DFS FURNITURE PLC

Director's Dealing • Apr 23, 2020

National Storage Mechanism | Additional information

RNS Number : 6727K

DFS Furniture PLC

23 April 2020

23 April 2020

DFS Furniture PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

1. Ian Durant

2. Tim Stacey

3. Mike Schmidt

4. Alison Hutchinson

5. Stephen Johnson

6. Jo Boydell

7.Jane Bednall

b)

Position / status

1. Executive Chairman

2. Chief Executive Officer

3. Chief Financial Officer

4. Non-Executive Director

5. Non-Executive Director

6. Non-Executive Director

7. Non-Executive Director

c)

Initial notification / amendment

Initial Notification in each case

2.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

DFS Furniture PLC

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

Identification code

Ordinary Shares of DFS Furniture PLC (the "Company").

ISIN GB00BTCOLB89

b)

Nature of the transaction

The Company announced today that it raised proceeds of approximately £64 million (before expenses) through a placing of 42,606,119 new ordinary shares of 150 pence each in the capital of the Company (the 'Placing  and Subscription Shares') at a price of 150 pence per Share (the "Placing").  The Placing is conditional upon, amongst other things, the Placing and Subscription Shares being admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange plc (together, "Admission").

The Company was informed today that the Directors listed below subscribed for the below numbers of new ordinary shares of 150 pence each in the capital of the Company concurrently with the Placing.

Director	Interest in shares prior to acquisition	Number of Placing Shares acquired	Total shares held beneficially	% of issued share capital held (post Admission of Placing Shares)
Ian Durant	28,000	16,666	44,666	0.02%
Tim Stacey	461,875	15,333	477,208	0.19%
Mike Schmidt	9,375	10,000	19,375	0.01%
Alison Hutchinson	0	13,333	13,333	0.01%
Stephen Johnson	0	26,666	26,666	0.01%
Jo Boydell	0	13,333	13,333	0.01%
Jane Bednall	0	13,333	13,333	0.01%

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.  150 pence	16,666
2. 150 pence	15,333
3. 150 pence	10,000
4. 150 pence	13,333
5. 150 pence	26,666
6. 150 pence	13,333
7. 150 pence	13,333

d)

Aggregated information

Aggregated volume Price

108,664

150 pence

e)

Date of the transaction

23 April 2020

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

Enquiries:                        

DFS (enquiries via Tulchan)	Tulchan
Tim Stacey (CEO)	James Macey-White
Mike Schmidt (CFO)	Jessica Reid
Phil Hutchinson (Investor relations)	Amber Ahluwalia
Liz McDonald  (Company Secretary)	+44 (0)20 7353 4200
	dfs@tulchangroup.com

About DFS Furniture plc

The Group is the clear market leading retailer of living room furniture in the United Kingdom. We design, manufacture, sell and deliver to our customers an extensive range of furniture products. The business operates a retail network of living room furniture stores in the United Kingdom and Europe, together with an online channel, trading through four leading brands. The Group has been established and developed gradually over 50 years of operating history. We attract customers to our stores and website through our substantial and continued investment in nationwide marketing activities and our reputation for high quality products and service, breadth of product ranges and price points and favourable consumer financing options.

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