Dunelm Group plc Director/PDMR Shareholding (8712T)

TIDMDNLM

RNS Number : 8712T

Dunelm Group plc

18 October 2017

DUNELM GROUP plc

(the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

18 October 2017

LTIP award granted to Keith Down

A conditional award under the Company's Long Term Incentive Plan (LTIP) has been granted on 18 October 2017 over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, as follows:

 
 Name          Position           Number of 
                                   shares in 
                                   award 
------------  -----------------  ----------- 
               Chief Financial 
 Keith Down     Officer            60,000 
------------  -----------------  ----------- 
 

The award is made in accordance with the 2015 Remuneration Policy approved by shareholders on 24 November 2015 (the "2015 Policy").

The option may be exercised on or after 18 October 2020, subject to the satisfaction of a performance condition over the three financial years commencing on 2 July 2017, as set out below:

 
 Growth in fully diluted    Percentage of LTIP award 
  EPS                        vesting 
-------------------------  ------------------------- 
 Below RPI plus 3% per 
  annum                     0% 
-------------------------  ------------------------- 
 RPI plus 3% per annum      10% 
-------------------------  ------------------------- 
 Between RPI plus 3% and    Pro-rata between 10% 
  RPI plus 15% per annum     and 100% 
-------------------------  ------------------------- 
 RPI plus 15% per annum     100% 
-------------------------  ------------------------- 
 

On exercise, Mr Down has committed to retain two thirds of the shares vesting (after sale to cover his tax and national insurance liability on exercise), pursuant to the "Lifetime Lock-in" described in the 2015 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 award set out above, Keith Down holds options over the Company's ordinary shares as follows:

 
 Name          Share scheme    Number       Exercise     Exercise dates 
                                of shares    price 
                                             per share 
------------  --------------  -----------  -----------  ---------------- 
 Keith Down    Long Term       180,000      Nil          60,000 between 
                Incentive                                 7 December 
                Plan                                      2018 and 6 
                                                          December 2025 
                                                          60,000 between 
                                                          19 October 
                                                          2019 and 18 
                                                          October 2026 
                                                          60,000 between 
                                                          October 18 
                                                          October 2020 
                                                          and 17 October 
                                                          2027. 
------------  --------------  -----------  -----------  ---------------- 
                                                         1 January 
               Sharesave                                  to 30 June 
 Keith Down     Plan           2,910        618.5p        2020 
------------  --------------  -----------  -----------  ---------------- 
 

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

 
 Director      Number of ordinary shares 
------------  -------------------------- 
 Keith Down    40,098 
------------  -------------------------- 
 

Name of authorised Company official responsible for making this notification:

Dawn Durrant, Company Secretary

0116 26444439

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                      Keith William Down 
---  ------------------------  ----------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status           Chief Financial Officer 
---  ------------------------  ----------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ----------------------------- 
 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            Ordinary shares of one pence 
       the financial             each 
       instrument, type 
       of instrument 
                                 ISINGB00BICQ739 
       Identification 
       code 
---  ------------------------  ----------------------------- 
 b)   Nature of the             Grant of conditional nil 
       transaction               cost options under the Long 
                                 Term Incentive Plan 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   Nil         60,000 
                                  ----------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated               60,000 
       volume 
 
                                  Nil 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   2017.10.18 
---  ------------------------  ----------------------------- 
 f)   Place of the              London Stock Exchange (XLON) 
       transaction 
---  ------------------------  ----------------------------- 
 
 
  Name of officer of issuer responsible for making 
   notification: Dawn Durrant 
   Date of notification: 2017.10.18 
-------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 18, 2017 02:00 ET (06:00 GMT)