Dunelm Group plc Director/PDMR Shareholding (9691M)
20 October 2016 - 5:00PM
UK Regulatory
TIDMDNLM
RNS Number : 9691M
Dunelm Group plc
20 October 2016
DUNELM GROUP plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS
20 October 2016
LTIP awards granted to John Browett and Keith Down
Conditional awards under the Company's Long Term Incentive Plan
(LTIP) have been granted on 19 October 2016 over ordinary shares of
one pence each in Dunelm Group plc, in the form of a nil cost
option, to the following Executive Directors:
Name Number of
shares in
award
-------------- -----------
John Browett 110,000
-------------- -----------
Keith Down 60,000
-------------- -----------
The award is made under the terms of the 2015 Remuneration
Policy approved by shareholders on 24 November 2015.
The options may be exercised on or after 19 October 2019,
subject to the satisfaction of a performance condition over the
three financial years commencing on 3 July 2016. On exercise, the
executives have committed to retain two thirds of the shares after
sale to cover their tax and national insurance liability, pursuant
to the "Lifetime Lock-in" described in the 2015 Remuneration
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 awards set out above, John Browett and Keith Down
hold options over the Company's ordinary shares as follows:
Name Share scheme Number Exercise Exercise dates
of shares price
per share
-------------- --------------- ----------- ----------- -----------------
Between 1
January and
John Browett Sharesave 2,385 754.5p 30 June 2019
-------------- --------------- ----------- ----------- -----------------
John Browett Long Term 220,000 Nil 110,000 between
Incentive 7 December
Plan 2018 and 6
December 2025
110,000 between
19 October
2019 and 18
October 2026
-------------- --------------- ----------- ----------- -----------------
Keith Down Joining award 26,488 Nil Between 15
Sept 2017
and 6 December
2025
-------------- --------------- ----------- ----------- -----------------
Keith Down Long Term 120,000 Nil 60,000 between
Incentive 7 December
Plan 2018 and 6
December 2025
60,000 between
19 October
2019 and 18
October 2026
-------------- --------------- ----------- ----------- -----------------
In addition to the above, John Browett and Keith Down have a
beneficial interest ordinary shares of one pence in the Company as
follows:
Director Number of ordinary shares
-------------- --------------------------
John Browett 45,959
-------------- --------------------------
Keith Down 21,610
-------------- --------------------------
Name of authorised Company official responsible for making this
notification:
Dawn Durrant, Company Secretary
0116 26444439
This information is provided by RNS
The company news service from the London Stock Exchange
END
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