Dunelm Regulatory News (DNLM)

18 October 2018

 DUNELM GROUP plc

(the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

LTIP award granted to Nick Wilkinson

On 17 October 2018, a conditional award under the Company's Long Term Incentive Plan (LTIP) has been granted to Nick Wilkinson over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option.

Using a closing mid price on 16 October 2018 of 598 pence, an award has been granted

as follows:

The award is made in accordance with the 2017 Remuneration Policy approved by shareholders on 21 November 2017 (the "2017 Policy").

The option may be exercised on or after 17 October 2021, subject to the satisfaction of a performance condition over the three financial years commencing on 1 July 2018, as set out below:

On exercise, Mr Wilkinson has committed to retain two thirds of the shares vesting (after sale to cover his tax and national insurance liability on exercise), for the duration of his employment, and 50% of these for a further two years. 

The award is subject to malus and clawback provisions in the following circumstances:

· a material misstatement of any Group Member's financial results;

· a material error in assessing a performance condition applicable to the Award or in the information or assumptions on which the Award was granted or Vests:

· a material failure of risk management in any Group Member or a relevant business unit

· serious reputational damage to any Group Member or a relevant business unit;

· serious misconduct or material error on the part of the individual;

· a material corporate failure as determined by the Board; or

· any other circumstances which the Remuneration Committee in its discretion considers to be similar in their nature or effect to those set out above; or

· fraud on the part of the individual.

Including the award set out above, Nick Wilkinson holds options over the Company's ordinary shares as follows:

In addition to the above, Nick Wilkinson has a beneficial interest in ordinary shares of one pence in the Company as follows:

Name of authorised Company official responsible for making this notification:

Dawn Durrant, Company Secretary

0116 26444439 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES