Dunelm Group plc Director/PDMR Shareholding (8712T)
October 18 2017 - 1:00AM
UK Regulatory
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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