EBT Update

In brief · summary, not quotable

DFS Furniture PLC has announced that its Employee Benefit Trust (EBT) has completed the purchase of 1,300,000 ordinary shares and intends to acquire an additional 3,500,000 shares using £5.8 million gifted to the trustee. These funds, derived from employee contributions and an additional cash injection, will be used to satisfy obligations under various employee share schemes, including options and restricted shares for Persons Discharging Managerial Responsibility. The EBT currently holds 3,389,630 ordinary shares, representing 1.4% of the company's issued capital, with further monthly updates on shareholdings to be provided.

Full announcement

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Further to the announcement on 8 December 2025, DFS Furniture PLC (the "Company") has been notified that the DFS Furniture PLC Employee Benefit Trust (the "EBT") completed the purchase of 1,300,000 ordinary shares of £0.10 each in the capital of the Company ("Ordinary Shares").

Intended purchase of shares by Employee Benefit Trust

In accordance with the Group's internal policy to meet anticipated obligations over the next 12 months under the Company's All Employee Share Scheme, long term incentive plans and restricted share plans, the Group has gifted £5.8m to Ocorian Limited (the "Trustee") through recycling employee contributions from its recent successful Save As You Earn all employee scheme and an additional cash contribution.

The Trustee will use these funds to acquire a further 3,500,000 ordinary shares in the Company (the 'Market Purchases') for the EBT. The shares will be used to satisfy the exercise of share options by employees or the release of restricted shares, including to Persons Discharging Managerial Responsibility (PDMRs) of the Company.

We will provide an update on a monthly basis to state the number of shares.