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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dunelm Group Plc | LSE:DNLM | London | Ordinary Share | GB00B1CKQ739 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 0.30% | 991.50 | 990.00 | 994.50 | 1,000.00 | 972.00 | 972.00 | 149,502 | 09:27:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Furniture Stores | 1.64B | 151.9M | 0.7530 | 13.18 | 2B |
TIDMDNLM
RNS Number : 9392T
Dunelm Group plc
10 October 2014
DUNELM GROUP plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS
10 October 2014
LTIP award granted to David Stead
A conditional award under the Company's Long-Term Incentive Plan (LTIP) has been granted on 9 October 2014 over ordinary shares in Dunelm Group plc, in the form of a nil cost option, to David Stead, Finance Director.
Will Adderley, Chief Executive, has waived his entitlement to receive an LTIP award.
The maximum award under the LTIP is 150% of basic salary.
The award is subject to the satisfaction of a performance condition over the three financial years commencing on 29 June 2014. Shares earned, following application of the performance condition, will be subject to a two year deferral. They will therefore vest to Mr Stead after five years, on 8 October 2019. Mr Stead will also receive on exercise a payment equal to any dividends that would have been paid on the shares during the deferral period. In the event that Mr Stead leaves the company after the three year performance period, the LTIP shares already earned will continue to vest at the end of the full five year period.
The award is also subject to malus and claw back in the case of mis-statement of performance to which a previous LTIP award related, miscalculation of performance conditions in previous exercised options, or gross misconduct or fraud on the part of the individual.
Using a closing mid price on 8 October 2014 of 816 pence, awards have been granted
as follows:
Basic salary 150% of basic Share price Number of Total number salary used to shares in of LTIP calculate award options number of held after nil cost this award options ------------- -------------- --------------- ------------ ----------- ------------- David Stead GBP274,690 GBP412,035 816p 50,494 228,115 ------------- -------------- --------------- ------------ ----------- -------------
In addition to the LTIP options noted above David Stead also has 2,493 options under the Company's Save as You Earn Option Scheme.
Name of authorised Company official responsible for making this notification:
Dawn Durrant, Company Secretary
0116 2644356
This information is provided by RNS
The company news service from the London Stock Exchange
END
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