Original
RNS Number : 9691M
Dunelm Group plc
20 October 2016
 

 DUNELM GROUP plc

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

 

 20 October 2016

 

LTIP awards granted to John Browett and Keith Down

 

Conditional awards under the Company's Long Term Incentive Plan (LTIP) have been granted on 19 October 2016 over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, to the following Executive Directors:

 

 

Name

Number of shares in award

John Browett

 

 110,000

Keith Down

  60,000

 

The award is made under the terms of the 2015 Remuneration Policy approved by shareholders on 24 November 2015.

 

The options may be exercised on or after 19 October 2019, subject to the satisfaction of a performance condition over the three financial years commencing on 3 July 2016. On exercise, the executives have committed to retain two thirds of the shares after sale to cover their tax and national insurance liability, pursuant to the "Lifetime Lock-in" described in the 2015 Remuneration 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 awards set out above, John Browett and Keith Down hold options over the Company's ordinary shares as follows:

Name

Share scheme

Number of shares

Exercise price per share

Exercise dates

John Browett

Sharesave

2,385

754.5p

Between 1 January and 30 June 2019

John Browett

Long Term Incentive Plan

220,000

Nil

110,000  between 7 December 2018 and 6 December 2025

110,000 between 19 October 2019 and 18 October 2026

Keith Down

Joining award

26,488

Nil

Between 15 Sept 2017 and 6 December 2025

Keith Down

Long Term Incentive Plan

120,000

Nil

60,000  between 7 December 2018 and 6 December 2025

60,000 between 19 October 2019 and 18 October 2026

 

 

In addition to the above, John Browett and Keith Down have a beneficial interest ordinary shares of one pence in the Company as follows:

 

 

Director

Number of ordinary shares

John Browett

45,959

Keith Down

21,610

 

 

 

Name of authorised Company official responsible for making this notification:

 

Dawn Durrant, Company Secretary

                                                                             

0116 26444439 


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