Dunelm Group plc Director/PDMR Shareholding (9691M)

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RNS Number : 9691M

Dunelm Group plc

20 October 2016

DUNELM GROUP plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

20 October 2016

LTIP awards granted to John Browett and Keith Down

Conditional awards under the Company's Long Term Incentive Plan (LTIP) have been granted on 19 October 2016 over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, to the following Executive Directors:

 
 Name            Number of 
                  shares in 
                  award 
--------------  ----------- 
 John Browett     110,000 
--------------  ----------- 
 Keith Down       60,000 
--------------  ----------- 
 

The award is made under the terms of the 2015 Remuneration Policy approved by shareholders on 24 November 2015.

The options may be exercised on or after 19 October 2019, subject to the satisfaction of a performance condition over the three financial years commencing on 3 July 2016. On exercise, the executives have committed to retain two thirds of the shares after sale to cover their tax and national insurance liability, pursuant to the "Lifetime Lock-in" described in the 2015 Remuneration Policy.

The award is subject to malus and claw back provisions in the case of mis-statement of performance to which a previous LTIP award relates, miscalculation of performance conditions in previous exercised options, or gross misconduct or fraud on the part of the individual.

Including the awards set out above, John Browett and Keith Down hold options over the Company's ordinary shares as follows:

 
 Name            Share scheme     Number       Exercise     Exercise dates 
                                   of shares    price 
                                                per share 
--------------  ---------------  -----------  -----------  ----------------- 
                                                            Between 1 
                                                             January and 
 John Browett    Sharesave        2,385        754.5p        30 June 2019 
--------------  ---------------  -----------  -----------  ----------------- 
 John Browett    Long Term        220,000      Nil          110,000 between 
                  Incentive                                  7 December 
                  Plan                                       2018 and 6 
                                                             December 2025 
                                                             110,000 between 
                                                             19 October 
                                                             2019 and 18 
                                                             October 2026 
--------------  ---------------  -----------  -----------  ----------------- 
 Keith Down      Joining award    26,488       Nil          Between 15 
                                                             Sept 2017 
                                                             and 6 December 
                                                             2025 
--------------  ---------------  -----------  -----------  ----------------- 
 Keith Down      Long Term        120,000      Nil          60,000 between 
                  Incentive                                  7 December 
                  Plan                                       2018 and 6 
                                                             December 2025 
                                                             60,000 between 
                                                             19 October 
                                                             2019 and 18 
                                                             October 2026 
--------------  ---------------  -----------  -----------  ----------------- 
 

In addition to the above, John Browett and Keith Down have a beneficial interest ordinary shares of one pence in the Company as follows:

 
 Director        Number of ordinary shares 
--------------  -------------------------- 
 John Browett    45,959 
--------------  -------------------------- 
 Keith Down      21,610 
--------------  -------------------------- 
 

Name of authorised Company official responsible for making this notification:

Dawn Durrant, Company Secretary

0116 26444439

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 20, 2016 02:00 ET (06:00 GMT)