21st October 2021
DUNELM GROUP plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS EXERCISING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
Share incentive awards granted to Nick Wilkinson and Laura Carr
On 20 October 2021 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 price on 19 October 2021 of 1307pence, awards have been granted as follows:
| Name | Salary
| 200% of salary | Share price used to calculate number of nil cost options | Number of shares in award |
| Nick Wilkinson
| £582,125
| £1,164,250 | 1307p | 89,078 |
| Name | Salary | 180% of salary | Share price used to calculate number of nil cost options | Number of shares in award |
| Laura Carr
| £396,663 | £713,993.40 | 1307p | 54,628 |
The options may be exercised on or after 20 October 2024, subject to the satisfaction of performance conditions over the three financial years commencing on 27 June 2021. These performance conditions, which were set by the Remuneration Committee, are detailed in the Company's 2021 Annual Report.
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 October 2026, 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.
In line with its 2020 Remuneration Policy, the Remuneration Committee can apply malus or clawback to the award, and has discretion to vary formulaic outturns where this does not reflect underlying performance or is inappropriate in the context of unexpected or unforeseen circumstances.
Total interests in shares
Including the options granted as detailed above, Nick Wilkinson and Laura Carr also 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 criteria applied) | 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 | Long Term Incentive Plan (subject to performance) | 89,078 | Nil | Between 20 October 2024 and 19 October 2031 | |
| Nick Wilkinson | Share Bonus Award FY20 (performance condition applied)
| 5,797 | Nil | In September 2022
| |
| Nick Wilkinson | Share Bonus Award FY21 (performance condition applied) | 24,013 | Nil | 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 (performance condition applied) | 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 | Long Term Incentive Plan (subject to performance) | 54,628 | Nil | Between 20 October 2024 and 19 October 2031 | |
| Laura Carr | Share Bonus Award FY20 (performance condition applied)
| 3,837 | Nil | September 2022 | |
| Laura Carr | Share Bonus Award FY21 (performance condition applied) | 16,211 | Nil | September 2022 | |
| Laura Carr | 2019 - 21 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 | 141,505 |
| Laura Carr | 46,597 |
For further information please contact:
Dunelm Group plc
Dawn Durrant, Company Secretary InvestorRelations@dunelm.com
MHP Communications 07710 032 657
Simon Hockridge / Rachel Mann / Pete Lambie dunelm@mhpc.com
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)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
89,078
Nil | ||||
| e)
| Date of the transaction
| 2021.10.20 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
| Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2021.10.21 |
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)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
54,628
Nil | ||||
| e)
| Date of the transaction
| 2021.10.20 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
| Name of officer of issuer responsible for making notification: Dawn Durrant Date of notification: 2021.10.21 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
