Furniture plc

 

 

Vesting of Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")

 

DFS Furniture plc (the "Company"), announces that on 30 November 2021, awards over ordinary shares of £0.10 each in the Company ("Ordinary Shares") granted on 30 November 2018 pursuant to the Company's LTIP to Tim Stacey and to Mike Schmidt, in the form of a conditional share award ("Award") vested in full.

 

 

Director / PDMR

Position

Number of Ordinary Shares vested under the Awards including Dividend Equivalent Shares

Number of Ordinary Shares received after settlement of tax

Tim Stacey

Chief Executive Officer

313,904

166,369

 

 

 

 

M ike Schmidt

C hief Financial Officer

35,703

18,922

 

On  30 November 2021, Mr Stacey sold  147,535   and Mr Schmidt sold 16,781 shares at an average price of £2.46 per share for the purpose of meeting their respective tax liability on the shares acquired on vesting. 

 

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. 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 £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 Long Term Incentive Plan

c)

Price(s) and volume(s)

 

A.  P rice - N/A
Volume - 166,369

 

B.  P rice - N/A
Volume - 18,922

 

 

 

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

  A.   S ingle transaction

      B.  S ingle transaction

 

 

e)

Date of the transaction

30  November 2021

f)

Place of the transaction  

Outside a trading venue

 

 

About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the United Kingdom. Our Group purpose is to bring great design and comfort into every living room, in an affordable, responsible and sustainable manner.  We operate an integrated physical and digital retail network of living room furniture showrooms and web sites in the United Kingdom, Republic of Ireland, Netherlands and Spain, trading through our leading brands, DFS, Sofology and Dwell. We attract customers through our targeted and national marketing activities and our reputation for high quality products and service, breadth of product offer and favourable consumer financing options.  We fulfil orders for our exclusive product ranges through our own three UK finished goods factories, and through manufacturing partners located in the UK, Europe and Far East, and delivered with care through our expert final-mile delivery service "The Sofa Delivery Company".  

 

 

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