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1 Mar 2018 07:00
DUNELM GROUP plc
(the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS
1 March 2018
LTIP award granted to Nick Wilkinson
A conditional award under the Company's Long Term Incentive Plan (LTIP) has been granted on 28 February 2018 over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, as follows:
Name | Position | Number of shares in award |
Nick Wilkinson | Chief Executive | 110,000 |
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 28 February 2021, subject to the satisfaction of a performance condition over the three financial years commencing on 2 July 2017, as set out below:
Growth in fully diluted EPS | Percentage of LTIP award vesting |
Below RPI plus 3% per annum | 0% |
RPI plus 3% per annum | 10% |
Between RPI plus 3% and RPI plus 15% per annum | Pro-rata between 10% and 100% |
RPI plus 15% per annum | 100% |
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), pursuant to the "Lifetime Lock-in" described in the 2017 Policy.
The award is subject to malus and claw back provisions in the case of mis-statement of performance to which a previous LTIP award relates, miscalculation of performance conditions in previous exercised options, or gross misconduct 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:
Name | Share scheme | Number of shares | Exercise price per share | Exercise dates |
Nick Wilkinson | Long Term Incentive Plan | 110,000 | Nil | Between 28 February 2021 and 27 February 2028 |
In addition to the above, Nick Wilkinson has a beneficial interest in ordinary shares of one pence in the Company as follows:
Director | Number of ordinary shares |
Nick Wilkinson | 38,855 |
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
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nick Wilkinson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive | ||||
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
| 213800WCOWEI3T5DUV19 | ||||
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 of one pence each
ISINGB00BICQ739
| ||||
b)
| Nature of the transaction
| Grant of conditional nil cost options under the Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
110,000
Nil | ||||
e)
| Date of the transaction
| 2018.02.28 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2018.03.01 |
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