21 December 2021
DFS Furniture plc
("the Company")
Grant of shares under the Deferred Bonus Plan (the "Plan")
DFS Furniture Plc announces the following transaction by persons discharging managerial responsibility ("PDMR") in ordinary shares of the Company with a nominal value of £0.10 ("Shares") took place on 20 December 2021.
Due to an administrative error by the Company the number of shares granted to the Executive Directors under the Deferred Bonus Plan made on 21 October 2021, was incorrectly calculated. In order to correct that error, the Company has today and in accordance with the scheme rules, granted further shares to Mr Stacey and Mr Schmidt
The awards granted under the Plan are structured as options with a nil exercise price over a number of shares (the "Deferred Awards").
No consideration was paid for the grant of the Deferred Awards.
Details of the additional share awards under the Deferred Bonus Plan are as follows:
| Name | Status | Number of conditional shares awarded |
| Tim Stacey | Director | 28,300 |
| Mike Schmidt | Director | 15,852 |
The Deferred Awards will become exercisable on or around 21 October 2024 subject to the Rules of the Plan and the continued employment of the participants.
Enquiries:
| DFS: | TULCHAN |
| Liz McDonald (Group Company Secretary) Philip Hutchinson | James Macey-White |
|
| Jessica Reid
|
| dfs@tulchangroup.com | |
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | A. Tim Stacey B. Mike Schmidt
|
| 2 | Reason for the notification | |
| a) | Position/status | A. Chief Executive Officer B. 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 | DFS Furniture plc |
| b) | LEI | 213800GDSOBNKS1U1P93
|
| 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 | Grant of options to acquire DFS Furniture plc £0.10 ordinary shares
ISIN: GB00BTC0LB89
|
| b) | Nature of the transaction
| Granting of shares under the DFS Deferred Bonus Plan |
| c) | Price(s) and volume(s)
| A. 28,300 N/A B. 15,853 N/A
|
| d) | Aggregated information - Aggregated volume - Price | / A. A. 28,300 N/A B. 15,852 N/A |
| e) | Date of the transaction | 20 December 2021 |
| f) | Place of the transaction | London |
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