Last checked at 18 Nov 2020 15:58
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 | Number of Ordinary Shares received after settlement of tax |
Tim Stacey | Chief Executive Officer | 106,484 | 56,436 |
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Mike Schmidt | Chief 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
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investor.relations@dfs.co.uk | 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. A Tim Stacey
B Mike Schmidt
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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
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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 £0.10 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 - NilVolume - 56,436 B. Price - NilVolume - 18,968
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d) | Aggregated information - Aggregated volume - Price | A. Single transaction
B. Single transaction
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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.
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