19th Sep 2008 13:36
19 September 2007
Grant of conditional awards over ordinary shares to Directors under the 2008/2009 Long Term Incentive Programme (LTIP)
Conditional awards over ordinary shares in Dunelm Group plc in the form of a nil cost option have been granted to Will Adderley, Chief Executive and David Stead, Finance Director, under the 2008/2009 LTIP on 18 September 2008.
The maximum award under the LTIP is 120% of basic salary for each executive director. This will vest, subject to the performance conditions, following publication of results for the year to 30 June 2011.
Using a closing mid price on 18 September 2008 of 148p, awards have been granted as follows:
Will Adderley: conditional award over 259,459 shares
|
Basic salary |
Basic x 120% |
Share price |
No. of shares under award |
Total no. of options held |
|
£320,000 |
£384,000 |
£1.48 |
259,459 |
607,007 |
David Stead: conditional award over 178,378 shares
|
Basic salary |
Basic x 120% |
Share price |
No. of shares under award |
Total no. of options held |
|
£220,000 |
£264,000 |
£1.48 |
178,378 |
411,476 |
- Ends -
Related Shares:
Dunelm