Last checked at 15 Nov 2019 07:00
15 November 2019
DFS Furniture plc
Vesting of Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")
DFS Furniture plc, announces that on 15 November 2019 the Remuneration Committee of the Company approved the vesting of an award granted on 16 November 2016 pursuant to the Company's LTIP in the form of a conditional share award ("Awards") vested in part over ordinary shares of £1.50 pence each in the Company ("Ordinary Shares").
The performance conditions of the Award were based on EPS growth and relative Total Shareholder Return. The performance period for the Award ended on 30 June 2019. Full details of the performance conditions in respect of the Award are set out in the Company's Annual Report 2019, (page 68).
The calculations to determine the vesting percentage of the Award showed that the performance conditions had been partially satisfied and that the Award had vested in respect of 28.55% of the Ordinary Shares under the Award.
Director / PDMR | Position | Number of Ordinary Shares under the Awards | Number of Ordinary Shares vested under the Awards |
Tim Stacey | Chief Executive Officer | 105,000 | 29,977 |
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
| ||
| dfs@tulchangroup.com |
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
|
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
|
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
| Vesting of nil cost share options under the DFS Furniture plc 2016 Long Term Incentive Plan |
c) | Price(s) and volume(s)
| Nil 29,977 . |
d) | Aggregated information - Aggregated volume - Price | / 29,977 (singe transaction) n/a |
e) | Date of the transaction | 15 November 2019 |
f) | Place of the transaction | Outside a trading venue |