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24 Sep 2009 14:33
24 September 2009
DUNELM GROUP plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
Conditional awards over ordinary shares in Dunelm Group plc in the form of a nil cost option have been granted to Will Adderley, Chief Executive and David Stead, Finance Director, under the Company's Long Term Incentive Plan (LTIP) on 24 September 2009.
The maximum award under the LTIP is 120% of basic salary for each executive director. This will vest, subject to the performance conditions, following publication of results for the year to 30 June 2012.
Using a closing mid price on 18 September 2009 of 316p, awards have been granted as follows:
Will Adderley: conditional award over 123,949 shares
|
Basic salary |
Basic x 120% |
Share price |
No. of shares under award |
Total no. of LTIP options held |
|
£326,400 |
£391,680 |
£3.16 |
123,949 |
724,572 |
David Stead: conditional award over 85,215 shares
|
Basic salary |
Basic x 120% |
Share price |
No. of shares under award |
Total no. of LTIP options held |
|
£224,400 |
£269,280 |
£3.16 |
85,215 |
490,515 |
-
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 2644400
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