21 November 2023
DUNELM GROUP PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS EXERCISING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
Share purchase
Dunelm Group plc (the "Company") has been notified of the following purchase in its ordinary shares of one pence each:
| Name of Director and position | Date of purchase | No of shares | Price per share | Beneficial holding following dealing |
| Nick Wilkinson Chief Executive Officer | 20 November 2023 | 10,843 | £10.91 | 382,173 (0.19%) |
This purchase of shares satisfies Nick Wilkinson's obligation to invest two-thirds of his FY23 cash bonus (after payment of tax and national insurance) in Dunelm shares, as set out in the Company's approved Remuneration Policy.
LTIP Grant
On 21 November 2023 share incentive awards were granted over ordinary shares of one pence each in the Company, in the form of a nil cost option under the Dunelm Group 2014 Long Term Incentive Plan to the following persons discharging managerial responsibilities:
| PDMR | Number of shares under award |
| Nick Wilkinson | 126,725 |
| Karen Witts | 87,096 |
| Luisa Wright | 24,193 |
| James Cooper | 4,645 |
In the case of Nick Wilkinson, Karen Witts and Luisa Wright, the options may be exercised on or after 21 November 2026, subject to the satisfaction of performance conditions over the three financial periods commencing on 2 July 2023. These performance conditions are detailed in the Company's FY23 Annual Report. In the case of James Cooper, the options may be exercised on or after 21 November 2025, subject to the satisfaction of performance conditions.
On exercise, Nick Wilkinson and Karen Witts have each committed to retain (after sale to cover tax and national insurance liability on exercise), 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 2023 Remuneration Policy ("2023 Policy") approved on 16 November 2023.
In line with its 2023 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.
SAYE grant
In addition, on 21 November 2023, as part of its all-employee Sharesave scheme for 2023, options were granted over ordinary shares of one pence each in the Company under the Dunelm Group 2014 Sharesave Plan and Luisa Wright, a person discharging managerial responsibilities elected to participate at an option price of £8.10 per share.
For further information please contact:
|
Dunelm Group plc Luisa Wright/Simon Hockridge |
|
|
MHP Communications |
|
| Rachel Farrington/Charles Hirst
|
DUNELM GROUP PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Share purchase
| 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 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
| Purchase | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
10,843
£10.91 | ||||
| e)
| Date of the transaction
| 2023.11.20 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
LTIP grant
| 1
| Details of the person(s) discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| 1. Nick Wilkinson 2. Karen Witts 3. Luisa Wright 4. James Cooper | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| 1. Chief Executive 2. Chief Financial Officer 3. PDMR 4. PDMR | ||||
| 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 nil-cost share options conditional on future performance in accordance with the Company's long term incentive plan | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Single transaction for each individual
| ||||
| e)
| Date of the transaction
| 2023.11.21 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
SAYE grant
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
| a)
| Name | Luisa Wright | ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| PDMR | ||||||
| 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 share options under the Dunelm 2014 Sharesave Plan
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
1,145
£8.10 | ||||||
| e)
| Date of the transaction | 2023.11.21
| ||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||
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