Remuneration Information • Oct 20, 2016
Remuneration Information
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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 of shares | Exercise price per share | Exercise dates |
| John Browett | Sharesave | 2,385 | 754.5p | Between 1 January and 30 June 2019 |
| John Browett | Long Term Incentive Plan | 220,000 | Nil | 110,000 between 7 December 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 Incentive Plan | 120,000 | Nil | 60,000 between 7 December 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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