Original
RNS Number : 2413G
Dunelm Group plc
01 March 2018
 

 

 

 DUNELM GROUP plc

(the "Company")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

 

 

1 March 2018

 

LTIP award granted to Nick Wilkinson

 

A conditional award under the Company's Long Term Incentive Plan (LTIP) has been granted on 28 February 2018 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

Nick Wilkinson

Chief Executive

  110,000

 

The award is made in accordance with the 2017 Remuneration Policy approved by shareholders on 21 November 2017 (the "2017 Policy").

 

The option may be exercised on or after 28 February 2021, 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 EPS

Percentage of LTIP award vesting

Below RPI plus 3% per annum

0%

RPI plus 3% per annum

10%

Between RPI plus 3% and RPI plus 15% per annum

Pro-rata between 10% and 100%

RPI plus 15% per annum

100%

 

 

On exercise, Mr Wilkinson 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 2017 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, Nick Wilkinson holds options over the Company's ordinary shares as follows:

Name

Share scheme

Number of shares

Exercise price per share

Exercise dates

Nick Wilkinson

Long Term Incentive Plan

110,000

Nil

Between 28 February 2021 and 27 February 2028

 

 

In addition to the above, Nick Wilkinson has a beneficial interest in ordinary shares of one pence in the Company as follows:

 

 

Director

Number of ordinary shares

Nick Wilkinson

38,855

 

 

 

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

 

Nick Wilkinson

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive

b)

 

Initial notification /Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of one pence each 

 

 

ISINGB00BICQ739  

 

b)

 

Nature of the transaction

 

 

Grant of conditional nil cost options under the Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

110,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

 110,000

 

 

 Nil

e)

 

Date of the transaction

 

 

2018.02.28

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

Name of officer of issuer responsible for making notification: Dawn Durrant

Date of notification: 2018.03.01

 

 


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