25th Sep 2007 17:37
Dunelm Group plc25 September 2007 25 September 2007 Grant of conditional awards over ordinary shares to Directors under the 2007/2008 Long Term Incentive Programme (LTIP) Conditional awards over ordinary shares in Dunelm Group plc in the form of a nilcost option have been granted to Will Adderley, Chief Executive and David Stead,Finance Director, under the 2007/2008 LTIP on 24 September 2007. The maximum award under the LTIP is 120% of basic salary for each executivedirector. This will vest, subject to the performance conditions, followingpublication of results for the year to 30 June 2010. Using a closing mid price on 21 September 2007 of 192.5p, awards have beengranted as follows: Will Adderley: conditional award over 190,130 shares Basic Basic x Share No. of shares under Total no. of options salary 120% price award held £305,000 £366,000 £1.925 190,130 341,434 David Stead: conditional award over 127,792 shares Basic Basic x Share No. of shares under Total no. of options salary 120% price award held £205,000 £246,000 £1.925 127,792 433,098 - Ends - This information is provided by RNS The company news service from the London Stock Exchange ENRelated Shares:
Dunelm