Dunelm Group plc Director/PDMR Shareholding (2413G)
March 01 2018 - 2:02AM
UK Regulatory
TIDMDNLM
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 Percentage of LTIP award
EPS vesting
------------------------- -------------------------
Below RPI plus 3% per
annum 0%
------------------------- -------------------------
RPI plus 3% per annum 10%
------------------------- -------------------------
Between RPI plus 3% and Pro-rata between 10%
RPI plus 15% per annum 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 Exercise Exercise dates
of shares price
per share
--------------- ------------- ----------- ----------- -----------------
Nick Wilkinson Long Term 110,000 Nil Between 28
Incentive February 2021
Plan 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 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 Ordinary shares of one pence
the financial each
instrument, type
of instrument
ISINGB00BICQ739
Identification
code
--- ------------------------ -----------------------------
b) Nature of the Grant of conditional nil
transaction cost options under the Long
Term Incentive Plan
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 110,000
---------- ----------
--- ------------------------ -----------------------------
d) Aggregated information
- Aggregated 110,000
volume
Nil
- Price
--- ------------------------ -----------------------------
e) Date of the transaction 2018.02.28
--- ------------------------ -----------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ------------------------ -----------------------------
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
END
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