Last checked at 15 Nov 2019 07:00
15 November 2019
DFS Furniture plc
Vesting of Awards pursuant to the Company's Restricted Share Plan ("RSP")
DFS Furniture plc, announces that on 15 November 2019 an award granted on 16 November 2017 pursuant to the Company's RSP to Tim Stacey, in the form of a conditional share award ("Award") over ordinary shares of £1.50 pence each in the Company ("Ordinary Shares") vested in part. In accordance with the deed of grant 30% of the Award vested on the second anniversary of the deed of grant with the remaining 70% of the Award vesting on the third anniversary of the deed of grant. The Award was granted to Tim Stacey prior to his appointment as an Executive Director
Director / PDMR | Position | Number of Ordinary Shares under the Awards | Number of Ordinary Shares vested under the Awards |
Tim Stacey | Chief Executive Officer | 152,119 | 45,635 |
Enquiries:
DFS: (enquiries via Tulchan) | TULCHAN | ||
Liz McDonald (Group Company Secretary) | James Macey-White | ||
Phil Hutchinson (Investor Relations) | Jessica Reid | ||
investor.relations@dfs.co.uk | Amber Ahluwalia
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dfs@tulchangroup.com | |||
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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
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2 | Reason for the notification | |
a) | Position/status | A. Chief Executive 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
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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
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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
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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. Price nil B. Volume 45,635
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d) | Aggregated information - Aggregated volume - Price |
Volume 45,635 (single transaction) nil |
e) | Date of the transaction | 15 November 2019 |
f) | Place of the transaction | Outside a trading venue |