DFS Furniture plc Grant of Awards under the 2015 LTIP (8758R)

TIDMDFS

RNS Number : 8758R

DFS Furniture plc

14 December 2016

14 December 2016

DFS Furniture plc

Grant of Awards under the 2015 Long-Term Incentive Plan (the "LTIP")

DFS Furniture plc ("DFS" or "the Company") announces that the Directors and PDMRs named below were granted conditional share awards using a price of 224p per Ordinary Share in the Company on 15 November 2016, as performance share awards under the LTIP.

No consideration was payable for the grant of the awards. Performance share awards under the plan will vest after a three year performance period, subject to achievement of the performance measures and continued employment conditions. The performance measures are targets based on adjusted EPS and relative total shareholder return measures for the Company.

Details of the performance share awards are as follows:

 
 Name                  Status      Number of conditional 
                                    shares awarded 
--------------------  ----------  ---------------------- 
 Ian Filby             Director    249,612 
--------------------  ----------  ---------------------- 
 Nicola Bancroft       Director    107,143 
--------------------  ----------  ---------------------- 
 Nick Collard          PDMR        105,000 
--------------------  ----------  ---------------------- 
 Tim Stacey            PDMR        105,000 
--------------------  ----------  ---------------------- 
 Toni Wood             PDMR        37,000 
--------------------  ----------  ---------------------- 
 Scott Fishburn        PDMR        37,000 
--------------------  ----------  ---------------------- 
 

Enquiries:

 
 DFS (enquiries via FTI)                  FTI Consulting 
 Paul Walker (Group Company Secretary)    Jonathon Brill 
                                          Georgina Goodhew 
                                          Eleanor Purdon 
                                          [phone] 
                                          [e-mail] 
 

About DFS Furniture plc

DFS is the clear market leading retailer of upholstered furniture in the United Kingdom. We design, manufacture, sell and deliver to our customers an extensive range of upholstered furniture products. The business operates a retail network of upholstered furniture stores in the United Kingdom and Europe, together with an online channel. These have been established and developed gradually over more than 45 years of operating history. We attract customers to our stores and website through our substantial and continued investment in nationwide marketing activities and our reputation for high quality products and service, breadth of product ranges and price points and favourable consumer financing options.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 14, 2016 10:51 ET (15:51 GMT)