Last checked at 28 Nov 2011 15:06
DUNELM GROUP plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS
28 November 2011
LTIP awards to Executive Directors
Conditional awards under the Company's Long-Term Incentive Plan (LTIP) have been granted today over ordinary shares in Dunelm Group plc, in the form of a nil cost option, to the following executive directors: Will Adderley, Deputy Chairman, Nick Wharton, Chief Executive, and David Stead, Finance Director.
The maximum award under the LTIP is 150% of basic salary for each executive director.
The awards will vest, subject to continued employment and to the performance conditions being met, following publication of the Company's results for the year to 30 June 2014.
Using a closing mid price on 25 November 2011 of £4.31 awards have been granted
as follows:
Basic salary
| 150% of basic salary | Share price | Number of shares in award | Total number of LTIP options held after this award | |
Will Adderley
| £265,000
| £397,500 | £4.31 | 92,227 | 288,790 |
Nick Wharton
| £400,000
| £600,000 | £4.31 | 139,211 | 393,684 |
David Stead
| £258,800 | £388,200 | £4.31 | 90,070 | 236,120 |
In addition to the LTIP options noted above, Will Adderley and David Stead each
have 7,710 options under the Company's Save as You Earn Option Scheme.
For further information:
David Stead
0116 2644356