Director/PDMR Shareholding

RNS Number : 4737J

Dixons Carphone PLC

09 September 2016

 

9 September 2016

 

Dixons Carphone plc

(the 'Company')

Long Term Incentive Plan 2016

The Company announces that on 9 September 2016 it granted nil cost options awards to subscribe for up to 2,022,622 ordinary shares of 0.1 pence ('Ordinary Shares') in the Company to the Persons Discharging Managerial Responsibilities ('PDMRs'), pursuant to the Company's Dixons Carphone plc Long Term Incentive Plan 2016 (the 'LTIP 2016') approved by shareholders at the Company's Annual General Meeting (the 'AGM') on 8 September 2016. The PDMRs are identified in the table below:

Name of Director/ PDMR	Base Salary for Award (£)	Award Value (£)	Maximum number of Ordinary Shares represented by the options granted on the date of this announcement	Exercise Price
Sebastian James	836,400	2,300,100	591,284	Nil
Andrew Harrison	561,000	1,542,750	396,592	Nil
Humphrey Singer	484,500	1,332,375	342,512	Nil
Katie Bickerstaffe	510,000	1,402,500	360,538	Nil
Graham Stapleton	469,200	1,290,300	331,696	Nil

The number of Ordinary Shares stated is the maximum number that could be issued to each Director/ PDMR upon full satisfaction of the performance conditions attaching to the awards. The arrangements are intended to align the PDMRs' interests with shareholders and the Company's strategic plan.

The number of Ordinary Shares which will vest after the three-year performance period from 1 May 2016 to 27 April 2019, will depend on continued service and the extent to which the performance conditions applicable to these awards are achieved and determined on the date following 8 September 2019. Subject to the achievement of the performance conditions, up to 100% of the options will vest on the third anniversary of the grant date, unless the Company's Remuneration Committee in its absolute discretion decides that an earlier or later vesting should apply. Executive Directors of the Company will be subject to an additional two-year holding period from the date of vesting.

The performance conditions attaching to the LTIP 2016 are based on the achievement of two equally weighted performance metrics as follows:

1)    Relative Total Shareholder Return (TSR)

·   50% of the awards will be subject to the achievement of a relative TSR performance condition, measured against the companies ranked FTSE 51- 150 at the start of the performance period. The starting point for measurement will be 1 May 2016 and the closing point will be 27 April 2019, with one month averaging periods up to the beginning and end of the performance period. 25% of this portion of the award will pay out for achievement of median TSR versus the comparator group, with maximum vesting at upper quartile or above and straight-line vesting between these two points.

2)    Earnings Per Share ('EPS') Growth

·   50% of the awards will be subject to the achievement of adjusted EPS growth targets. 25% of this element will vest for growth of 10% in total over the three-year period, rising on a straight-line basis to full vesting for growth of 30% in total.

The Group's Remuneration Policy and Annual Remuneration Report were approved by the Company's shareholders at the AGM. The Annual Remuneration Report will again be subject to approval at the next annual general meeting to be held in September 2017.

As at the date of this announcement, the Company has 1,151,461,336 Ordinary Shares in issue.

This announcement is made in in accordance with the requirements of DTR3.1.2G, Market Abuse Regulation Article 19 and section 793 of the Companies Act 2006.

For further information:

Nigel Paterson            Company Secretary & General Counsel          [phone]

Kate Ferry                    IR, PR and Corporate Affairs Director             [phone]

PDMR DEALING NOTIFICATION
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sebastian James
2	Reason for the notification
a)	Position / status	Group Chief Executive
b)	Initial notification / Amendment	Initial notification
3	Details of issuer
a)	Name	Dixons Carphone plc
b)	LEI	2138001E12GWLLDQQF16
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, type of instrument	Ordinary shares in Dixons Carphone plc
	Identification code	GB00B4Y7R145
b)	Nature of the transaction	Grant of options under the Company's Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	591,284
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A (single transaction)	N/A (single transaction)
e)	Date of the transaction	2016-09-09
f)	Place of the transaction	Outside a trading venue

PDMR DEALING NOTIFICATION
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Harrison
2	Reason for the notification
a)	Position / status	Deputy Chief Executive
b)	Initial notification / Amendment	Initial notification
3	Details of issuer
a)	Name	Dixons Carphone plc
b)	LEI	2138001E12GWLLDQQF16
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, type of instrument	Ordinary shares in Dixons Carphone plc
	Identification code	GB00B4Y7R145
b)	Nature of the transaction	Grant of options under the Company's Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	396,592
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A (single transaction)	N/A (single transaction)
e)	Date of the transaction	2016-09-09
f)	Place of the transaction	Outside a trading venue

PDMR DEALING NOTIFICATION
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Humphrey Singer
2	Reason for the notification
a)	Position / status	Group Finance Director
b)	Initial notification / Amendment	Initial notification
3	Details of issuer
a)	Name	Dixons Carphone plc
b)	LEI	2138001E12GWLLDQQF16
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, type of instrument	Ordinary shares in Dixons Carphone plc
	Identification code	GB00B4Y7R145
b)	Nature of the transaction	Grant of options under the Company's Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	342,512
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A (single transaction)	N/A (single transaction)
e)	Date of the transaction	2016-09-09
f)	Place of the transaction	Outside a trading venue

PDMR DEALING NOTIFICATION
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Katie Bickerstaffe
2	Reason for the notification
a)	Position / status	Chief Executive, UK & Ireland
b)	Initial notification / Amendment	Initial notification
3	Details of issuer
a)	Name	Dixons Carphone plc
b)	LEI	2138001E12GWLLDQQF16
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, type of instrument	Ordinary shares in Dixons Carphone plc
	Identification code	GB00B4Y7R145
b)	Nature of the transaction	Grant of options under the Company's Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	360,538
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A (single transaction)	N/A (single transaction)
e)	Date of the transaction	2016-09-09
f)	Place of the transaction	Outside a trading venue

PDMR DEALING NOTIFICATION
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Stapleton
2	Reason for the notification
a)	Position / status	Chief Executive, Connected World Services
b)	Initial notification / Amendment	Initial notification
3	Details of issuer
a)	Name	Dixons Carphone plc
b)	LEI	2138001E12GWLLDQQF16
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, type of instrument	Ordinary shares in Dixons Carphone plc
	Identification code	GB00B4Y7R145
b)	Nature of the transaction	Grant of options under the Company's Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	331,696
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A (single transaction)	N/A (single transaction)
e)	Date of the transaction	2016-09-09
f)	Place of the transaction	Outside a trading venue

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