Last checked at 21 Sep 2016 07:00
21 September 2016
Dunelm Group plc
(the "Company")
Notification of Transactions of Connected Parties to Persons Discharging Managerial Responsibilities
The Company has been notified that on 19 and 20 September 2016 the following transactions took place:
On 19 September 2016, WA Capital Limited ("WA Capital"), a company controlled by Will Adderley, Deputy Chairman, and Nadine Adderley his wife, transferred 18,000,000 ordinary shares having a par value of 1 pence each in the capital of the Company, constituting 8.9 % of the Company's issued ordinary share capital, to WA Capital Investments Limited ("WA Capital Investments"), a wholly owned subsidiary of WA Capital, at market value. There was no change in the ultimate beneficial ownership of the shares in the Company as a result of this transfer.
On 20 September 2016, WA Capital Investments entered into a loan facility with Barclays Bank plc ("the Bank"), and granted a security interest in favour of the Bank over 18,000,000 ordinary shares having a par value of 1 pence each in the capital of the Company, constituting 8.9% of the Company's issued share capital, as security for any amounts which may be due from time to time under the facility.
WA Capital Investments remains the beneficial owner of the shares subject to the pledge, and retains full voting rights. As such, Will Adderley retains an interest in 55,301,779 shares in the Company, which is unchanged as a result of this announcement, and represents 27.4% of the Company's issued ordinary share capital. Full details of his shareholding are set out below:
Holding of Dunelm ordinary shares | |
WA Capital Limited | 36,161,779 |
WA Capital Investments Limited
| 18,000,000 |
The Stoneygate Trust | 967,250 |
The Paddocks Discretionary Settlement
| 172,750 |
Total holding | 55,301,779 |
Pursuant to the agreement entered into between WA Capital and UBS AG in connection with the sale of shares by WA Capital, announced by the Company on 13 April 2016, WA Capital agreed not to dispose of, or grant any rights over, any shares in the Company prior to 13 October 2016. In connection with the loan facility above, UBS AG has agreed to waive this restriction in relation to 18,000,000 ordinary shares.
Ends
For further information, please contact
Dunelm Group plc Dawn Durrant, Company Secretary |
011 6264 4439 |
MHP Communications |
|
John Olsen | 020 3128 8759 |
Simon Hockridge |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMRS AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | WA Capital Limited
| ||||||
2 | Reason for the notification | |||||||
a) | Position/status
| Person closely associated with Will Adderley, Deputy Chairman | ||||||
b) | Initial notification/Amendment
| Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Dunelm Group plc
| ||||||
b) | LEI | 213800WCQWE13T5DUV19 | ||||||
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
| Ordinary Shares
ISINGB00BICQ739 | ||||||
b) | Nature of the transaction
| Transfer to WA Capital Investments Limited , a wholly owned subsidiary of WA Capital Limited and person closely associated with Will Adderley, Deputy Chairman | ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price | NA | ||||||
e) | Date of the transaction
| 2016-09- 19 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON)
| ||||||
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMRS AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | WA Capital Investments Limited
| ||||||
2 | Reason for the notification | |||||||
a) | Position/status
| Person closely associated with Will Adderley, Deputy Chairman | ||||||
b) | Initial notification/Amendment
| Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Dunelm Group plc
| ||||||
b) | LEI | 213800WCQWE13T5DUV19 | ||||||
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
| Ordinary Shares
ISINGB00BICQ739 | ||||||
b) | Nature of the transaction
| Security interest in favour of Barclays Bank plc | ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price | NA | ||||||
e) | Date of the transaction
| 2016-09-20 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON)
| ||||||