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28 Nov 2011 15:06
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DUNELM GROUP plc
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NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS
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28 November 2011
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LTIP awards to Executive Directors
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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.
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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 Β£4.31 awards have been granted
as follows:
Basic salary Β | 150% of basic salary | Share price | Number of shares in award | Total number of LTIP options held after this award | |
Will Adderley Β Β | Β£265,000 Β Β | Β£397,500 | Β£4.31 | 92,227 | 288,790 |
Nick Wharton Β | Β£400,000 Β Β | Β£600,000 | Β£4.31 | 139,211 | 393,684 |
David Stead Β Β Β | Β£258,800 | Β£388,200 | Β£4.31 | 90,070 | 236,120 |
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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.
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For further information:
David Stead
0116 2644356
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