Source - LSE Regulatory
RNS Number : 0502G
Dunelm Group plc
23 November 2020
 

 

 

 

 DUNELM GROUP plc

(the "Company")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

 

 

  23 November 2020

 

Share incentive awards granted to Nick Wilkinson and Laura Carr

 

On 20 November 2020 share incentive awards were granted to Nick Wilkinson (Chief Executive) and Laura Carr (Chief Financial Officer) as set out below.

 

The awards have been made in accordance with the 2020 Remuneration Policy approved by shareholders on 17 November 2020 (the "2020 Policy").

 

Long Term Incentive Plan

Awards were granted over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option.

 

Using a closing mid price on 19 November 2020 of 1186 pence, awards have been granted

as follows:   

 

Name

Basic salary

 

200% of basic salary

Share price used to calculate number of nil cost options

Number of shares in award

Nick Wilkinson

 

£562,440

 

 

£1,124,880

1186p

94,846

Name

Basic salary

180% of basic salary

Share price used to calculate number of nil cost options

Number of shares in award

Laura Carr

£383,250

 

£689,850

1186p

58,166

 

The option may be exercised on or after 20 November 2023, subject to the satisfaction of performance conditions over the three financial years commencing on 28 June 2020.

 

On exercise, Mr Wilkinson and Mrs Carr have each committed to retain all of the shares vesting (after sale to cover their tax and national insurance liability on exercise), until 20 November 2025, and at least two thirds of these for the duration of employment. In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2020 Policy.

 

The award is subject to adjustment, malus and clawback as set out in the 2020 Policy and the rules of the plan. 

Share Bonus Award

Awards were granted over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, as follows.

 

Name

Description

Number of shares in award

Vesting September 2021

Vesting September 2022

Nick Wilkinson

 

Share Bonus award in respect of FY19-20 annual bonus

 

11,594

 

 

5797

5797

 

Share bonus award in respect of FY20-21 annual bonus*

59,130*

29,565*

29,565*

Name

 

 

 

 

Laura Carr

Share Bonus award in respect of FY19-20 annual bonus

 

7,675

 

3,837

3,838

 

Share bonus award in respect of FY20-21 annual bonus*

40,291*

20,145*

20,146*

 

*The award in respect of the FY21 annual bonus is subject to the satisfaction of a performance condition in respect of the FY21 financial year.  The award in respect of the FY20 annual bonus is  not subject to a performance condition as the quantum reflects bonus earned in that year after applying performance critera.

On exercise, Mr Wilkinson and Mrs Carr have each committed to retain at least two thirds of the shares vesting (after sale to cover their tax and national insurance liability on exercise) for the duration of employment.  In addition, shareholding requirements apply for the duration of employment and for two years from termination of employment, as set out in the 2020 Policy.

 

The award is subject to adjustment, malus and clawback as set out in the 2020 Policy and the rules of the plan. 

Total interests in shares

 

Including the awards set out above, Nick Wilkinson and Laura Carr hold 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 (performance condition applied)

21,780

Nil

Between 28 February 2021 and 27 February 2028

Nick Wilkinson

Long Term Incentive Plan (subject to performance)

 180,802

Nil

Between 17 October 2021 and 16 October 2028

Nick Wilkinson

Long Term Incentive Plan (subject to performance)

 134,984

Nil

Between 16 October 2022 and 15 October 2029

Nick Wilkinson

Long Term Incentive Plan (subject to performance)

94,846

Nil

Between 20 November 2023 and 19 November 2030

Nick Wilkinson

Share Bonus Award FY20  (performance condition applied)

 

11,594

Nil

5,797 in September 2021

5,797 in September 2022

Nick Wilkinson

Share Bonus Award FY21 (subject to performance)

59,130

Nil

29,565 in September 2021

29,565 in September 2022

Nick Wilkinson

2019 - 21 Sharesave

    3,757

479.0p

Between 1 January 2022 and 30 June 2022

Laura Carr

Long Term Incentive Plan (subject to performance)

 105,893

Nil

Between 30 November 2021 and 29 November 2028

Laura Carr

Long Term Incentive Plan (subject to performance)

  71,481

Nil

Between 16 October 2022 and 15 October 2029

Laura Carr

Long Term Incentive Plan (subject to performance)

58,166

Nil

Between 20 November 2023 and 19 November 2030

Laura Carr

Share Bonus Award FY20  (performance condition applied

7,675

Nil

3,837 in September 2021

3,838 in September 2022

Laura Carr

Share Bonus Award FY21 (subject to performance)

40,291

Nil

20,145 in September 2021

20,146 in September 2022

Laura Carr

2020-22 Sharesave

2,752

654.0p

Between 1 January 2023 and 30 June 2023

 

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

 

Director

Number of ordinary shares

Nick Wilkinson

113,752

Laura Carr

  36,000

 

Name of authorised Company official responsible for making this notification:

 

Dawn Durrant, Company Secretary

                                                                             

For further information please contact:

Dunelm Group plc

Investorrelations@dunelm.com

Dawn Durrant, Company Secretary

 

 

 

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

94,846

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

 94,846

 

 

 Nil

e)

 

Date of the transaction

 

 

2020.11.20

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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

Date of notification: 2020.11.23

 

 

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 unconditional nil cost options under the Dunelm 2020 Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

11,594

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

 11,594

 

 

 Nil

e)

 

Date of the transaction

 

 

2020.11.20

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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

Date of notification: 2020.11.23

 

 

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 Dunelm 2020 Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

59,130

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

 59,130

 

 

 Nil

e)

 

Date of the transaction

 

 

2020.11.20

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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

Date of notification: 2020.11.23

 

 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Laura Carr

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

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

  58,166

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

  58,166

 

   Nil

e)

 

Date of the transaction

 

 

2020.11.20

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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

Date of notification: 2020.11.23

 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Laura Carr

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

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 unconditional nil cost options under the Dunelm 2020 Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

7,675

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

 7,675

 

 

 Nil

e)

 

Date of the transaction

 

 

2020.11.20

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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

Date of notification: 2020.11.23

 

 

DUNELM GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Laura Carr

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

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 Dunelm 2020 Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

40,291

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

  

 

 40,291

 

 

 Nil

e)

 

Date of the transaction

 

 

2020.11.20

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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

Date of notification: 2020.11.23

 

 

 

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