DFS Furniture PLC Director/PDMR Shareholding

RNS Number : 0164J

DFS Furniture PLC

22 October 2024

 

22 October 2024

DFS Furniture PLC

Deferred Share Bonus Plan

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

DFS Furniture PLC ("the Company") Deferred Bonus Plan ("DBP"): vesting of 2021 Award and related sales.

On 21 October 2021, the Company announced that 31,911 conditional awards of ordinary shares of 0.10p each in the Company ("Shares"), equal to 25 per cent of the 2021 short-term incentive award, had been granted under the DBP to the Chief Executive Officer Mr Tim Stacey.

On 21 December 2021 the company further announced that an administrative error in the calculation by the Company the number of shares granted under the Deferred Bonus Plan made on 21 October 2021, had been incorrectly calculated.  In order to correct that error, and in accordance with the scheme rules,  a further grant of 28,300 shares was made to Mr Stacey, with the vesting date being aligned to the vesting date of the grant made in October 2021.

On 21 October 2024, the deferred bonus plan shares vested on the third anniversary of the conditional award of Shares.

The following table shows the number of share awards vested and exercised, the number of shares sold by  Mr Stacey to satisfy  income tax and national insurance liability and dealing costs and the number of Shares retained:

Executive Director	Shares Vested	Shares sold to satisfy tax and NI liabilities	Shares retained
Tim Stacey	60,211	28,400	31,811

 

The Notification of Dealing Form for each PDMR can be found below.  This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

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 Identification code	Ordinary Shares 0.10p ISIN: GB00BTC0LB89
b)	Nature of the transaction	Acquisition of ordinary shares arising in connection with the settlement of Deferred Bonus Plan awards granted on 21 October 2021 and 21 December 2021
c)	Price(s) and volume(s)	Price       -  £0.00 Volume  -   60,211
d)	Aggregated information - Aggregated volume - Price	60,211 £0.00
e)	Date of the transaction	21 October 2024
f)	Place of the transaction	Outside a trading venue

 

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 Identification code	Ordinary Shares 0.10p ISIN: GB00BTC0LB89
b)	Nature of the transaction	Disposal of shares to satisfy tax and NI liabilities in respect of the settlement of Deferred Bonus Plan awards granted on 21 October 2021 and 21 December 2021
c)	Price(s) and volume(s)	Price       -   £1.33 Volume  - 28,400
d)	Aggregated information - Aggregated volume - Price	28,400 £1.33
e)	Date of the transaction	21 October 2024
f)	Place of the transaction	London Stock Exchange

 

 

 

 

 

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 [e-mail] or visit 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.

 

END

 

 

DSHFELFMFELSEFS