Director/PDMR Shareholding

RNS Number : 8018T

Currys PLC

26 July 2022

 

26 July 2022

CURRYS PLC

NOTIFICATION OF TRANSACTION OF DIRECTOR

Award under the Currys plc Long Term Incentive Plan 2016

In accordance with the requirements of DTR 3.1 and Market Abuse Regulation Article 19, Currys plc (the 'Company') announces the following share transaction undertaken by Alex Baldock, Group Chief Executive (a PDMR).

Alex Baldock exercised nil cost options over ordinary shares of 0.1 pence in the Company in respect of the 2019 LTIP Award (the "Award") which was granted on the 25 July 2019 under the Currys plc Long Term Incentive Plan 2016.  The Award vested on 25 July 2022, in accordance with the achievement of the applicable performance conditions .  Further details of the achievement of the performance conditions are disclosed in the 2021/22 Directors' Remuneration Report, which will be available at www.currysplc.com from 8 August 2022.

In total, Alex Baldock exercised 495,185 options, made up of 460,445 options and 34,740 accrued dividend equivalents, and sold 239,768 shares to cover the tax liability arising on the transaction.  The remaining 255,417 shares were retained. The exercise has been satisfied using market purchase shares and the retained shares are subject to a 2-year post vest holding requirement.

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	Alex Baldock
2	Reason for the notification
a)	Position/status	Group Chief Executive
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer
a)	Name	Currys 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 of 0.1p each in Currys plc
	Identification code	GB00B4Y7R145
b)	Nature of the transaction	Exercise of a share option under the Currys Long Term Incentive Plan ("LTIP") and sale of shares to cover the tax and NIC arising from the exercise
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 495,185 £0.712676 239,768
d)	Aggregated information - Aggregated volume - Price	1.  Exercise Price(s) Volume(s) Total Nil cost 495,185  0.00 2.  Sale Price(s) Volume(s) Total £0.712676 239,768  170,877
e)	Date of the transaction (DD-MM-YYYY)	25-07-2022
f)	Place of the transaction	London Stock Exchange (XLON)

Enquiries:

Sarah Thomas  Deputy Company Secretary  [phone]

Dan Homan   Investor Relations Director  [phone]

 

END

 

 

DSHBDGDRDSDDGDL