REG - DFS Furniture PLC - Director/PDMR Shareholding

DFS FurnitureAnnouncement

13/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241213:nRSM9473Pa&default-theme=true

RNS Number : 9473P  DFS Furniture PLC  13 December 2024

13 December 2024

DFS Furniture plc

(the "Company")

Grant of awards under the DFS Group Share Plan (the "Plan")

The Company announces the following transactions by persons discharging
managerial responsibilities ("PDMRs") in ordinary shares of the Company with a
nominal value of £0.10 ("Shares") which took place on 12 December 2024.

The Executive Directors of the Company have been granted conditional share
awards in the Company, pursuant to the Plan.

Reflecting the interim nature of Marie Wall's role, her conditional share
award is subject to an additional condition that the award will not be capable
of vesting to the extent Marie Wall remains in an interim, temporary role.

The quantum of the conditional share awards granted to Tim Stacey and Marie
Wall was 80% and 65% of their respective base salaries.

No consideration was payable for the grant of the awards. Conditional share
awards granted under the Plan will vest after a three-year performance period,
subject to achievement of underpin conditions and will be subject to a
two-year holding period after vesting.

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

 Name        Position                 Number of shares subject to conditional awards
 Tim Stacey  Chief Executive Officer  283,196
 Marie Wall  Interim Chief Financial  182,724

 

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                                                         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 of £0.10 each

     Identification code                                          ISIN: GB00BTC0LB89
 b)  Nature of the transaction                                    Grant of conditional share awards under the DFS Group Share Plan

 c)  Price(s) and volume(s)                                       Price: N/A

                                                                  Volume: 283,196
 d)  Aggregated information                                       Not applicable - single transactions

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      12 December 2024
 f)  Place of the transaction                                     Outside of a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Marie Wall
 2   Reason for the notification
 a)  Position/status                                              Interim 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  Ordinary shares of £0.10 each

     Identification code                                          ISIN: GB00BTC0LB89
 b)  Nature of the transaction                                    Grant of conditional share awards under the DFS Group Share Plan

 c)  Price(s) and volume(s)                                       Price: N/A

                                                                  Volume: 182,724
 d)  Aggregated information                                       Not applicable - single transactions

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      12 December 2024
 f)  Place of the transaction                                     Outside of a trading venue

 

Enquiries:

 DFS                                      Teneo

 Liz McDonald (Group Company Secretary)   James Macey-White

 investor.relations@dfs.co.uk             +44 (0)20 7353 4200

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, 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".

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFFAEFEELSELE