Last checked at 23 Nov 2020 07:00
DUNELM GROUP plc
(the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS
23 November 2020
Share incentive awards granted to Nick Wilkinson and Laura Carr
On 20 November 2020 share incentive awards were granted to Nick Wilkinson (Chief Executive) and Laura Carr (Chief Financial Officer) as set out below.
The awards have been made in accordance with the 2020 Remuneration Policy approved by shareholders on 17 November 2020 (the "2020 Policy").
Long Term Incentive Plan
Awards were granted over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option.
Using a closing mid price on 19 November 2020 of 1186 pence, awards have been granted
as follows:
Name | Basic salary
| 200% of basic salary | Share price used to calculate number of nil cost options | Number of shares in award |
Nick Wilkinson
| £562,440
| £1,124,880 | 1186p | 94,846 |
Name | Basic salary | 180% of basic salary | Share price used to calculate number of nil cost options | Number of shares in award |
Laura Carr | £383,250
| £689,850 | 1186p | 58,166 |
The option may be exercised on or after 20 November 2023, subject to the satisfaction of performance conditions over the three financial years commencing on 28 June 2020.
On exercise, Mr Wilkinson and Mrs Carr have each committed to retain all of the shares vesting (after sale to cover their tax and national insurance liability on exercise), until 20 November 2025, and at least two thirds of these for the duration of employment. In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2020 Policy.
The award is subject to adjustment, malus and clawback as set out in the 2020 Policy and the rules of the plan.
Share Bonus Award
Awards were granted over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, as follows.
Name | Description | Number of shares in award | Vesting September 2021 | Vesting September 2022 |
Nick Wilkinson
| Share Bonus award in respect of FY19-20 annual bonus
| 11,594
| 5797 | 5797 |
| Share bonus award in respect of FY20-21 annual bonus* | 59,130* | 29,565* | 29,565* |
Name |
|
|
|
|
Laura Carr | Share Bonus award in respect of FY19-20 annual bonus
| 7,675
| 3,837 | 3,838 |
| Share bonus award in respect of FY20-21 annual bonus* | 40,291* | 20,145* | 20,146* |
\* The award in respect of the FY21 annual bonus is subject to the satisfaction of a performance condition in respect of the FY21 financial year. The award in respect of the FY20 annual bonus is not subject to a performance condition as the quantum reflects bonus earned in that year after applying performance critera.
On exercise, Mr Wilkinson and Mrs Carr have each committed to retain at least two thirds of the shares vesting (after sale to cover their tax and national insurance liability on exercise) for the duration of employment. In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2020 Policy.
The award is subject to adjustment, malus and clawback as set out in the 2020 Policy and the rules of the plan.
Total interests in shares
Including the awards set out above, Nick Wilkinson and Laura Carr hold 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 (performance condition applied) | 21,780 | Nil | Between 28 February 2021 and 27 February 2028 |
Nick Wilkinson | Long Term Incentive Plan (subject to performance) | 180,802 | Nil | Between 17 October 2021 and 16 October 2028 |
Nick Wilkinson | Long Term Incentive Plan (subject to performance) | 134,984 | Nil | Between 16 October 2022 and 15 October 2029 |
Nick Wilkinson | Long Term Incentive Plan (subject to performance) | 94,846 | Nil | Between 20 November 2023 and 19 November 2030 |
Nick Wilkinson | Share Bonus Award FY20 (performance condition applied)
| 11,594 | Nil | 5,797 in September 2021 5,797 in September 2022 |
Nick Wilkinson | Share Bonus Award FY21 (subject to performance) | 59,130 | Nil | 29,565 in September 2021 29,565 in September 2022 |
Nick Wilkinson | 2019 - 21 Sharesave | 3,757 | 479.0p | Between 1 January 2022 and 30 June 2022 |
Laura Carr | Long Term Incentive Plan (subject to performance) | 105,893 | Nil | Between 30 November 2021 and 29 November 2028 |
Laura Carr | Long Term Incentive Plan (subject to performance) | 71,481 | Nil | Between 16 October 2022 and 15 October 2029 |
Laura Carr | Long Term Incentive Plan (subject to performance) | 58,166 | Nil | Between 20 November 2023 and 19 November 2030 |
Laura Carr | Share Bonus Award FY20 (performance condition applied | 7,675 | Nil | 3,837 in September 2021 3,838 in September 2022 |
Laura Carr | Share Bonus Award FY21 (subject to performance) | 40,291 | Nil | 20,145 in September 2021 20,146 in September 2022 |
Laura Carr | 2020-22 Sharesave | 2,752 | 654.0p | Between 1 January 2023 and 30 June 2023 |
In addition to the above, Nick Wilkinson and Laura Carr have a beneficial interest in ordinary shares of one pence in the Company as follows:
Director | Number of ordinary shares |
Nick Wilkinson | 113,752 |
Laura Carr | 36,000 |
Name of authorised Company official responsible for making this notification:
Dawn Durrant, Company Secretary
For further information please contact:
Dunelm Group plc | Investorrelations@dunelm.com |
Dawn Durrant, Company Secretary |
|
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
|
94,846
Nil | ||||
e)
| Date of the transaction
| 2020.11.20 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23 |
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 unconditional nil cost options under the Dunelm 2020 Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
11,594
Nil | ||||
e)
| Date of the transaction
| 2020.11.20 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23 |
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 Dunelm 2020 Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
59,130
Nil | ||||
e)
| Date of the transaction
| 2020.11.20 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23 |
DUNELM GROUP PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Laura Carr | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
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
|
58,166
Nil | ||||
e)
| Date of the transaction
| 2020.11.20 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23 |
DUNELM GROUP PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Laura Carr | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
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 unconditional nil cost options under the Dunelm 2020 Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
7,675
Nil | ||||
e)
| Date of the transaction
| 2020.11.20 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23 |
DUNELM GROUP PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Laura Carr | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
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 Dunelm 2020 Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
40,291
Nil | ||||
e)
| Date of the transaction
| 2020.11.20 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2020.11.23 |