DFS Furniture PLC Director/PDMR Shareholding
October 22 2024 - 2:00AM
RNS Regulatory News
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
|
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