Original
RNS Number : 6307R
Dunelm Group plc
21 November 2012
 



DUNELM GROUP plc

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

 

 

21 November 2012

 

LTIP awards to Executive Directors

 

Conditional awards under the Company's Long-Term Incentive Plan (LTIP) have been granted on 20 November 2012 over ordinary shares in Dunelm Group plc, in the form of a nil cost option, to Nick Wharton, Chief Executive, and David Stead, Finance Director.

 

Will Adderley, Executive Deputy Chairman, has waived his entitlement to receive an LTIP award.

 

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 2015. The award is also subject to claw back in the case of mis-statement of performance to which a previous LTIP award or bonus related, miscalculation of performance conditions in previous exercised options, or gross misconduct on the part of the individual.

 

Using a closing mid price on 19 November 2012 of 641.5 pence, 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

Nick Wharton

£408,000

 

£612,000

641.5p

95,401

489,085

David Stead

 

£264,000

£396,000

641.5p

61,730

212,635

 

 

 In addition to the LTIP options noted above, Nick Wharton and David Stead each have 2,493 options under the Company's Save as You Earn Option Scheme. 

 

 

 

Name of authorised Company official responsible for making this notification:

 

Dawn Durrant, Company Secretary

                                                                             

0116 2644356

 

 


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