Original
RNS Number : 9047S
Dunelm Group plc
28 November 2011
 



DUNELM GROUP plc

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

 

28 November 2011

 

LTIP awards to Executive Directors

 

Conditional awards under the Company's Long-Term Incentive Plan (LTIP) have been granted today over ordinary shares in Dunelm Group plc, in the form of a nil cost option, to the following executive directors: Will Adderley, Deputy Chairman, Nick Wharton, Chief Executive, and David Stead, Finance Director.

 

The maximum award under the LTIP is 150% of basic salary for each executive director.

 

The awards will vest, subject to continued employment and to the performance conditions being met, following publication of the Company's results for the year to 30 June 2014.   

 

Using a closing mid price on 25 November 2011 of £4.31 awards have been granted

as follows:  

 

 


Basic salary

 

150% of basic salary

Share price

Number of shares in award

Total number of LTIP options held after this award

Will Adderley

 

 

£265,000

 

 

£397,500

£4.31

92,227

288,790

Nick Wharton

 

£400,000

 

 

£600,000

£4.31

139,211

393,684

David Stead

  

 

£258,800

£388,200

£4.31

90,070

236,120

 

 

In addition to the LTIP options noted above, Will Adderley and David Stead each

have 7,710 options under the Company's Save as You Earn Option Scheme. 

 

 

 

 

For further information:   

 

David Stead 

 

0116 2644356

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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