REG - DFS Furniture PLC - Director/PDMR Shareholding

DFS FurnitureAnnouncement

17/10/2023 07:00

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RNS Number : 2950Q  DFS Furniture PLC  17 October 2023

17  October 2022

DFS Furniture plc

("the Company")

Grant of 2023 Awards under the Long-Term Incentive Plan (the "LTIP")

DFS Furniture PLC announces the following transaction by  persons discharging
managerial responsibility ("PDMR") in ordinary shares of the Company with a
nominal value of £0.10 ("Shares") took place on  16  October 2023.

The Executive Directors of DFS Furniture plc have been granted conditional
shares in DFS, as part of the Company's Long-Term Incentive Plan.  Under the
terms of the LTIP, the quantum of the 2021 LTIP Options awarded was 175% of
the equivalent salary of Tim Stacey, CEO, and 140% of the equivalent salary
of John Fallon  and the 2023 LTIP Options were granted at an award price of
£1.02

No consideration was payable for the grant of the awards.  Conditional share
awards granted under the LTIP will vest after a three-year performance period,
subject to achievement of the performance measures.  The performance measures
are based on Adjusted Earnings Per Share ("EPS") and Relative Total
Shareholder Return ("TSR").

Details of the conditional share awards under the LTIP are as follows:

 Name         Status              Number of conditional shares awarded
 Tim Stacey   Executive Director  860,120
 John Fallon  Executive Director  546,486

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                           A. Tim Stacey

                                                                    B. John Fallon
 2   Reason for the notification
 a)  Position/status                                                A. Chief Executive Officer

                                                                    B. 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                                                         DFS Furniture plc
 b)  LEI                                                          213800GDSOBNKS1U1P93

 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  Grant of options to acquire DFS Furniture plc £0.10 ordinary shares

     Identification code                                          ISIN: GB00BTC0LB89
 b)  Nature of the transaction                                    Granting of nil cost share options under the DFS Furniture plc 2015 Long Term

                                                            Incentive Plan

 c)  Price(s) and volume(s)                                       A.  £1.02

                                                                  860,120

                                                                  B.  £1.02

                                                                  546,486
 d)  Aggregated information                                       Not applicable - single transactions

     - Aggregated volume

     - Price
 e)  Date of the transaction                                       16 October 2023
 f)  Place of the transaction                                     Outside of a trading venue

  Enquiries:

 DFS                                      Teneo

 Liz McDonald (Group Company Secretary)   James Macey-White

 Phil Hutchinson (Investor Relations)     +44 (0)20 7353 4200

 investor.relations@dfs.co.uk             85fs.dfs@teneo.com

About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the
United Kingdom. Our Group purpose is to bring great design and comfort into
every living room, in an affordable, responsible and sustainable manner. We
operate an integrated physical and digital retail network of living room
furniture showrooms and web sites in the United Kingdom and the Republic of
Ireland, trading through our leading brands, DFS and Sofology. We attract
customers through our targeted and national marketing activities and our
reputation for high quality products and service, breadth of product offer and
favourable consumer financing options. We fulfil orders for our exclusive
product ranges through our own UK finished goods factories, and through
manufacturing partners located in the UK, Europe and Far East, and delivered
with care through our expert final-mile delivery service "The Sofa Delivery
Company Limited".

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