REG - Dunelm Group plc - Director/PDMR Shareholding

DunelmAnnouncement

28/10/2022 07:00

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RNS Number : 4055E  Dunelm Group plc  28 October 2022

28 October 2022

 

DUNELM GROUP PLC

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS EXERCISING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS

 

Share incentive awards granted to Nick Wilkinson and Karen Witts

On 27 October 2022 share incentive awards were granted to Nick Wilkinson
(Chief Executive) and Karen Witts (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 the average closing share price over the three days preceding the grant
date being 27 October 2022, awards have been granted as follows:

 Name            Salary     200% of salary  Share price used to calculate number of nil cost options  Number of shares in award
 Nick Wilkinson  £582,125   £1,164,250      £8.33                                                     139,765
 Karen Witts     £450,000   £900,000        £8.33                                                     108,043

 

The options may be exercised on or after 27 October 2025, subject to the
satisfaction of performance conditions over the three financial periods
commencing on 3 July 2022.  These performance conditions are detailed in the
Company's FY22 Annual Report.

On exercise, Mr Wilkinson and Mrs Witts have each committed to retain all of
the shares vesting (after sale to cover tax and national insurance liability
on exercise), until 27 October 2027, 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.

In line with its 2020 Policy, the Remuneration Committee can apply malus or
clawback to the award and has discretion to vary formulaic outturns where this
does not reflect underlying performance or is inappropriate in the context of
unexpected or unforeseen circumstances.

Total interests in shares

Following the transactions set out above, Mr Wilkinson and Karen Witts are
beneficially interested in ordinary shares of one pence each in the Company as
follows:

 Director        Number of ordinary shares
 Nick Wilkinson  266,409
 Karen Witts     24,918

 

 

Nick Wilkinson and Karen Witts also 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                            152,025*         Nil                       Between now 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  Long Term Incentive Plan (subject to performance)  89,078            Nil                       Between 20 October 2024 and 19 October 2031
 Nick Wilkinson  2022-2024 Sharesave                                1,720             1,046p                    Between 1 January 2025 and 30 June 2025
 Karen Witts     Long Term Incentive Plan (subject to performance)  73,979            Nil                       Between 9 June 2025 and 8 June 2032

*Includes 17,041 shares by way of special dividend equivalent

For further information please contact:

 Dunelm Group plc

 Dawn Durrant, Company Secretary                InvestorRelations@dunelm.com (mailto:InvestorRelations@dunelm.com)

 MHP Communications
 Simon Hockridge/Rachel Farrington/Pete Lambie  dunelm@mhpc.com (mailto:dunelm@mhpc.com)

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  Ordinary shares of one pence each

      Identification code

                                                                   ISINGB00BICQ739

 b)   Nature of the transaction                                    Grant of conditional nil cost options under the Long Term Incentive Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £Nil      139,765

 

 d)   Aggregated information

      - Aggregated volume                                           139,765

      - Price                                                      £Nil

 e)   Date of the transaction                                      2022.10.27

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 139,765

 

 

£Nil

 

e)

 

Date of the transaction

 

 

2022.10.27

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Karen Witts

 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  Ordinary shares of one pence each

      Identification code

                                                                   ISINGB00BICQ739

 b)   Nature of the transaction                                    Grant of conditional nil cost options under the Long Term Incentive Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £Nil      108,043

 

 d)   Aggregated information

      - Aggregated volume                                          108,043

      - Price                                                      £Nil

 e)   Date of the transaction                                      2022.10.27

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

108,043

 

 

£Nil

 

e)

 

Date of the transaction

 

 

2022.10.27

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

 

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