TIDMDNLM

RNS Number : 1810U

Dunelm Group plc

21 November 2023

21 November 2023

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS EXERCISING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

Share purchase

Dunelm Group plc (the "Company") has been notified of the following purchase in its ordinary shares of one pence each:

 
 Name of Director    Date of purchase    No of shares   Price per   Beneficial 
  and position                                           share       holding following 
                                                                     dealing 
                     20 November 
 Nick Wilkinson       2023               10,843         GBP10.91    382,173 
  Chief Executive 
   Officer                                                           (0.19%) 
                                        -------------  ----------  ------------------- 
 

This purchase of shares satisfies Nick Wilkinson's obligation to invest two-thirds of his FY23 cash bonus (after payment of tax and national insurance) in Dunelm shares, as set out in the Company's approved Remuneration Policy.

LTIP Grant

On 21 November 2023 share incentive awards were granted over ordinary shares of one pence each in the Company, in the form of a nil cost option under the Dunelm Group 2014 Long Term Incentive Plan to the following persons discharging managerial responsibilities:

 
 PDMR              Number of shares under award 
 Nick Wilkinson              126,725 
                  ----------------------------- 
 Karen Witts                  87,096 
                  ----------------------------- 
 Luisa Wright                 24,193 
                  ----------------------------- 
 James Cooper                 4,645 
                  ----------------------------- 
 

In the case of Nick Wilkinson, Karen Witts and Luisa Wright, the options may be exercised on or after 21 November 2026, subject to the satisfaction of performance conditions over the three financial periods commencing on 2 July 2023. These performance conditions are detailed in the Company's FY23 Annual Report. In the case of James Cooper, the options may be exercised on or after 21 November 2025, subject to the satisfaction of performance conditions.

On exercise, Nick Wilkinson and Karen Witts have each committed to retain (after sale to cover tax and national insurance liability on exercise), at least two thirds of these for the duration of employment. In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2023 Remuneration Policy ("2023 Policy") approved on 16 November 2023.

In line with its 2023 Policy, the Remuneration Committee can apply malus or clawback to the award and has discretion to vary formulaic outturns where this does not reflect underlying performance or is inappropriate in the context of unexpected or unforeseen circumstances.

SAYE grant

In addition, on 21 November 2023, as part of its all-employee Sharesave scheme for 2023, options were granted over ordinary shares of one pence each in the Company under the Dunelm Group 2014 Sharesave Plan and Luisa Wright, a person discharging managerial responsibilities elected to participate at an option price of GBP8.10 per share.

For further information please contact:

 
 
  Dunelm Group plc 
  Luisa Wright/Simon Hockridge     InvestorRelations@dunelm.com 
 
 
       MHP Communications 
Rachel Farrington/Charles Hirst  dunelm@mhpc.com 
 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Share purchase

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                           Nick Wilkinson 
     -----------------------------  ------------------------------------ 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                Chief Executive 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 the             Ordinary shares of one pence each 
       financial instrument, 
       type of instrument 
                                      ISINGB00BICQ739 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Purchase 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        GBP10.91    10,843 
                                                   ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume             10,843 
 
 
       - Price                         GBP10.91 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        2023.11.20 
     -----------------------------  ------------------------------------ 
 f)   Place of the transaction       London Stock Exchange (XLON) 
     -----------------------------  ------------------------------------ 
 

LTIP grant

 
 1    Details of the person(s) discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        1. Nick Wilkinson 
                                   2. Karen Witts 
                                   3. Luisa Wright 
                                   4. James Cooper 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             1. Chief Executive 
                                   2. Chief Financial Officer 
                                   3. PDMR 
                                   4. PDMR 
     --------------------------  ----------------------------------------- 
 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 the          Ordinary shares of one pence each 
       financial instrument, 
       type of instrument 
                                   ISINGB00BICQ739 
       Identification code 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Grant of nil-cost share options 
                                   conditional on future performance 
                                   in accordance with the Company's 
                                   long term incentive plan 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)           Volume(s) 
                                          1. GBPNil     126,725 
                                           2. GBPNil     87,096 
                                           3. GBPNil     24,193 
                                           4. GBPNil     4,645 
                                                       ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          Single transaction for each individual 
 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     2023.11.21 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------- 
 

SAYE grant

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                           Luisa Wright 
      -----------------------------  ------------------------------------ 
       Reason for the notification 
  2 
      ------------------------------------------------------------------- 
 a)    Position/status                PDMR 
      -----------------------------  ------------------------------------ 
 b)    Initial notification           Initial notification 
        /Amendment 
      -----------------------------  ------------------------------------ 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
 a)    Name                           Dunelm Group plc 
      -----------------------------  ------------------------------------ 
 b)    LEI                            213800WCOWEI3T5DUV19 
      -----------------------------  ------------------------------------ 
       Details of the transaction(s): section to be repeated 
  4     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             Ordinary shares of one pence each 
        financial instrument, 
        type of instrument 
                                       ISINGB00BICQ739 
        Identification code 
      -----------------------------  ------------------------------------ 
 b)    Nature of the transaction      Grant of share options under the 
                                       Dunelm 2014 Sharesave Plan 
      -----------------------------  ------------------------------------ 
 c)    Price(s) and volume(s)                  Price(s)   Volume(s) 
                                           1.   GBP8.10    1,145 
                                               ---------  ---------- 
      -----------------------------  ------------------------------------ 
 d)    Aggregated information 
 
        - Aggregated volume                  1,145 
 
 
        - Price                              GBP8.10 
      -----------------------------  ------------------------------------ 
 e)    Date of the transaction               2023.11.21 
      -----------------------------  ------------------------------------ 
 f)    Place of the transaction       Outside a trading venue 
      -----------------------------  ------------------------------------ 
 

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