REG - DFS Furniture PLC - Director/PDMR Shareholding

DFS FurnitureAnnouncement

22/10/2024 07:00

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RNS Number : 0164J  DFS Furniture PLC  22 October 2024

22 October 2024

DFS Furniture PLC

Deferred Share Bonus Plan

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

DFS Furniture PLC ("the Company") Deferred Bonus Plan ("DBP"): vesting of 2021
Award and related sales.

On 21 October 2021, the Company announced that 31,911 conditional awards of
ordinary shares of 0.10p each in the Company ("Shares"), equal to 25 per cent
of the 2021 short-term incentive award, had been granted under the DBP to the
Chief Executive Officer Mr Tim Stacey.

On 21 December 2021 the company further announced that an administrative error
in the calculation by the Company the number of shares granted under the
Deferred Bonus Plan made on 21 October 2021, had been incorrectly
calculated.  In order to correct that error, and in accordance with the
scheme rules,  a further grant of 28,300 shares was made to Mr Stacey, with
the vesting date being aligned to the vesting date of the grant made in
October 2021.

On 21 October 2024, the deferred bonus plan shares vested on the third
anniversary of the conditional award of Shares.

The following table shows the number of share awards vested and exercised, the
number of shares sold by  Mr Stacey to satisfy  income tax and national
insurance liability and dealing costs and the number of Shares retained:

 Executive Director  Shares Vested  Shares sold to satisfy tax and NI liabilities  Shares retained
 Tim Stacey          60,211         28,400                                         31,811

 

The Notification of Dealing Form for each PDMR can be found below.  This
announcement is made in accordance with the UK Market Abuse Regulation
(Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).

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

 2   Reason for the notification
 a)  Position/status                                              Chief Executive 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  Ordinary Shares 0.10p

     Identification code                                          ISIN: GB00BTC0LB89

 b)  Nature of the transaction                                    Acquisition of ordinary shares arising in connection with the settlement of

                                                            Deferred Bonus Plan awards granted on 21 October 2021 and 21 December 2021

 c)  Price(s) and volume(s)                                       Price       -  £0.00

                                                                  Volume  -   60,211
 d)  Aggregated information

     - Aggregated volume                                          60,211

     - Price                                                      £0.00
 e)  Date of the transaction                                      21 October 2024
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Tim Stacey
 2   Reason for the notification
 a)  Position/status                                              Chief Executive 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  Ordinary Shares 0.10p

     Identification code                                          ISIN: GB00BTC0LB89

 b)  Nature of the transaction                                    Disposal of shares to satisfy tax and NI liabilities in respect of the

                                                            settlement of Deferred Bonus Plan awards granted on 21 October 2021 and 21
                                                                  December 2021
 c)  Price(s) and volume(s)                                       Price       -   £1.33

                                                                  Volume  - 28,400
 d)  Aggregated information

     - Aggregated volume                                          28,400

     - Price                                                      £1.33

 e)  Date of the transaction                                      21 October 2024
 f)  Place of the transaction                                     London Stock Exchange

 

 

 

 

 

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