RNS Number : 1560S

DFS Furniture plc

28 September 2017

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			DFS FURNITURE PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			STADIUM CAPITAL MANAGEMENT GP, L.P., a Delaware limited partnership (USA) STADIUM CAPITAL MANAGEMENT, LLC, a Delaware limited liability company (USA) SK FAMILY INVESTMENTS, LLC,  a Delaware limited liability company (USA)
City and country of registered office (if applicable)			See above
4. Full name of shareholder(s) (if different from 3.)v
Name			BNP Paribas
City and country of registered office (if applicable)			New York, USA
5. Date on which the threshold was crossed or reachedvi:			22 SEPTEMBER 2017
6. Date on which issuer notified (DD/MM/YYYY):			26/09/2017 (see "Additional information" at 11 below)
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	5.017%	N/A		5.017%	211,530,601
Position of previous notification (if applicable)	N/A	N/A		N/A

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary Shares		N/A		10,611,623			N/A		5.017%
SUBTOTAL 8. A		10,611,623					5.017%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/A
			SUBTOTAL 8. B 1			N/A			N/A
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
N/A
					SUBTOTAL 8.B.2			N/A	N/A

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
SK Family Investments, LLC
Stadium Capital Management, LLC
Stadium Capital Management GP
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Following receipt of the original notification at 4.57pm (UK time) on 26 September 2017, the issuer notified the persons subject to notification, at 9.11am (UK time) on 27 September 2017, that some of the information contained within Section 7 "Total position of person(s) subject to notification obligation" was incorrect. This was reviewed and corrected to ensure that no incorrect information was in the market and a corrected form was submitted to the issuer on 28 September 2017. --- Stadium Capital Management, LLC is the general partner of Stadium Capital Management GP, L.P. (the "GP"), which is the general partner of Stadium Capital Partners, LP and Stadium Capital Qualified Partners, L.P.  The GP has delegated investment advisory responsibilities with respect to Stadium Capital Partners, LP and Stadium Capital Qualified Partners, LP to Stadium Capital Management, LLC.  Stadium Capital Management, LLC is a controlled undertaking of SK Family Investments LLC as a result of its right to appoint a majority of the managers of Stadium Capital Management, LLC.  The members of SK Family Investments LLC are Alexander M. Seaver and Bradley R. Kent, who are also the only managers of Stadium Capital Management, LLC on the date of this notification. Neither Alexander M. Seaver nor Bradley R. Kent constitutes an indirect holder of Stadium Capital Management, LLC or SK Family Investments LLC for the purposes of the disclosure obligation under DTR 5.

Place of completion	London, United Kingdom
Date of completion	28 September 2017

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